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EU records $9.5B foreign trade deficit in November 2021

14 January 2022 19:20 (UTC +04:00)

The European Union’s foreign trade balance saw an €8.3 billion ($9.5 billion) deficit in November 2021, the bloc’s statistical authority said on Friday, APA reports citing Anadolu Agency.

The figure marked a slump from a surplus of €24.5 billion in November 2020, Eurostat data showed.

The 27-member bloc’s exports to the rest of the world rose 13.8% year-on-year to reach €201.4 billion in November, while imports were up 37.6% to €209.7 billion.

Intra-EU trade climbed 19.8% on an annual basis to €321.9 billion.

From January to November 2021, the EU’s exports to the world hit nearly €2 billion, a rise of 12.8% from the corresponding period of 2020, while imports were up 21.2% to €1.9 billion.

“As a result, the EU recorded a surplus of €78.8 billion, compared with €186.5 billion in January-November 2020,” Eurostat said.