EU trade surplus slows to €3.9b in Oct. ’24

The European Union (EU) recorded a trade surplus of €3.9 billion in October 2024, a significant decrease from the €8.4 billion surplus observed in the same month of the previous year, the Eurostat reported on Tuesday.

EU exports to the rest of the world increased by 0.9 per cent year-on-year to €227.0 billion in October 2024. However, imports grew at a faster pace, increasing by 3.0 per cent to €223.1 billion.

Similar to the trend observed in the eurozone, the EU’s trade surplus narrowed due to a decline in the surplus for chemicals and related products and an increase in the deficit for energy. These factors contributed to the overall decrease in the trade surplus from €8.2 billion in September 2024 to €3.9 billion in October 2024.

Attribution: Eurostat report

Subediting: M. S. Salama