The eurozone’s unadjusted trade balance saw an 8.5% jump in exports in 1Q 2023, alongside flat import growth, according to a report by the EU’s statistics agency Eurostat (pdf). The region saw a EUR 25.6 bn trade surplus in March, as opposed to a deficit during the same period in 2022, according to a separate trade report (pdf). The boost in trade balance came on the back of higher exports of machinery, vehicles, and chemicals, as well as a drop in energy imports.

J&T Express unit to acquire Chinese SF Express subsidiary to boost e-commerce presence:J&T Express subsidiary J&T Express (Shenzhen) Supply Chain will acquire China’s ShenzhenFengwang Holdings subsidiary, Shenzhen Fengwang Information Technology, through a share transfer agreement for RMB 1.2 bn (USD 170 mn), according to a company statement. The company will acquire Fengwang Express in a bid to enhance its integrated service capabilities and to boost its competitive advantage in the e-commerce delivery sector, the statement said.

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