The data from the European Bureau of Statistics showed that the Euro zone's surplus of commodities traded with the rest of the world fell less than expected in June, pointing out that the Eurozone could beat international trade tensions better than expected.
While fears of a trade war between the EU and the United States eased in the second quarter, these concerns subsided after US President Donald Trump and European Commission President Jean-Claude Junker signed an agreement last month.
Eurozone countries posted a trade surplus of 22.5 billion euros in June, down from 25.7 billion euros in the same period last year, but much higher than the 18 billion euros the markets had expected. Imports to the Eurozone rose by 8.6 percent in June, while exports rose by 5.7 percent.
For the European Union, exports to the United States rose by 3.9% in the first half of 2018, while imports fell by 2.4%, widening the EU trade surplus with its largest trading partner.
