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

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)