Euro zone trade surplus jumps more than expected in October

Energy trade is one of the main drivers of the European Union (EU) trade balance. The EU exports increased by 4.1% and imports decreased by 3.2% leading to EU trade surplus rising to 28.0 billion Euros ($30.9 billion) in October 2019 from 13.2 billion in October 2018. The EU Energy imports reduced by 7.7% between January to October 2019, reducing energy trade gap to 228.8 billion Euros from 246.7 billion in 2018. The euro zone exports increased by 2.1% and imports reduced by 0.9% leading to trade surplus increasing from 18.7 billion in September 2019 to 24.5 billion euro in October 2019.
Reuters