4 January 2001, 15:01 Euro zone Oct trade surplus 3.7 bln euros vs Sep deficit 0.4 bln
By BridgeNews
Brussels--Jan. 4--The euro zone had a trade surplus of 3.7 billion
euros in October, compared with a revised deficit of 0.4 billion euros in
September, according to first estimates published Thursday by Eurostat.
The total euro-zone surplus for the year to date is now 11.3 billion
euros, compared with 44.7 billion euros for 1999.
Eurostat earlier reported the euro zone as having a trade surplus of
3.3 billion euro in September.
Eurostat said the first estimate for the EU-15 trade in October showed
a deficit of 5.8 billion euros, compared with a revised deficit of 8.9
billion euros in September and a deficit of 0.6 billion in Oct. 1999.
Euro-zone exports were 22% higher in October this year than in the
same month last year and imports were 29% higher, boosted by higher oil
import prices. On a year-to-date basis, exports were 21% higher and
imports 28% higher.
Germany continued to have the largest surplus (40.6 billion) and
Ireland (thanks to exceptional growth) had the second biggest at 21.3
billion with the value of exports 50% bigger than imports. The UK had the
largest deficit at 46.8 billion, followed by Spain (28.9 billion) and
Greece (13.8 billion).
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