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July 10, 2024EUROPEAN UNION BALANCE OF PAYMENTS, Q1 2024 Quarter-over-quarter (Q1 2024 vs Q4 2023, seasonally adjusted)
Compared with the last quarter (Q4 2023), the European Union's Q1 2024
- Current account surplus increased by €44.5 billion to €134.3 billion
- Goods trade surplus increased by €47.0 billion to €113.5 billion
- Services trade surplus decreased by €5.4 billion to €38.4 billion
- Primary income surplus widened by €3.2 billion to €5.5 billion
- Secondary income deficit widened by €0.3 billion to -€23.0 billion.
Compared with Q4 2023, European Union exports of goods increased by 7.6% to €691.2 billion in Q1 2024 while imports of goods increased by 0.3% to €577.8 billion.
European Union exports of services increased by 2.6% to €350.7 billion while imports of services increased 4.8% to €312.4 billion in Q1 2024.
Primary income receipts for the European Union increased by 5.8% to €306.8 billion while primary income payments increased by 4.7% to €301.4 billion in Q1 2024.
Secondary income receipts to the European Union decreased by 4.0% to €38.4 billion while secondary income payments from the European Union decreased by 2.1% to €61.5 billion.
Source: Eurostat. European Union and euro area balance of payments - quarterly data (BPM6)
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