Eurozone exports to rest of the world dropped -11.4% yoy to EUR 163.1B in January. Exports to rest of the world dropped -14.1% yoy to EUR 156.8B. Trade surplus rose EUR 1.5B over the year to EUR 6.3B. Intra Eurozone trade dropped -3.9% yoy to EUR 159.7B.
In seasonally adjusted term, Eurozone exports dropped -2.8% mom while imports dropped -1.3% mom. Trade surplus shrank to EUR 24.2B, below expectation of EUR 28.3B.
