The European Statistics Office (Eurostat) has released international trade data for January 2022 from the EU and eurozone.
Accordingly, EU exports increased by 19.6 percent to 178.2 billion euros in January compared to the same period last year, and imports rose 52.4 percent to 214.2 billion euros. Thus, the European Union voted to open a foreign trade deficit of 36 billion euros in the first month of the year.
In the Eurozone, exports rose 18.9 percent to 199.5 billion euros and imports increased by 44.3 percent to 226.7 billion euros in January compared to the same period in 2021. The eurozone’s trade deficit was recorded at 27.2 billion euros in January.
The countries that imported the most from EU countries during the period were the United States with 35.4 billion euros, the United Kingdom with 23.3 billion euros, China with 16.2 billion euros, Switzerland with 12.9 billion euros, Russia with 7.1 billion euros and Turkey with 6.4 billion euros.
The countries that exported the most to EU countries were China with 50 billion euros, the United States with 21.8 billion euros, Russia with 19 billion euros, the United Kingdom with 13.8 billion euros, Norway with 10.4 billion euros, Switzerland with 10.3 billion euros and Turkey with 8 billion euros.
