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Euro Area External Trade Surplus 2.9 bn euro in September 2010
added: 2010-11-16

The first estimate for the euro area (EA16) trade balance with the rest of the world in September 2010 gave a 2.9 bn euro surplus, compared with +1.4 bn in September 2009. The August 2010 balance was -5.0 bn, compared with -1.7 bn in August 2009. In September 2010 compared with August 2010, seasonally adjusted exports rose by 0.6%, while imports fell by 2.5%.

The first estimate for the September 2010 extra-EU271 trade balance was a 11.7 bn euro deficit, compared with -10.5 bn in September 2009. In August 20102 the balance was -17.7 bn, compared with -11.2 bn in August 2009. In September 2010 compared with August 2010, seasonally adjusted exports rose by 0.7%, while imports fell by 1.5%.

These data are released by Eurostat, the statistical office of the European Union.

EU27 detailed results for January to August 2010

The EU27 deficit increased for energy (-190.7 bn euro in January-August 2010 compared with -152.2 bn in January-August 2009), while the surplus for manufactured goods rose (+112.2 bn compared with +99.9 bn).

EU27 trade with all its major partners grew in January-August 2010 compared with January-August 2009. The most notable increases were recorded for exports to Brazil (+54%), China (+39%) and Turkey (+36%), and for imports from Russia (+42%), China (+28%) and India (+27%).

The EU27 trade surplus increased with the USA (+45.3 bn euro in January-August 2010 compared with +26.9 bn in January-August 2009), Switzerland (+12.0 bn compared with +9.1 bn) and Turkey (+10.9 bn compared with +4.8 bn). The EU27 trade deficit increased with China (-103.8 bn compared with -85.2 bn), Russia (-47.4 bn compared with -29.3 bn), Norway (-24.5 bn compared with -21.9 bn) and South Korea (-8.1 bn compared with -7.5 bn), and remained nearly stable with Japan (-14.0 bn compared with -13.9 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+96.7 bn euro in January-August 2010), followed by Ireland (+27.8 bn), the Netherlands (+25.1 bn) and Belgium (+10.7 bn). The United Kingdom (-74.1 bn) registered the largest deficit, followed by France (-40.1 bn), Spain (-34.6 bn), Greece (-15.6 bn), Italy (-15.5 bn) and Portugal (-13.0 bn).


Source: Eurostat

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