Eurozone exports fell by 6.2 percent in March compared to a year earlier, under pressure from the corona crisis. The European statistics agency Eurostat announced this.
Imports from the nineteen euro countries shrank by 10.1 percent year-on-year. The trade surplus amounted to 28.2 billion euros.
The eurozone economy contracted by 3.8 percent in the first quarter of this year due to the corona crisis. This is evident from a second estimate by the European statistics agency Eurostat that corresponds to an earlier estimate.
It is the strongest shrinkage since the beginning of the measurements. In the fourth quarter of 2019, the euro area economy of eighteen countries grew by 0.1 percent compared to the previous period.
The European Union shrank by 3.3 percent.