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Euro area goods exports up 0.6% YoY in Sept; figure for EU up 0.8% YoY

Published: 2024-11-28

INSIGHTS

  • Euro area goods exports in September were worth $251.83 billion—a YoY rise of 0.6 per cent, while the zone's imports were worth $238.6 billion—a fall of 0.6 per cent YoY, according to the first estimates released recently by Eurostat.
  • Goods exports from the EU in September were worth $225.14 billion—up by 0.8 per cent YoY, while imports stood at $215 billion—down by 0.3 per cent YoY.
Euro area goods exports in September this year were worth €237.8 billion ($251.83 billion)—an increase of 0.6 per cent year on year (YoY), while the zone’s imports were worth €225.3 billion ($238.6 billion)—a fall of 0.6 per cent YoY, according to the first estimates released by Eurostat, the statistical agency of the European Union (EU).

 

The euro area trade surplus in the month increased significantly compared to August this year, from €4.1 billion to €12.5 billion. It was €9.8 billion in September last year.

In the first three quarters this year, the euro area recorded a trade surplus of €140.8 billion compared with €13.9 billion in the same period last year. Its exports during that nine-month period rose to €2,136.7 billion—a YoY rise of 0.4 per cent, while imports fell to €1,995.8 billion—a YoY decrease of 5.6 per cent.

Intra-euro area trade fell by 3.4 per cent YoY to €1,931.9 billion in January-September 2024, an Eurostat release said.

Goods exports from the European Union (EU) in September were worth €212.6 billion ($225.14 billion)—up by 0.8 per cent YoY, while imports stood at €203.1 billion (~$215 billion)—down by 0.3 per cent YoY.

Compared to August 2024, the EU trade balance increased significantly in September—from a deficit of €1.9 billion to a surplus of €9.6 billion. The EU trade surplus was €7.3 billion in September 2023.

In the first three quarters this year, extra-EU exports of goods rose to €1,922.1 billion—a YoY increase of 0.9 per cent, while imports fell to €1,803.3 billion—a YoY decrease of 5.7 per cent. As a result, the EU recorded a surplus of €118.7 billion, compared with a deficit of €6.7 billion in the nine-month period.

Intra-EU trade fell to €3,023.5 billion in January-September 2024—a YoY decrease of 2.6 per cent.

Fibre2Fashion News Desk (DS)

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