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An EU27 External Trade Surplus of 4.7 bn Euro with Canada in 2009
added: 2010-05-05

Between 2000 and 2009, EU27 exports of goods to Canada grew from 21.1 billion euro to 22.4 bn, while EU27 imports from Canada fell from 19.0 bn to 17.8 bn. As a result, the EU27 surplus in trade with Canada grew from 2.1 bn in 2000 to 4.7 bn in 2009, while the share of Canada in the EU27's total external trade in goods has fallen. In 2009, Canada accounted for 2.0% of EU27 exports and 1.5% of EU27 imports, and was the EU27's eleventh most important trading partner.

On the occasion of the European Union - Canada summit, Eurostat, the statistical office of the European Union, issues data on trade and investments between the EU and Canada.

Germany has largest surplus and United Kingdom largest deficit

Among the EU27 Member States, Germany (5.2 bn euro or 23% of the total) was the largest exporter to Canada in 2009, followed by the United Kingdom (4.4 bn or 20%), France (2.4 bn or 11%) and Italy (2.1 bn or 9%). The United Kingdom (5.8 bn or 33%) was by far the largest importer, followed by Germany (2.5 bn or 14%) and France (1.9 bn or 11%). The largest surpluses were observed in Germany (+2.6 bn) and Italy (+0.9 bn), while the largest deficit was registered in the United Kingdom (-1.4 bn).

In 2009, just over a third of EU27 exports to Canada were machinery and vehicles, while chemicals and other manufactured articles each accounted for around a fifth of exports. Machinery and vehicles made up more than a quarter of imports, while other manufactured articles accounted for around a fifth. At the detailed level, the main EU27 exports to Canada were medicine, motor cars, aircraft engines and crude and refined oil, while the main imports were aircraft, diamonds, iron ore, medicine and natural uranium.


Source: Eurostat

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