Zone euro Balance Commerciale

The Eurozone's trade surplus narrowed to €15.5 billion in December 2024 from €16.4 billion in the previous year, above market expectations of €14.4 billion. Imports rose by 3.8% from the previous year to €211 billion and exports increased by a softer 3.1% to €226.5 billion. Regarding the whole European Union, the trade surplus widened to €16.3 billion from €16.1 billion. Imports to the EU climbed 3.9% to €192.7 billion, amid higher demand for machinery & vehicles (3.5%), chemicals & related products (0.8%), and food & drink (20.5%). On the other hand, imports of energy fell by 8.9%. Meanwhile, exports rose 3.7% to €209 billion, as a rise in sales of chemicals and related products (14.3%) and other manufactured goods (3.6%) more than offset contractions in sales of energy (-10.8%) and machinery and vehicles (-1.1%). For 2024, the EU's trade surplus widened sharply to €150.1 billion from €34.4 billion.