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- Eurozone trade surplus falls in November - Eurostat
Eurozone trade surplus falls in November - Eurostat
According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in November 2020 was €196.7 billion. Compared with November 2019 (€198.6 bn), this is a decrease of 1.0% but it nevertheless indicates a return to pre-COVID levels. Imports from the rest of the world stood at €170.9 bn, a fall of 4.2% compared with November 2019 (€178.4 bn). As a result, the euro area recorded a €25.8 bn surplus in trade in goods with the rest of the world in November 2020, compared with +€20.2 bn in November 2019. Intra-euro area trade fell to €165.4 bn in November 2020, down by 1.3% compared with November 2019.
In January to November 2020, euro area exports of goods to the rest of the world stood at €1 941.3 bn (a decrease of 10.2% compared with January-November 2019), while imports amounted to €1 735.8 bn (a decrease of 11.6% compared with January-November 2019). As a result the euro area recorded a surplus of €205.4 bn, compared with +€198.4 bn in January-November 2019. Intra-euro area trade fell to €1647.4 bn in JanuaryNovember 2020, down by 9.7% compared with January-November 2019.
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