Eurozone trade holds steady in October

(Sharecast News) - The eurozone trade balance held steady in October but remained far higher than the previous year as imports fell sharply, according to data out on Tuesday from the European Union. The single-currency region saw a €18.4bn surplus in the trade of goods with the rest of the world in October, unchanged from September but €7.1bn higher than October 2024.

Some €258.0bn of goods were exported from the eurozone during the month, up 1.0% on the year before, while the value of imports fell 3.6% to €239.6bn, marking the biggest year-on-year decline in imports in at least a year.

The wider surplus was largely a result of changes in the energy sector, where the trade deficit fell to €17.0bn from €24.7bn a year earlier.

For the first ten months of the year combined, the region exported €2.463trn of goods to the rest of the world, up 2.9% over the same period of 2024, while imports are up 3.0% at €2.318trn.