Eurozone sees $21.6B trade surplus in October, unchanged from September

• EU exports to US down 14.7% on annual basis, while shipments to China fall 3.3%

ISTANBUL

The eurozone posted a €18.4 billion ($21.6 billion) foreign trade surplus in October, the region’s statistical bureau Eurostat said on Tuesday.

The figure was unchanged compared to the previous month, the data showed.

The eurozone's exports to the rest of the world rose 1% year-on-year in October to €258 billion, while imports dropped 3.6% to €239.6 billion.

Meanwhile, the EU saw a foreign trade surplus of €14.7 billion.

The US continued to be the largest recipient of EU exports, with €40.7 billion, down 14.7% on an annual basis.

EU's exports to China fell 3.3% in the same period to €16.7 billion, and exports to the UK were down 3% to €30.5 billion.

China was the largest importer to the EU in October, accounting for €49.2 billion, down 4.4% year-on-year.

Meanwhile, imports from Türkiye rose 0.5% to reach €9.3 billion.

The eurozone/euro area, or EA20, represents member states that use the bloc's single currency, the euro, while the EU27 includes all of its members.