BRUSSELS, Sept. 16 (UPI) — The 17-nation eurozone posted a $5.9 billion trade surplus in July, a decrease from July 2010 but a slight increase from June 2011, Eurostat said.
The surplus was $138 million higher than June 2011, Eurostat said. It was $500 million lower than July 2010, however.
In the larger 27-member European Union, the trade balance for July was an $11 billion deficit, a slightly wider gap than the $10.3 billion deficit of July 2010.
The European Union posted trading surpluses in July with the United States, Turkey and Switzerland. The region posted trade deficits with China, Russia, Norway, Japan and South Korea.
The largest January through June surplus, Eurostat said, was recorded by Germany with a positive balance of $108.3 billion. The largest deficit for the region was posted by Britain with a trading gap of $77.3 billion.