During 2007, euro area trade recorded a surplus of 28.3 bn euro, compared with -9.3 bn in 2006. The EU27 recorded a deficit of 185.7 bn in 2007, compared with -192.1 bn in 2006.
These data3 are released by Eurostat, the Statistical Office of the European Communities.
EU27 January-November 2007 detailed results
The EU27 energy deficit decreased (-241.2 bn euro in January-November 2007 compared with -260.0 bn in January-November 2006), while the surplus rose for machinery and vehicles (+117.5 bn compared with +91.3 bn).
EU27 trade with most of its major partners grew, with the exception of exports to the USA and Japan (both -2% in January-November 2007 compared with January-November 2006), and imports from Norway (-5%), South Korea (-3%) and Russia (-1%). The largest increases were recorded for exports to Russia (+24%), India (+21%), Brazil (+20%), China and Norway (both +13%), and for imports from China and Brazil (both +20%), India (+17%) and Turkey (+13%).
The EU27 trade surplus fell with the USA (+75.2 bn euro in January-November 2007 compared with +86.8 bn in January-November 2006) and remained nearly stable with Switzerland (+14.8 bn compared with +14.7 bn). The EU27 trade deficit grew with China (-147.6 bn compared with -119.8 bn), Japan (-31.4 bn compared with -30.0 bn) and Brazil (-10.6 bn compared with -8.6 bn), but decreased with Russia (-47.4 bn compared with -64.1 bn), Norway (-29.9 bn compared with -37.8 bn) and South Korea (-13.8 bn compared to -16.8 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+184.8 bn euro in January-November 2007), followed by the Netherlands (+39.8 bn), Ireland (+27.2 bn), Belgium (+13.0 bn) and Sweden (+12.3 bn). The United Kingdom (-124.4 bn) registered the largest deficit, followed by Spain (-86.6 bn), France (-40.3 bn), Greece (-35.0 bn), Romania (-19.4 bn), Portugal (-17.2 bn) and Poland (-14.8 bn).
