EU posts $2.8B trade deficit in January

ANKARA

The EU's foreign trade deficit posted a €2.6 billion ($2.8 billion) in January, compared with €3.7 billion ($4 billion) in the same month in 2019, the bloc's statistical office revealed on Wednesday.

According to Eurostat, the first estimate for extra-EU27 exports of goods in January 2020 was €166.5 billion, up 0.4% compared with €165.8 billion in January 2019.

Intra-EU27 trade fell to €255.3 billion in January 2020, down 0.9% compared with the same month last year.

"Imports from the rest of the world stood at €169.0 billion, down by 0.2% compared with €169.3 billion in January 2019," it said.