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.
These data are released by Eurostat, the statistical office of the European Union.
EU27 detailed results for January to November 2011
The EU27 deficit increased for energy (-353.2 bn euro in January-November 2011 compared with -275.5 bn in January-November 2010), while the surplus for manufactured goods rose (+226.8 bn compared with +150.5 bn).
EU27 trade with all its major partners grew in January-November 2011 compared with January-November 2010, except for imports from South Korea (-9%). The most notable increases were recorded for exports to Russia (+26%), China and Turkey (both +21%), and for imports from Russia (+25%), India and Norway (both +19%) and Brazil (+18%).
The EU27 trade surplus increased with the USA (+68.6 bn euro in January-November 2011 compared with +66.2 bn in January-November 2010), Switzerland (+27.1 bn compared with +19.2 bn) and Turkey (+22.8 bn compared with +16.6 bn). The EU27 trade deficit fell with China (-145.4 bn compared with -155.3 bn), Japan (-17.5 bn compared with -20.5 bn) and South Korea (-4.2 bn compared with -11.1 bn), but increased with Russia (-82.3 bn compared with -66.1 bn) and Norway (-42.1 bn compared with -33.2 bn).
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).
