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Euro Area External Trade Surplus 5.2 bn euro in October 2010
added: 2010-12-20

The first estimate for the euro area (EA16) trade balance with the rest of the world in October 2010 gave a 5.2 bn euro surplus, compared with +4.8 bn in October 2009. The September 2010 balance was +2.6 bn, compared with +1.4 bn in September 2009. In October 2010 compared with September 2010, seasonally adjusted exports fell by 0.1%, and imports by 1.3%.

The first estimate for the October 2010 extra-EU27 trade balance was a 7.4 bn euro deficit, compared with -6.4 bn in October 2009. In September 20102 the balance was -11.8 bn, compared with -10.5 bn in September 2009. In October 2010 compared with September 2010, seasonally adjusted exports rose by 0.1%, while imports fell by 3.0%.

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

EU27 detailed results for January to September 2010

The EU27 deficit increased for energy (-214.5 bn euro in January-September 2010 compared with -172.8 bn in January-September 2009), while the surplus for manufactured goods rose (+124.9 bn compared with +112.2 bn).

EU27 trade with all its major partners grew in January-September 2010 compared with January-September 2009. The most notable increases were recorded for exports to Brazil (+53%), China (+39%) and Turkey (+36%), and for imports from Russia (+37%), China (+30%) and India (+28%).

The EU27 trade surplus increased with the USA (+52.8 bn euro in January-September 2010 compared with +31.8 bn in January-September 2009), Switzerland (+13.8 bn compared with +10.2 bn) and Turkey (+13.1 bn compared with +5.8 bn). The EU27 trade deficit increased with China (-122.2 bn compared with -97.8 bn), Russia (-52.1 bn compared with -35.0 bn), Norway (-26.8 bn compared with -24.5 bn) and South Korea (-8.9 bn compared with -8.6 bn). The deficit remained stable with Japan (-15.9 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+113.5 bn euro in January-September 2010), followed by Ireland (+31.8 bn), the Netherlands (+30.6 bn) and Belgium (+14.1 bn). The United Kingdom (-84.8 bn) registered the largest deficit, followed by France (-46.3 bn), Spain (-39.0 bn), Italy (-19.2 bn), Greece (-17.7 bn) and Portugal (-14.6 bn).


Source: Eurostat

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