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Eurozone Maintains USD21.6B Foreign Trade Surplus in October
(MENAFN) The eurozone maintained a €18.4 billion) foreign trade surplus in October, Eurostat, the region's statistical authority, announced Tuesday.
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.
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.
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