EU’s foreign trade declined in September


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EUs foreign trade declined in September
EU’s foreign trade declined in September

The European Union’s (EU) foreign trade fell in September, when new types of coronavirus (Covid-19) measures were widely implemented.

The European Statistical Office (Eurostat) published international trade data for the EU and the Eurozone in September.

Accordingly, EU exports fell 3.8 percent to 171 billion euros in September compared to the same period last year, and imports fell 8.9 percent to 146.5 billion euros.

Thus, the EU realized a trade surplus of approximately 24.5 billion euros in September.

Exports in the Eurozone contracted by 3.1 percent in September compared to the same month of last year to 190.3 billion euros, and imports fell 7.1 percent to 165.5 billion euros.

The Eurozone’s trade surplus reached nearly 24.8 billion euros in September.

In the period in question, the countries that imported the most from EU countries were the USA with 31 billion Euros, the UK with 26.1 billion Euros, China with 17.5 billion Euros, Switzerland with 12.7 billion Euros, Russia with 7.2 billion Euros, 6, with 6 billion euros in Turkey and was Japan with 4.6 billion euros.

The countries with the highest exports to EU countries are China with 33 billion Euros, the USA with 17.7 billion Euros, the UK with 14.6 billion Euros, Switzerland with 8.7 billion Euros, Russia with 7 billion Euros and 5.7 billion Euros. Turkey and Japan was determined to be at 4.2 billion euros.

Meanwhile, Turkey’s exports to the EU in January-September decreased by 0.8 percent compared to the previous year’s same period to 49.3 billion euros, while imports decreased by 13.6 percent fell to 45 billion euros.

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