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EU posted a foreign trade deficit of 38.2 billion euros in October

The European Union (EU) had a total foreign trade deficit of 38.2 billion euros in October. In the said period, the countries that imported the most from EU countries were USA with 44.9 billion Euros, England with 28.8 billion Euros, China with 19.4 billion Euros, Switzerland with 17.1 billion Euros and Turkey with 8.6 billion Euros. determined.

The European Statistical Office (Eurostat) has released the October international trade data of the EU and the Eurozone.

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Accordingly, EU exports increased by 18 percent to 225.2 billion Euros in October compared to the same period of the previous year, while imports increased by 33.1 percent to 263.4 billion Euros. Thus, the EU’s foreign trade deficit became 38.2 billion euros in October.

In the Eurozone, exports increased by 18 percent to 252.8 billion Euros in October compared to the same period of 2021, while imports amounted to 279.3 billion Euros, an increase of 30.7 percent. The Eurozone’s trade deficit was recorded as 26.5 billion euros in October.

In the said period, the countries that imported the most from EU countries were USA with 44.9 billion Euros, England with 28.8 billion Euros, China with 19.4 billion Euros, Switzerland with 17.1 billion Euros and Turkey with 8.6 billion Euros. determined.

The countries that export the most to EU countries are China with 55.6 billion Euros, USA with 33.8 billion Euros, England with 18.8 billion Euros, Russia with 13.1 billion Euros, Norway with 12.8 billion Euros, 11, Switzerland with 8 billion euros and Turkey with 9.1 billion euros.

 

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The foreign trade deficit of the EU and the Eurozone is mainly due to the rapid increase in the cost of imported energy products.

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