The euro countries exported 1 percent less in November than in the same month of 2019. As a result, euro area exports were almost at pre-coronacrisis level, reports the European statistical office Eurostat.
In total, the euro area countries exported EUR 196.7 billion in goods in November. Imports fell by 4.2 percent to EUR 170.9 billion annually, bringing the trade surplus to EUR 25.8 billion.
After the coronavirus began to spread around the world, the eurozone’s exports plummeted by almost 30 percent in April. Then the recovery started. Measured over the period from January to November, exports are 10.2 percent lower than a year earlier.
The European Union as a whole exported 1.5 percent less in November, while imports fell by 6.2 percent.