Euro area external trade deficit €3.4 bn & 15.1 bn for EU27

Email item Email item Print item Print item

Euro area external trade deficit €3.4 bn & 15.1 bn for EU27The first estimate for the euro area (EA16) trade balance with the rest of the world in May 2010 gave a 3.4 billion euro deficit, compared with +2.2 bn in May 2009. The April 2010 balance was +0.3 bn, compared with +2.6 bn in April 2009. In May 2010 compared with April 2010, seasonally adjusted exports rose by 1.6% and imports by 4.2%.

The first estimate for the May 2010 extra-EU27 trade balance was a 15.1 bn euro deficit, compared with -7.0 bn in May 2009. In April 2010 the balance was -11.0 bn, compared with -7.8 bn in April 2009. In May 2010 compared with April 2010, seasonally adjusted exports rose by 0.9% and imports by 4.1%.

EU27 January-April 2010 detailed results

The EU27 deficit rose for energy (-91.5 bn euro in January-April 2010 compared with -76.1 bn in January-April 2009), while the surplus for manufactured goods increased (+50.5 bn compared with +34.7 bn).

EU27 trade with all its major partners grew in January-April 2010 compared with January-April 2009, except for imports from the USA (-10%). The most notable increases were recorded for exports to Brazil (+46%), China (+43%) and Turkey (+40%), and for imports from Russia (+40%), India (+18%) and Turkey (+15%).

The EU27 trade surplus increased with the USA (+19.0 bn euro in January-April 2010 compared with +9.6 bn in January-April 2009), Switzerland (+6.1 bn compared with +3.9 bn) and Turkey (+4.2 bn compared with +1.0 bn). The EU27 trade deficit decreased with China (-44.9 bn compared with -46.7 bn), Japan (-7.0 bn compared with -7.6 bn) and South Korea (-3.7 bn compared with -4.4 bn), but increased with Russia (-24.4 bn compared with -13.3 bn). The EU27 trade deficit with Norway remained nearly unchanged (-12.6 bn compared with -12.5 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+50.5 bn euro in January-April 2010), followed by the Netherlands (+14.6 bn) and Ireland (+12.4 bn). The United Kingdom (-33.8 bn) registered the largest deficit, followed by France (-18.9 bn), Spain (-17.2 bn), Italy (-9.3 bn) and Greece (-8.9 bn).

These data were released by Eurostat, the statistical office of the European Union.

  • Permalink: Euro area external trade deficit €3.4 bn & 15.1 bn for EU27
  • You may also like...

    Leave a Reply

    Your email address will not be published. Required fields are marked *