Eurozone's trade surplus increased unexpectedly in October, a report published by Eurostat showed Monday.

Eurozone's merchandise trade showed a surplus of EUR 10.2 billion in October, higher than a trade surplus of EUR 9.5 billion recorded in September.

Economists had forecast the surplus to fall to EUR 9 billion. A year earlier, the trade balance was in a deficit of EUR 0.7 billion.

Exports from the region climbed 14 percent annually in October, much faster than a 1 percent gain in the previous month. Imports grew 7 percent, reversing 4 percent slump in October.

The 27-member European Union saw its goods trade with the rest of the world yielding a deficit of EUR 9.4 billion in October compared with a EUR 12.5 billion deficit in September.

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