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Euro area international trade in goods surplus €11.4 bn
The first estimates of euro area showed a €11.4 bn surplus in trade in goods with the rest of the world in January 2024, compared with a deficit of €32.6 bn in January 2023. The euro area exports of goods to the rest of the world in January 2024 were €225.9 billion, an increase of 1.3% compared with January 2023 (€222.9 bn). Imports from the rest of the world stood at €214.5 bn, a fall of 16.1% compared with January 2023 (€255.5 bn). As regards the breakdown of the euro area balance by product, the overall surplus is mainly driven by a surplus in the chemical sector, followed by machinery and vehicles. ... (full story)