EU's global trade surplus  increased by nearly 60% in March

Exports from the European Union to the US surged to €71.4bn last month, according to the latest  figures from Eurostat

Eurostat said the EU’s trade surplus was primarily driven by the positive balance of the chemicals and related products group, which experienced a year-over-year rise of €20bn.

The EU’s trade surplus with the rest of the world increased by nearly 60% during March after exports to the US alone surged to €71.4bn, new data from Eurostat shows.

Last month, the EU exported goods valued at €254.8bn — up from €221.2bn in March 2024 — to countries around the world and imported €219.5bn, up from €198.9bn. This resulted in a trade surplus of €35.3bn, compared to €22.3bn last year.