May 16, 2021

The eurozone trade surplus drops to 19,000 million euros in November

The eurozone trade surplus drops to 19,000 million euros in November



The international trade of goods of the eurozone with the rest of the world recorded a surplus of 19,000 million euros in November, which represents a decrease of 17.4% compared to the same month of 2017, reported today the office of Community statistics, Eurostat .

In November 2018, the nineteen countries that share the euro as currency exported goods worth 203,000 million euros to the rest of the world, 1.9% more than in the same month of the previous year, while their imports were in 184,000 million euros, 4.7% more than in November 2017.

Trade between eurozone countries increased to 170,500 million euros in November, which represents a growth of 1.5% over the same month of 2017.

In the first eleven months of 2018, exports from the eurozone to the rest of the world grew by 4.2% compared to the same period of 2017 and stood at 2,098 billion euros, while imports reached 1,923 billion euros, which represents an increase of 6.6% compared to the first eleven months of 2017.

As a result, the eurozone registered a surplus of 175,200 million euros between January and November 2018, 16.7% lower than that achieved in the same period of the previous year.

In this same period, domestic trade of the nineteen countries that share the single currency amounted to 1,797 billion euros, 5.7% more than the previous year.

As for all the member states of the European Union (EU), its international trade in goods with the rest of the world registered a deficit of 3,200 million euros in November 2018, compared to the surplus it reached in the same month of 2017 .

This result is due to the fact that exports of the Twenty-eight were 172,700 million euros in November 2018, 2.6% more than in the same fiscal year of 2017, while imports of goods reached a value of 175,900 million euros. euros, 7.6% higher than the same month of the previous year.

The internal trade of the community partners increased to 313,100 million euros in November last year, 2.5% more than in the same year of 2017.

In the first eleven months of 2018, exports of goods from EU countries to the rest of the world stood at 1.8 trillion euros, 4.7% more than in the same period of the previous year, while imports were 2.825 billion, 6.7% more.

As a result, the Twenty-eight registered a deficit of 25,200 million euros between January and November of 2018, compared to the surplus of 9,000 million registered in the same period of the previous year.

Trade among community partners increased to 3.256 billion in the first eleven months of the year, 5.3% more than between January and November of the previous year.

Regarding EU trade with its main partners, the Twenty-eight registered in January and November 2018 a surplus of 129,000 million euros with the United States, 20% more than in the same period of 2017.

With China, however, there was a deficit of 169,900 million between the first eleven months of 2018, 3% higher than that reached in the same year last year.

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