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Decline in EU exports & imports continues in Q3 2023

25 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The European Union (EU) saw a continued decline in goods trade in Q3 2023, with exports and imports falling by 1.2 per cent and 4.6 per cent, respectively.
  • This led to an €18 billion trade surplus the region, influenced by decreased imports of manufactured goods and energy, and a significant reduction in the energy sector's trade deficit.

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