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- Eurozone trade surplus rose sharply in September
Eurozone trade surplus rose sharply in September
Eurostat, the statistical office of the European Union, said that the first estimate for euro area (EA19) exports of goods to the rest of the world in September 2020 was €190.3 billion, a decrease of 3.1% compared with September 2019 (€196.4 bn). Imports from the rest of the world stood at €165.5 bn, a fall of 7.1% compared with September 2019 (€178.1 bn).
As a result, the euro area recorded a €24.8 bn surplus in trade in goods with the rest of the world in September 2020, compared with +€18.3 bn in September 2019. Intra-euro area trade fell to €164.2 bn in September 2020, down by 1.0% compared with September 2019.
In January to September 2020, euro area exports of goods to the rest of the world fell to €1 545.2 bn (a decrease of 11.3% compared with January-September 2019), and imports fell to €1 394.8 bn (a decrease of 12.4% compared with January-September 2019). As a result the euro area recorded a surplus of €150.4 bn, compared with +€151.0 bn in January-September 2019. Intra-euro area trade fell to €1 313.6 bn in January-September 2020, down by 11.1% compared with January September 2019.
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