Eurozone Handelsbilanzsaldo

The Eurozone recorded a trade surplus of €6.8 billion in October of 2024, narrowing from the €9.4 billion in the previous year and below market expectations of €11.7 billion. Imports to the currency bloc rose by 3.2% from the previous year to €247.2 billion. In turn, exports from the bloc rose by a softer 2.1% annually to €254 billion, aligned with recent concerns of slowing manufacturing sectors within the Eurozone’s largest economies. Regarding the whole European Union, the trade balance narrowed sharply to €3.9 billion from €8.4 billion in October of the previous year. Imports to the EU expanded by 3% to €223.1 billion, amid higher demand for raw materials (13.1%), chemicals and related products (16.4%), and food and drink (21.1%). In turn, exports rose a softer 0.9% to €227 billion, with contractions in sales of energy (-29%) and machinery and vehicles (-4.7%) offsetting a rise in sales of chemicals and related products (10.6%) and other manufactured goods (4.3%).