Brussels: The European statistics office Eurostat announced a significant trade surplus for the eurozone in September, totaling £19.4 billion. This development is attributed largely to a rise in exports to the United States, following the initial phase of the transatlantic trade agreement.
According to Jordan News Agency, data from Eurostat's official website revealed that eurozone exports reached £256.6 billion in September, marking a 7.7 percent increase compared to the same period last year. Imports also rose to £237.1 billion, a growth of 5.3 percent.
The report highlighted that exports from the EU to the United States surged to £53.1 billion, reflecting a 15.4 percent increase, with the U.S. emerging as the fastest-expanding market for European products. Conversely, U.S. imports from Europe amounted to £30.9 billion.
In a contrasting trend, European exports to China experienced a decline of 2.5 percent during September. The chemical industry played a pivotal role in enhancing the trade surplus, contributing £26.9 billion to the European Union's overall trade balance.