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Euro area external trade surplus 7.4 bn euro

22
May '07
The first estimate for the euro area (EA13) trade balance with the rest of the world in March 2007 gave a 7.4 bn euro surplus, compared with +0.6 bn in March 2006. The February 20072 balance was -1.3 bn, compared with -3.4 bn in February 2006. In March 2007 compared with February 2007, seasonally adjusted exports rose by 1.2%, while imports fell by 2.6%.

The first estimate for March 2007 extra-EU27 trade was a deficit of 11.1 bn euro, compared with -13.5 bn in March 2006. In February 20072, the balance was -17.6 bn, compared with -16.2 bn in February 2006. In March 2007 compared with February 2007, seasonally adjusted exports rose by 1.1%, while imports fell by 2.2%. These data are released by Eurostat, the Statistical Office of the European Communities.

EU27 January-February 2007 detailed results:
The energy deficit decreased (-42.4 bn euro in January-February 2007 compared with -48.5 bn in January-February 2006), while the surpluses rose in the chemicals sector (+11.8 bn compared with +10.8 bn) and for machinery and vehicles (+13.0 bn compared with +11.0 bn).

EU27 trade with most of its major partners grew. The biggest increases were for exports to Russia (+26% in January-February 2007 compared with January-February 2006), South Korea (+18%), India (+14%) and China (+13%), and for imports from China (+24%), Turkey (+21%), India (+18%) and Canada (+17%).

The EU27 trade surplus with the USA decreased (+10.7 bn euro in January-February 2007 compared with +13.1 bn in January-February 2006), but increased slightly with Switzerland (+2.4 bn compared with +2.3 bn). The EU27 trade deficit grew with China (-27.1 bn compared with -21.1 bn) and Japan (-5.4 bn compared with -4.8 bn), but decreased with Russia (-10.5 bn compared with -13.8 bn), Norway (-5.8 bn compared with -7.8 bn) and South Korea (-2.3 bn compared to -2.6 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+30.1 bn euro in January-February 2007), followed by the Netherlands (+6.3 bn), Ireland (+4.1 bn), Sweden (+2.7 bn) and Belgium (+2.6 bn). The United Kingdom (-22.2 bn) registered the largest deficit, followed by Spain (-14.4 bn), France (-7.0 bn), Greece (-6.4 bn) and Italy (-5.6 bn).

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Eurostat


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