Euro Area Trade Surplus at 6.1 bn Euro in October


The first estimate for the euro area (EA13) trade balance with the rest of the world in October 2007 gave a 6.1 bn euro surplus, compared with +2.4 bn in October 2006.

In October 2007 compared with September 2007, seasonally adjusted exports rose by 2.3% and imports by 2.0%.

The first estimate for the October 2007 extra-EU27 trade balance was a deficit of 14.2 bn euro, compared with -14.9 bn in October 2006. In September 20072, the balance was -16.7 bn, compared with -14.7 bn in September 2006. In October 2007 compared with September 2007, seasonally adjusted exports rose by 1.6% and imports by
0.6%.

The EU27 energy deficit decreased (-189.7 bn euro in January-September 2007 compared with -214.9 bn in January-September 2006), while the surplus rose for machinery and vehicles (+92.8 bn compared with +69.6 bn). EU27 trade with most of its major partners grew, with the exception of exports to the USA (-3% in January- September 2007 compared with January-September 2006) and Japan (-1%), and imports from Norway (-9%), Russia (-5%) and South Korea (0%). The largest increases were recorded for exports to Russia (+26%), India (+21%), Brazil (+17%), China and Norway (both +13%), and for imports from China (+21%), Brazil (+18%), India (+16%) and Turkey (+13%).

The EU27 trade surplus fell with the USA (+59.6 bn euro in January-September 2007 compared with +66.9 bn in January-September 2006), but increased with Switzerland (+11.6 bn compared with +11.1 bn). The EU27 trade deficit grew with China (-115.7 bn compared with -92.3 bn) and Japan (-25.1 bn compared with -24.5 bn), but decreased with Russia (-39.9 bn compared with -58.1 bn), Norway (-23.8 bn compared with -32.9 bn) and South Korea (-11.2 bn compared to -13.0 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+146.8 bn euro in January-September 2007), followed by the Netherlands (+29.9 bn), Ireland (+23.0 bn), Belgium (+12.1 bn) and Sweden (+10.1 bn). The United Kingdom (-100.0 bn) registered the largest deficit, followed by Spain (-69.0 bn), France (-31.3 bn), Greece (-28.2 bn), Romania (-15.0 bn), Portugal (-13.5 bn) and Poland (-11.9 bn).


Eurostat
12/18/2007 6:43:15 AM