Euro area international trade surplus narrows year-on-year in October

Euro area international trade in goods came in surplus in October. The first estimate released by Eurostat showed that exports of goods to remainder of the world came in at EUR 187.9 billion, rising 8.8 percent on a year-on-year basis. Imports from the remainder of the world rose 10.1 percent to EUR 168.9 billion. Thus, the euro area registered a surplus of EUR 18.9 billion in October, as compared with the surplus of EUR 19.2 billion recorded in October 2016. Intra-euro area trade rose to EUR 160 billion in October 2017, up 9.7 percent year-on-year.

In the January to October 2017 period, euro area exports of goods rose 7.5 percent year-on-year to EUR 1.81 trillion, while imports were up 10.4 percent to EUR 1.62 trillion. Thus, the euro area recorded a surplus of EUR 187.9 billion, as compared with EUR 213.8 billion in the January to October 2016 period. Intra-euro area trade rose 7.6 percent year-on-year in the January to October period to EUR 1.52 trillion.

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