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Euro zone posts February trade surplus

The euro zone logged a trade surplus with the rest of the world of €2.8 billion in February 2012, after a deficit of €7.9 billion in January.

Seasonally-adjusted exports from the euro zone in February rose by 2.4% and imports by 3.5% compared to the previous month, Eurostat agency said.

One year earlier, the euro zone had registered a deficit of €2.8 billion.

Across the 27-state EU, which includes non-euro giant Britain and also Poland, the February trade deficit came in at €9.4 billion, down from €23.5 billion in January. The figure for February 2011 was €10.5 billion.

Detailed numbers for January showed that the EU logged a bigger trade surplus with the US than one year earlier (€5.9 billion compared to €4.1 billion) and a smaller deficit with China (€14.7 billion as against €15.8 billion).

Germany had the biggest surplus in January, of €13.1 billion, while Britain the largest deficit (€11.6 billion).