Euro area goods exports fall 2.4% YoY in Oct, EU figure down 1.4% YoY

As a result, the euro area recorded a €11.1-billion surplus in trade in goods with the rest of the world in October compared with a deficit of €28.7 billion in the same month last year.

Intra-euro area trade fell to €221.1 billion in October this year—down by 8.8 per cent YoY, an official release said.

Between January and October this year, euro area exports of goods fell to €2,367.1 billion, a decrease of 0.2 per cent YoY, and its imports fell to €2,339.5 billion, a decrease of 12.7 per cent YoY.

As a result, the euro area recorded a surplus of €27.6 billion in trade in goods with the rest of the world compared with a deficit of €308 billion in the same duration last year.

Intra-euro area trade fell to €2 210.4 billion during the ten-month period—down by 4.3 per cent YoY.

The first estimate for exports of goods from the European Union (EU) in October was €222.7 billion, down by 1.4 per cent YoY. Imports to the bloc were worth €213.3 billion, down by 19.6 per cent YoY.

As a result, the EU recorded a €9.4 billion surplus in trade in goods with the rest of the world in October compared with a deficit of €39.5 billion in the same month last year.

Intra-EU trade fell to €350.5 billion in October, a drop of 6.1 per cent YoY.

In January to October this year, extra-EU exports of goods rose to €2,124.8 billion, an increase of 0.5 per cent YoY, and imports fell to €2,119.2 billion, a drop of 15.7 per cent YoY.

As a result, the EU recorded a surplus of €5.5 billion compared with €399.3 billion in the same duration last year.

Intra-EU trade fell to €3 443.3 billion in the ten-month period, a drop of 2.5 per cent YoY.

In October, 17 EU member states registered decreases in exports compared with the same month last year, while ten witnessed increases.

The picture was slightly different for imports. In October, all EU members states except Slovakia and Cyprus registered decreases compared to October last year.

ALCHEMPro News Desk (DS)