Trade Surplus Declines to €7.3B in the Euro Area, €0.5B in the EU in Sept.

Source: Eurostat

International trade in goods in the euro area reached a surplus of 7.3 billion euros, declining from a surplus of 24.1 billion euros in the prior year. DAX is up +0.15%, EURUSD is up +0.05%.

• The decline in trade surplus in the euro area reflected a higher 21.6% increase in imports, compared to a 10.0% jump in exports. Intra-euro area trade increased by 16.4% from the prior year to 191.5 billion euros.
• Trade surplus in the January to September period was 131.9 billion euros, a decline from 151.2 billion euros in the same period last year. Intra-euro trade rose by 19.7% to 1,580.6 billion in the same period. 
• In the European Union, trade surplus was recorded at 0.5 billion euros, a decline from 23.7 billion euros in the prior year. 
• EU imports rose by 26.5% from the prior year to 186.4 billion euros, while exports increased by 9.4% to 186.9 billion euros in the same period. Intra-EU trade was up 14.0% to 299.1 billion euros.
• In the January to September period, trade surplus was recorded at 92.0 billion euros in the EU, down from 134.2 billion euros in the same period of 2020.