Euro Area Trade Surplus Widens in April


In April, the first estimate for the Euro Area trade in goods balance with the rest of the world gave a € 14.9 billion surplus, compared with € 3.3 bn in April 2012. Exports increased 9 percent yoy while imports rose 1 percent. Compared with March 2013, seasonally adjusted exports fell 0.8 percent while imports rose 0.5 percent.

The European Union (EU27) registered a trade surplus of € 9.2 bn, compared with € -13.4 bn in April 2012. In March 2013 the balance was € 15.9 bn, compared with € -8.2 bn in March 2012. Compared with March 2013, seasonally adjusted exports fell by 0.2 percent while imports remained stable. The EU27 deficit in energy trade decreased (€ -96.2 bn euro in January-March 2013 compared with € -111.1 bn in January-March 2012), while the surplus for manufactured goods increased (€ 91.1 bn compared with € 76.5 bn). 

Euro Area imports from most of its major partners fell in January-March 2013 compared with January-March 2012, except for Turkey (+5 percent). The most notable decreases were recorded for imports from Norway and Japan (both -16 percent) and Brazil (-14 percent). As regards exports, the pattern was mixed. The largest increase was recorded for exports to Turkey (+6 percent), and the largest fall with China (-7 percent).

The euro Area trade surplus increased with the USA (€ 17.8 bn in January-March 2013 compared with € 16.1 bn in January-March 2012), United Kingdom ( € 16.6 bn compared with € 14.4 bn) and Turkey (€ 5.7 bn compared with € 5.4 bn). The trade deficit with China declined (€ -21.8 bn compared with € -22.0 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (€ 49.3 bn euro in January-March 2013), followed by the Netherlands (€ 15.1 bn) and Ireland (€ 8.9 bn). The United Kingdom (€ -24.1 bn) registered the largest deficit in the EU27, followed by France (€ -20.1 bn), Greece (€ -5.3 bn) and Spain (€ -4.7 bn).

Euro Area Trade Surplus Widens in April


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
6/17/2013 10:32:12 AM