Eurozone Maintains USD21.6B Foreign Trade Surplus in October
The surplus remained flat compared to September's figures, according to the data released.
Eurozone exports to international markets climbed 1% year-over-year in October, reaching €258 billion, while imports declined 3.6% to €239.6 billion.
Concurrently, the EU recorded a foreign trade surplus of €14.7 billion during the same period.
The United States remained the primary destination for EU exports, receiving €40.7 billion worth of goods—a 14.7% annual decline.
EU exports to China decreased 3.3% over the same timeframe to €16.7 billion, while shipments to the UK fell 3% to €30.5 billion.
China served as the largest source of EU imports in October, supplying €49.2 billion in goods, representing a 4.4% year-over-year drop.
In contrast, imports from Türkiye experienced a 0.5% uptick, totaling €9.3 billion.
The eurozone, also designated as EA20, encompasses member states utilizing the bloc's unified currency, the euro. The EU27 designation includes all member nations regardless of currency adoption.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
