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Eurozone goods trade surplus climbs in November 2018

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Eurozone goods trade surplus climbs in November 2018

The eurozone's seasonally adjusted goods trade surplus edged up to €15.1 billion in November 2018 from €13.5 billion recorded in the previous month, data from Eurostat showed.

Exports declined by 1.0% month over month to €192.1 billion, while imports were down by 1.9% to €177.0 billion. Intra-eurozone trade fell to €162.2 billion from €165.3 billion in October 2018.

On an unadjusted basis, the eurozone posted a goods trade surplus of €19.0 billion in November 2018, compared with €23.4 billion in the same month a year ago. Exports ticked up by 1.9% year over year to €203.0 billion and imports rose by 4.7% to €184.0 billion.

For the first 11 months of 2018, the goods trade surplus stood at €175.2 billion, compared with €210.4 billion in the year-ago period. Intra-eurozone trade edged up by 5.7% to €1.797 trillion.