The EU27 trade surplus with the USA decreased (+5.2 bn euro in January 2007 compared with +5.8 bn in January 2006), but increased with Switzerland (+1.2 bn compared with +1.0 bn). The EU27 trade deficit grew with China (-14.7 bn compared with -11.5 bn) and Japan (-3.0 bn compared with -2.7 bn), but decreased with Russia (-5.8 bn compared with -7.2 bn), Norway (-3.0 bn compared with -4.1 bn) and South Korea (-1.0 bn compared with -1.4 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+16.1 bn euro in January 2007), followed by the Netherlands (+2.9 bn) and Ireland (+2.0 bn). The United Kingdom (-11.2 bn) registered the largest deficit, followed by Spain (-7.6 bn), France (-3.8 bn), Italy (-3.7 bn) and Greece (-3.1 bn).