In September 2025, the eurozone’s current account surplus narrowed to €38.1 billion, down from the revised €43.5 billion surplus recorded during the same period the previous year. This decrease was primarily driven by a significant reduction in the primary income surplus, which fell from €12 billion to €0.8 billion.
At the same time, the secondary income deficit widened to €16.2 billion, compared to €13.6 billion in the same period last year.
On a positive note, the goods trade surplus increased from €27.5 billion to €34.1 billion, mainly due to a 6.7% growth in exports to €250 billion, while import growth slowed to 4.4%, reaching €215.9 billion.
The services trade surplus also improved, reaching €19.4 billion, up from €17.6 billion in the same period last year.
From a broader perspective, the eurozone’s current account surplus expanded to €213.4 billion during the first three quarters of 2025.
