Euro area external trade surplus 3.1bn Euro

17 Jan '07

2 min read

The first estimate for the euro area (EA12) trade balance with the rest of the world in November 2006 gave a 3.1 bn euro surplus compared with -2.0 bn in November 2005.

The October 2006 balance was +3.0 bn, compared with +0.1 bn in October 2005. In November 2006 compared with October 2006, exports, seasonally adjusted, rose by 1.7% while imports fell by 0.1%.

The first estimate for November 2006 extra-EU25 trade was a deficit of 12.4 bn euro, compared with -14.7 bn in November 2005. In October 2006, the balance was -12.9 bn, compared with -11.0 bn in October 2005. In November 2006 compared with October 2006, exports, seasonally adjusted, rose by 2.0% while imports fell by 0.1%.

These data are released by Eurostat, the Statistical Office of the European Communities.

EU25 January-October 2006 detailed results:
The energy deficit grew strongly (-236.9 bn euro in January-October 2006 compared with -180.6 bn in January-October 2005), while the surpluses rose in the chemicals sector (+65.5 bn compared with +58.5 bn) and for machinery and vehicles (+91.9 bn compared with +85.1 bn). EU25 trade flows with its major partners grew.

The most notable increases were for exports to Russia (+26% in January-October 2006 compared with January-October 2005), China (+23%), Canada (+14%), Norway and Turkey (both +13%), and for imports from Russia (+29%), Norway (+24%), China (+21%) and India (+19%).

The EU25 trade surplus with the USA increased (+75.7 bn euro in January-October 2006 compared with +72.8 bn in January-October 2005), but decreased with Switzerland (+12.5 bn compared with +13.9 bn).

More Eurostat News... More Textiles News - Luxembourg...