Zone euro Balance Commerciale

The Eurozone posted a trade surplus of €16.4 billion in November of 2024, down from €18.2 billion in the same month of the previous year but beating market expectations of €8.5 billion. Exports fell by 1.6% yoy to EUR 248.3 billion, while imports decreased by 1% to EUR 231.9 billion. Regarding the whole European Union, the trade surplus narrowed to €14.3 billion from €17.2 billion in November of the previous year, as exports fell 1.2% to €223.1 billion, as reduced shipments of energy products (-16.5%), machinery & vehicles (-6.7%) more than offset a 12.9% rise in exports of chemicals & related products. Meanwhile, imports edged up by 0.1% to €208.8 billion, driven by increased purchases of food and drinks (+18.7%), raw materials (+3.9%), and other manufactured goods (+7%), which partially offset a sharp 13% decline in energy imports.