Eurozone generates €16.4-billion goods trade surplus with rest of world in November, down from €18.2 billion one year ago

eurozona superavit comercial

Link Securities | According to the first estimate of the data, released yesterday by Eurostat, the Eurozone economy generated a trade surplus in goods with the rest of the world of €16.4bn in November, compared to a surplus of €18.2bn generated in the same month in 2023 and up from €8.6bn in October. The FactSet consensus of analysts expected a lower reading of €9.0 billion. Eurozone exports of goods to the rest of the world amounted to €248.3 billion in November, down 1.6% year-on-year. On the other hand, imports from the rest of the world amounted to €231.9 billion in November, a fall of 1.0% compared with November 2023.

In the January-November period (11M2024), the Eurozone recorded a surplus of €161.9 billion, compared to €40.9 billion in the same period of 2023. In 11M2024, exports of goods from the Eurozone to the rest of the world amounted to €2,636.8 billion (up 0.3% year-on-year), while imports fell to €2,474.9 billion (down 4.3% year-on-year). In this period, intra-regional trade in the Eurozone fell to €2,372.1 billion (down 3.4% year-on-year).

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.