EU ran a trade deficit of 4.2 billion euros in October

The economy of the European Union (EU) is shaken by the Omicron variant. In such an environment, the European Statistical Office (Eurostat) published the October international trade data of the EU and the Eurozone.

EU'S FOREIGN TRADE DEFICIT 4.2 BILLION EURO
Accordingly, EU exports increased by 6.4 percent to 190.7 billion euros in October compared to the same period of the previous year, while imports increased by 29.1 percent to 194.9 billion euros. Thus, the EU had a foreign trade deficit of 4.2 billion euros in October.

THE EURO REGION HAS A TRADE SURPLUS OF 3.6 BILLION EURO
In the Eurozone, exports increased by 7.3 percent to 214 billion euros in October compared to the same period of 2020, while imports amounted to 210.4 billion euros with an increase of 24.1 percent. The Eurozone's trade surplus was recorded as 3.6 billion euros in October.

In the said period, the countries that imported the most from EU countries were the USA with 36 billion euros; The countries with the highest export to EU countries were determined as China with 42.5 billion euros.