Eurozone Reports USD195.1B Foreign Trade Surplus
Cross-border sales from the currency bloc climbed 2.4% year-over-year to €2.93 trillion, while incoming goods purchases accelerated 2.7% to €2.77 trillion, according to the regional statistics office's latest data release.
The broader EU logged a €133.5 billion external trade surplus for the same period.
December trade dynamics showed the euro area securing a €12.6 billion monthly surplus, driven by exports advancing 3.4% and imports climbing 4.2% on an annual basis.
The United States remained the top destination for EU exports in December despite a sharp 12.6% annual contraction to €37.1 billion. By contrast, EU shipments to China surged 11.5% to €18.4 billion, while sales to the United Kingdom expanded 8.4% to €26 billion during the same month.
China dominated as the largest source of EU imports in December, representing €45.2 billion worth of goods—a 10.2% year-over-year increase. Imports from the US edged up 1.6% to €27.8 billion, while goods from Türkiye rose 2.3% to €8.2 billion.
The EA21 eurozone encompasses member states utilizing the euro currency, whereas the EU27 includes the bloc's full membership.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
