Eurozone Maintains Trade Surplus in October
This figure remained consistent with the previous month, the statistics indicated.
Exports from the eurozone to countries outside the region grew by 1% year-on-year in October, reaching €258 billion, while imports fell by 3.6% to €239.6 billion.
At the same time, the European Union reported a foreign trade surplus of €14.7 billion.
The United States continued to be the top destination for EU exports, with shipments totaling €40.7 billion, marking a 14.7% decline compared to last year.
Exports from the EU to China dropped 3.3% over the same period to €16.7 billion, and trade with the United Kingdom fell 3% to €30.5 billion.
China remained the EU’s largest source of imports in October, bringing in €49.2 billion worth of goods, down 4.4% year-on-year.
Meanwhile, imports from Türkiye increased slightly by 0.5%, totaling €9.3 billion.
For clarity, the eurozone (or euro area, EA20) refers to member states that utilize the euro as their currency, whereas the EU27 includes all member nations of the European Union.
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