EU exports and imports both rose sharply on a yearly basis in May, by 32.8% and 33.7% respectively, official figures showed on Friday.
The 27-member bloc’s exports totaled €172.3 billion ($203.5 billion), while imports amounted to €164.4 billion, said the statistical authority Eurostat.
The union’s trade balance posted a surplus of €7.9 billion.
Intra-EU trade also soared 41.6% to €276.9 billion in the month compared to May 2020, one of the heights of the coronavirus pandemic.
During the first five months of this year, the EU’s exports rose 12% to reach €860.2 billion, while imports climbed 11% to reach €791.1 billion.
China was the bloc’s main trade partner this January-May, with €92.5 billion in imports from the union and €174.6 billion in exports.
Country-to-country trade balances indicated that the EU had incurred the largest deficit with China – €82.1 billion – and the highest surplus with the US – €66.9 billion – over the same period.
Turkey was the union’s sixth-largest trade partner during the five-month period, with €32.2 billion in imports from the union and €30.6 billion in exports.
On the eurozone side, extra-EA exports jumped 31.9% to €188.2 billion in May, while the trade surplus was €7.5 billion.
The eurozone/euro area or the EA19 represents the member states that use the euro as their single currency, while the EU27 includes all member countries of the bloc.
Copyright 2021 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.