Euro area international trade in goods surplus €16.4 bn in Nov 2024

The first estimates of euro area balance showed a €16.4-billion surplus in trade in goods with the rest of the world in November last year compared with a €18.2-billion in the same month in 2023 and €8.6 billion in October 2024, according to Eurostat.

The euro area exports of goods to the rest of the world in November 2024 were worth €248.3 billion—a year-on-year (YoY) decrease of 1.6 per cent; imports stood at €231.9 billion in the month—a YoY drop of 1 per cent.

The euro area exports of goods to the rest of the world in November 2024 were worth €248.3 billion—a YoY decrease of 1.6 per cent; imports stood at €231.9 billion in the month—a YoY drop of 1 per cent.
The extra-European Union goods exports in November last year were worth €223.1 billion—down by 1.2 per cent YoY; imports stood at €208.8 billion—up by 0.1 per cent YoY.

In January to November 2024, the euro area recorded a goods trade surplus of €161.9 billion compared with €40.9 billion in the corresponding period in the preceding year. The euro area exports of goods during the eleven-month period rose to €2,636.8 billion—a YoY increase of 0.3 per cent, and imports fell to €2,474.9 billion—a YoY decrease of 4.3 per cent.

Intra-euro area trade fell to €2,372.1 billion during the period—down by 3.4 per cent YoY.

The European Union (EU) goods trade balance showed a €14.3 billion surplus with the rest of the world in November 2024 compared with a €17.2-billion surplus in November 2023 and a €5-billion surplus in October 2024.

The extra-EU goods exports in November last year were worth €223.1 billion—down by 1.2 per cent YoY; imports stood at €208.8 billion—up by 0.1 per cent YoY.

In January to November 2024, extra-EU exports of goods rose to €2,375 billion—an increase of 0.8 per cent YoY, and imports fell to €2,239.2 billion—a decrease of 4.2 per cent YoY.

As a result, the EU recorded a surplus of €135.8 billion during the period compared with €18.3 billion in the corresponding period in 2023.

Intra-EU trade fell to €3,722.2 billion in the first eleven months last year—a drop of 2.6 per cent YoY.

Fibre2Fashion News Desk (DS)

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