The Eurozone's Trade Deficit Is The Highest In Nine Years.
London, Tuesday, 15 February 2022 -
The Eurozone's trade deficit in December 2021 was EUR 4.6 billion, the second highest since January 2014 and the biggest since January 2013, owing to increased energy prices and a weaker euro.
Imports increased 36.7 percent year on year to EUR 223.3 billion, the second highest level on record, owing primarily to energy, while exports increased at a slower rate of 14.1 percent to EUR 218.7 billion.
In all, the euro area's imports totalled EUR 2,305.9 billion in 2021, up 14.1 percent from 2020, while exports totalled EUR 2,434.3 billion, up 21.4 percent from 2020, resulting in a yearly trade surplus of EUR 128.4 billion.
(Research and edit by: The Decision Maker)