Sharp fall in eurozone trade surplus – €26 billion since March last year – reflects rise in oil prices
Analysis by Karsten Junius Higher oil prices are taking their toll on the eurozone’s trade balance. In March, the surplus fell by €3 billion compared with February and by €26 billion compared with March last year. Relatively weak exports in the eurozone’s main export sectors—machinery and vehicles, as well as chemicals and related products—also contributed to the decline in the trade surplus. The persistence of high commodity prices suggests that…
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