Brussels: The eurozone reported a foreign trade surplus of £9.9 billion ($11.5 billion) in November, as announced by the region's statistical bureau, Eurostat. This marked a decline of £5.5 billion compared to the previous month, as the data revealed.

According to Anadolu Agency, markets had anticipated the surplus to be around £14.8 billion for November. The eurozone's exports to countries outside the region decreased by 3.4% year-on-year, totaling £240.2 billion, while imports fell by 1.3%, amounting to £230.3 billion.

In contrast, the European Union (EU) recorded a foreign trade surplus of £8.1 billion in the same month. The United States remained the largest market for EU exports, receiving £37.4 billion worth of goods, despite a significant annual drop of 20.3%.

Exports to China from the EU declined by 1.2% to £16.4 billion, and exports to the United Kingdom decreased by 6% to £28.4 billion. Meanwhile, China emerged as the largest exporter to the EU, with imports valued at £48.7 billion, a 3.8% increase from the previous year. Imports from the United States saw a decline of 7.1%, reaching £26.7 billion, while imports from Trkiye rose by 1.1% to £8.1 billion.

The eurozone, or EA20, comprises countries that have adopted the euro as their currency, while the EU27 encompasses all EU member states.