BRUSSELS, May 16 Reuters Euro zone economic growth was 0.1 quarteronquarter in the first three months of the year, the EU39;s statistics agency confirmed on Tuesday, with rising employment and a sharp increase in exports that boosted the euro zone trade surplus.

Eurostat also confirmed its earlier estimate that gross domestic product in the 20 countries sharing the euro rose 1.3 yearonyear in the JanuaryMarch period and said employment grew 0.6 on the quarter for a 1.7 yearonyear rise.

While a more detailed breakdown of the GDP rise was not yet available, unadjusted trade data for the first quarter showed an 8.5 jump in exports over the same period of 2022 with unchanged imports, indicating net trade contributed to the growth.

In March the unadjusted euro zone trade balance swung to a 25.6 billion euro surplus from a 20 billion deficit in the first three months of 2022. Adjusted for seasonal swings, the March trade surplus was 17 billion euros, up from a 200 million euro deficit the month before.

The better net trade result in the first quarter came mainly from higher exports of machinery, vehicles and chemicals and a drop in imports of energy.

Imports from Russia, once a key supplier of oil and gas to the EU, were 72.1 lower in the JanuaryMarch period than a year earlier as the EU stopped buying most of its energy from Moscow following the Russian invasion of Ukraine in late February 2022.

Also the EU39;s trade deficit with China, the bloc39;s second biggest…