The eurozone's seasonally adjusted trade surplus fell in October from the previous month as growth in exports was eclipsed by rising imports.
Eurostat, the official statistical office of the European Union reported that the eurozone's surplus in international trade in goods fell to €18.9bn in October, from €26.4bn in September, failing to match expectations of a €24.6bn surplus.
On a seasonally adjusted basis, the surplus fell to €19bn in October, from €25bn in the prior month and missing forecasts of €24.4bn.
Exports vs imports
In its flash estimate of the trade balance, Eurostat reported that exports of goods to the rest of the world in October were valued at €187.9bn - and increase of 8.8% compared with the same month a year ago.
Imports from the rest of the world were valued at €168.9bn - a rise of 10.1% compared with October 2016.