• Eurozone trade surplus increased sharply in October

Market news

17 December 2019

Eurozone trade surplus increased sharply in October

According to the report from Eurostat, the first estimate for euro area (EA19) exports of goods to the rest of the world in October 2019 was €217.9 billion, an increase of 4.1% compared with October 2018 (€209.3 bn). Imports from the rest of the world stood at €189.9 bn, a fall of 3.2% compared with October 2018 (€196.1 bn). As a result, the euro area recorded a €28 bn surplus in trade in goods with the rest of the world in October 2019, compared with +€13.2 bn in October 2018. Intra-euro area trade fell to €174.9 bn in October 2019, down by 1.4% compared with October 2018.

In January to October 2019, euro area exports of goods to the rest of the world rose to €1 959.8 bn (an increase of 3.1% compared with January-October 2018), and imports rose to €1 776.6 bn (an increase of 2% compared with January-October 2018). As a result the euro area recorded a surplus of €183.2 bn, compared with +€160.5 bn in January-October 2018. Intra-euro area trade rose to €1 647.7 bn in January-October 2019, up by 1.2% compared with January-October 2018.

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