The European Union (EU) reported a trade deficit of 5.4 billion euros in January. Eurostat, the statistical office of the European Union, released the international trade data for both the EU and the Eurozone for January. According to the report, the EU’s exports increased by 4.4% in January compared to the same month last year, reaching 208.7 billion euros, while imports rose by 10.9% to 214.1 billion euros. Consequently, the EU recorded a trade deficit of 5.4 billion euros in that month. In the Eurozone, exports in January increased by 3% to 232.5 billion euros compared to the same month in 2024, with imports showing a 7.6% increase to 231.5 billion euros. This resulted in a trade surplus of 1 billion euros for the Eurozone in January. Among the countries importing the most from EU countries during this period were the United States with 46.7 billion euros, the United Kingdom with 28.1 billion euros, Switzerland with 17.2 billion euros, China with 14.8 billion euros, and Turkey with 8.8 billion euros. The countries that exported the most to EU countries were China with 44.8 billion euros, the United States with 30.5 billion euros, the United Kingdom with 12.9 billion euros, Switzerland with 11.6 billion euros, and Turkey with 9.2 billion euros.
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