Eurozone trade surplus narrows to €6.8b in Oct. ’24

The eurozone recorded a trade surplus of €6.8 billion in October 2024, a decline from the €9.4 billion surplus recorded in the same month of the previous year, as per data published by Eurostat on Tuesday.

Eurozone exports to the rest of the world increased by 2.1 per cent year-on-year to €254.0 billion in October 2024. However, imports also grew at a faster pace, increasing by 3.2 per cent to €247.2 billion.

The narrowing of the trade surplus in October 2024 compared to September 2024 was primarily due to a decrease in the surplus for chemicals and related products, as well as machinery and vehicles.

Attribution: Eurostat’s report

Subediting: M. S. Salama