Euro area external trade surplus €2.4 bn EU27 9.6 bn deficit

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Euro area external trade surplus €2.4 bn EU27 9.6 bn deficitThe first estimate for the euro area (EA16) trade balance with the rest of the world in June 2010 gave a 2.4 bn euro surplus, compared with +5.2 bn in June 2009. The May 2010 balance was -3.3 bn, compared with +1.9 bn in May 2009. In June 2010 compared with May 2010, seasonally adjusted exports rose by 5.2% and imports by 4.3%.

The first estimate for the June 2010 extra-EU27 trade balance was a 9.6 bn euro deficit, compared with -4.1 bn in June 2009. In May 2010 the balance was -14.8 bn, compared with -7.0 bn in May 2009. In June 2010 compared with May 2010, seasonally adjusted exports rose by 5.8% and imports by 5.2%.

EU27 detailed results for January to May 2010

The EU27 deficit increased for energy (-115.6 bn euro in January-May 2010 compared with -93.0 bn in January-May 2009), while the surplus for manufactured goods increased (+63.5 bn compared with +47.6 bn).

EU27 trade with all its major partners grew in January-May 2010 compared with January-May 2009, except for imports from the USA (-8%). The most notable increases were recorded for exports to Brazil (+51%), China (+42%) and Turkey (+37%), and for imports from Russia (+45%) and India (+22%).

The EU27 trade surplus increased with the USA (+25.0 bn euro in January-May 2010 compared with +12.2 bn in January-May 2009), Switzerland (+6.8 bn compared with +4.8 bn) and Turkey (+5.6 bn compared with +1.9 bn). The EU27 trade deficit increased with China (-57.5 bn compared with -55.7 bn), Russia (-32.0 bn compared with -16.9 bn) and Norway (-15.5 bn compared with -14.6 bn), but decreased with Japan (-8.9 bn compared with -9.2 bn) and South Korea (-4.9 bn compared with -5.7 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+60.2 bn euro in January-May 2010), followed by the Netherlands (+17.0 bn) and Ireland (+16.1 bn). The United Kingdom

(-42.8 bn) registered the largest deficit, followed by France (-25.6 bn), Spain (-21.3 bn), Italy (-11.2 bn) and Greece (-10.7 bn).

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

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