The euro zone registered a trade deficit of 34.4 billion euros in September, with the increase in imports due to high energy costs, according to data released this Tuesday, 15, by Eurostat, the statistics agency of the European Union.
The euro zone’s trade deficit in September reverses a surplus of 6.7 billion euros in the same period last year, Eurostat said. There was, however, a drop in relation to the record deficit of August, of 47.3 billion euros.
The deficit was driven by a jump in imports, which rose 44.5% on the year to 294.0 billion euros. Exports also increased, albeit at a slower pace of 23.6% to 259.6 billion euros.
On a monthly basis, eurozone exports increased by a seasonally adjusted 1.6%, while imports decreased by 2.0%.
Data for the EU showed the energy trade deficit widened to 491.4 billion euros in the first nine months of the year, compared with a deficit of 179.6 billion euros in the same period last year, underscoring higher costs. high levels of imported energy since the outbreak of war in Ukraine.
Source: CNN Brasil
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