The eurozone trade surplus inflated as exports recovered more than imports

The European Union statistics office Eurostit said today that the surplus in the trade balance of goods in 19 member states of the euro area reached 30.0 billion euros in October, compared to 27.2 billion dollars during the same period last year. Exports of goods increased by 2.1% in October and imports of goods increased by 1.0% in October.

On an annual basis, imports decreased by 11.7% and exports decreased by 9.0% compared to the same period last year. The European Union’s trade deficit with China grew from January to October to 151.1 billion euros, and the European Union’s trade surplus with the United States fell to 121.3 billion euros and with Britain to 87.9 billion euros.