Macro Waves

Audiobrief | The European Union's trade balance: back in surplus


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In this Audiobrief, Guillaume Derrien discusses recent evolution of the European Union's trade balance. The latter moved back to a surplus in 2023. Despite China’s ramping up to higher value-added sectors, the EU trade surplus in traditionally buoyant industries (pharmaceuticals, automotive) remains at historically-high levels.

Economic Research Website

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Macro WavesBy BNP Paribas Economic Research

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