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Eurozone trade surplus rises in October
According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in October 2020 was €199.3 billion, a decrease of 9.0% compared with October 2019 (€219.0 bn). Imports from the rest of the world stood at €169.3 bn, a fall of 11.7% compared with October 2019 (€191.8 bn). As a result, the euro area recorded a €30.0 bn surplus in trade in goods with the rest of the world in October 2020, compared with +€27.2 bn in October 2019. Intra-euro area trade fell to €166.1 bn in October 2020, down by 6.8% compared with October 2019.
In January to October 2020, euro area exports of goods to the rest of the world fell to €1 744.0 bn (a decrease of 11.1% compared with January-October 2019), and imports fell to €1 564.0 bn (a decrease of 12.4% compared with January-October 2019). As a result the euro area recorded a surplus of €180.1 bn, compared with +€178.2 bn in January-October 2019. Intra-euro area trade fell to €1 478.4 bn in January-October 2020, down by 10.8% compared with January-October 2019.
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