The Euro area achieved a trade surplus of €16.4 billion in November 2024, marking a positive shift in its international trade performance. According to the latest data from Eurostat, this surplus in goods trade is a significant improvement compared to the €2.8 billion deficit recorded in November 2023.

Exports from the Euro area saw a notable rise, driven primarily by stronger demand from non-EU countries. The total value of goods exported in November 2024 amounted to €217.6 billion, an increase from the €212.5 billion recorded in the same month the previous year.

Meanwhile, imports into the Euro area also experienced a decline, falling to €201.2 billion from €215.3 billion in November 2023. This reduction in imports, coupled with strong export performance, contributed to the growing surplus.

The trade surplus for the month was primarily driven by goods such as machinery, chemicals, and manufactured products, reflecting a positive trend for the region’s economy. The data indicates that the Euro area’s external trade is showing resilience despite global economic challenges.