Oct goods trade surplus €6.8 bn for euro area, €3.9 bn for EU

The euro area exports of goods in October this year were worth €254 billion—an increase of 2.1 per cent year on year (YoY). The area’s imports stood at €247.2 billion—a rise of 3.2 per cent YoY.

Between January and October this year, the euro area recorded a surplus of €143.3 billion compared with €22.7 billion in the corresponding period last year. The area’s exports of goods to the rest of the world during the period rose to €2,387.1 billion—an increase of 0.5 per cent YoY, and imports fell to €2,243.8 billion—a decrease of 4.6 per cent YoY.

Intra-euro area trade fell to €2,155.1 billion in January-October 2024—down by 3.1 per cent YoY.

The European Union (EU) goods trade balance showed a €3.9-billion surplus with the rest of the world in October this year compared with a €8.4-billion surplus in October last year.

Extra-EU exports of goods in October were worth €227 billion—up by 0.9 per cent YoY. Imports from the rest of the world stood at €223.1 billion—up by 3 per cent YoY.

Compared to September 2024, the EU surplus decreased from €8.2 billion to €3.9 billion in October, an Eurostat release said.

In January to October 2024, extra-EU exports of goods rose to €2,149.6 billion—an increase of 0.9 per cent YoY, and imports fell to €2,029.9 billion—a decrease of 4.6 per cent YoY. As a result, the EU recorded a surplus of €119.7 billion during the period compared with €1.1 billion in the corresponding period last year.

Intra-EU trade fell to €3,376.9 billion in the ten-month period—a drop of 2.4 per cent YoY.

ALCHEMPro News Desk (DS)