(Finance) – In the first quarter of 2024, the imports of goods from non-EU countries to the EU decreased by 2.9% compared to the previous quarter, while exports increased by 0.3%. This marks the second consecutive quarter of increased export levels, while imports have been declining for 6 consecutive quarters. He reports it Eurostat.
The EU balance for trade in goods increased from 31.7 billion euros in the fourth quarter of 2023 to 51.2 billion euros in the first quarter of 2024. balance commercial showed a surplus for 3 consecutive quarters, after a period of deficit by the EU from Q4 2021 to Q2 2023, mainly due to a high energy deficit offsetting surpluses in other product categories.
In the first quarter of 2024, the surpluses recorded in the sectors machinery and vehicles (65.7 billion euros), chemical products (57.6 billion euros), foods and drinks (15.7 billion euros), other manufactured goods (4.8 billion euros) and other goods (1.3 billion euros) billion) exceeded the deficits of‘power (-87.7 billion euros) and raw material (-6.3 billion euros).
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