Euro Area Trade Surplus Widens in December

The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in December 2011 gave a 9.7 bn euro surplus, compared with -1.7 bn in December 2010.

The November 2011 balance was +6.3 bn, compared with -2.3 bn in November 2010. In December 2011 compared with November 2011, seasonally adjusted exports rose by 0.1% while imports fell by 0.9%.

During 2011, euro area trade recorded a deficit of 7.7 bn euro, compared with -14.7 bn in 2010. The EU27 recorded a deficit of 152.8 bn in 2011, compared with -159.5 bn in 2010.

Concerning the total trade of Member States, the largest surplus was observed in Germany (+145.2 bn euro in January-November 2011), followed by Ireland and the Netherlands (both +40.5 bn), Belgium (+10.8 bn) and Denmark (+10.5 bn). The United Kingdom (-109.7 bn) registered the largest deficit, followed by France (-79.1 bn), Spain (-42.7 bn), Italy (-25.8 bn), Greece (-19.0 bn), Portugal (-14.2 bn) and Poland (-13.3 bn, Eurostat
2/15/2012 12:31:14 PM