EU’s exports totaled some $1.363 trillion, imports amounted to nearly $1.368 trillion in 7-month period, says Eurostat.
The European Union foreign trade balance posted a deficit of €4.1 billion ($4.96 billion) in the first seven months of 2018, according to the EU’s statistical office on Friday.
This January to July, the EU’s exports of goods totaled some €1.127 trillion ($1.363 trillion) with an annual hike of 3.6 percent, and the 28-member bloc’s imports from the rest of the world amounted to nearly €1.131 trillion ($1.368 trillion), up 4.5 percent on a yearly basis.
“As a result, the EU28 recorded a deficit of €4.1 billion, compared with a surplus of €6.3 billion in January-July 2017,” Eurostat said.
“Intra-EU28 trade rose to €2.05 trillion in January-July 2018, plus 5.6 percent compared with January-July 2017,” the statistical office added.
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