Eurozone Trade Surplus Shrinks Sharply
Compared with October, the surplus declined by €5.5 billion, the data indicated. Market analysts had anticipated a stronger result, forecasting the November surplus at €14.8 billion.
Exports from the eurozone to countries outside the bloc dropped by 3.4% year on year in November, totaling €240.2 billion. At the same time, imports decreased by 1.3%, amounting to €230.3 billion, reflecting softer trade flows on both sides.
Across the wider European Union, the foreign trade balance also remained positive, with the EU registering a surplus of €8.1 billion in November.
The United States remained the leading destination for EU exports, absorbing goods worth €37.4 billion. However, shipments to the US fell sharply, declining 20.3% compared with the same period a year earlier.
Exports from the EU to China edged down by 1.2% to €16.4 billion, while sales to the United Kingdom slipped 6% to reach €28.4 billion.
On the import side, China ranked as the EU’s largest supplier in November, with imports valued at €48.7 billion, marking a 3.8% annual increase. In contrast, purchases from the United States fell 7.1% to €26.7 billion.
Imports into the EU from Türkiye also experienced growth, rising by 1.1% to €8.1 billion during the month.
The eurozone, also referred to as the euro area or EA20, consists of member states that use the single currency, the euro. By contrast, the EU27 encompasses all member countries of the European Union.
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