Market Updates: Eurozone International Trade in Goods Surplus €19.0 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2018 was 203.0 billion, an increase of 1.9%.


As per the recent reports from Eurostat, the first estimate for Euro area (EA19) exports of goods to the rest of the world in November 2018 was 203.0 billion, an increase of 1.9% compared with November 2017 (199.2 bn).

Imports from the rest of the world stood at 184.0 bn, a rise of 4.7% compared with November 2017 (175.7 bn). As a result, the Euro area recorded a 19.0 bn surplus in trade in goods with the rest of the world in November 2018, compared with +23.4 bn in November 2017. Intra-Euro area trade rose to 170.5 bn in November 2018, up by 1.5% compared with November 2017.

Good thing is, our forex trading signal on the EUR/USD hit take profit before the release of the news, which drove Euro in the opposite direction.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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