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Euro area external trade deficit 1.7 bn euro

17
Apr '07
The first estimate for the euro area (EA13) trade balance with the rest of the world in February 2007 gave a 1.7 bn euro deficit compared with -3.3 bn in February 2006. The January 2007 balance was -7.0 bn, compared with -9.9 bn in January 2006. In February 2007 compared with January 2007, exports, seasonally adjusted, rose by 0.6% and imports by 2.3%.

The first estimate for February 2007 extra-EU27 trade was a deficit of 17.6 bn euro, compared with -16.1 bn in February 2006. In January 2007, the balance was -26.0 bn, compared with -26.2 bn in January 2006. In February 2007 compared with January 2007, exports, seasonally adjusted, fell by 0.4% while imports rose by 1.2%.

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

EU27 January 2007 detailed results:
The energy deficit decreased (-21.9 bn euro in January 2007 compared with -24.6 bn in January 2006), while the surpluses rose in the chemicals sector (+5.6 bn compared with +5.4 bn) and for machinery and vehicles (+4.4 bn compared with +3.2 bn).

EU27 exports to its major partners grew. The most notable increases were for exports to Russia (+26% in January 2007 compared with January 2006), India (+25%), Turkey (+17%) and South Korea (+16%). Imports from Brazil (+26% in January 2007 compared with January 2006), India (+25%), China (+23%) and Turkey (+18%) grew most strongly, while imports from Norway (-11%), South Korea (-5%) and Russia (-2%) fell.


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