Eurozone trade surplus widened in Jul, but exports and imports dropped double-digit over the year

Eurozone exports dropped -10.4% yoy in July to EUR 185.2B. Imports dropped -14.3% yoy in EUR 183.5B. Trade surplus widened to EUR 27.9B, comparing with EUR 23.2B a year ago. Intra-eurozone trade dropped to EUR 153.7B, down -8.6% yoy. In seasonally adjusted term, Eurozone exports rose 6.5% mom while imports rose 4.2% mom. Trade surplus rose to EUR 20.3B, up from June’s EUR 16.0B.

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