Eurozone exports of goods to the rest of the world fell -2.3% yoy to EUR 241.9B in May. Imports fell -12.8% yoy to EUR 242.2B. Trade balance reported EUR -0.3B deficit. Intra-Eurozone trade fell -5.7% yoy to EUR 226.3B.
In seasonally adjusted term, exports rose 2.9% mom to EUR 239.1B. Imports fell -0.1% mom to EUR 240.0B. Trade deficit narrowed to EUR -0.9B, much smaller than expectation of EUR -10.3B. Intra-Eurozone trade fell from April’s 221.6B to EUR 221.1B.
