Euro Area Trade Surplus Shrinks in April


The first estimate for the euro area (EA16) trade balance with the rest of the world in April 2010 gave a 1.8 billion euro surplus, compared with +2.6 bn in April 2009.

The March 2010 balance was +4.5 bn, compared with +1.5 bn in March 2009.

 In April 2010 compared with March 2010, seasonally adjusted exports fell by 2.4% and imports by 3.5%.

The first estimate for the April 2010 extra-EU27 trade balance was a 10.2 bn euro deficit, compared with -7.8 bn in April 2009. In March 20102 the balance was -7.2 bn, compared with -9.2 bn in March 2009. In April 2010 compared with March 2010, seasonally adjusted exports fell by 2.4% and imports by 2.8%.
 
The EU27 deficit rose for energy (-66.6 bn euro in January-March 2010 compared with -58.5 bn in January-March 2009), while the surplus for manufactured goods increased (+35.9 bn compared with +21.9 bn).

EU27 exports to all its major partners grew in January-March 2010 compared with January March 2009. The most  notable increases were recorded for exports to China (+48%), Brazil (+43%) and Turkey (+41%).

For imports, the largest increases were recorded with Russia (+35%), India (+16%) and Turkey (+14%), and the largest fall with the USA (-12%).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+37.4 bn euro in January-March 2010), followed by the Netherlands (+12.0 bn) and Ireland (+9.4 bn). The United Kingdom  (-24.9 bn) registered the largest deficit, followed by France (-14.4 bn), Spain (-12.2 bn), Greece (-7.1 bn) and Italy (-6.9 bn).


TradingEconomics.com, Eurostat
6/15/2010 9:58:49 AM