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Euro area external trade surplus 1.8bn euro

15
Jun '07
The first estimate for the euro area (EA13) trade balance with the rest of the world in April 2007 gave a 1.8 bn euro surplus, compared with -2.7 bn in April 2006.

The March 20072 balance was +7.6 bn, compared with +0.4 bn in March 2006. In April 2007 compared with March 2007, seasonally adjusted exports rose by 0.6% and imports by 2.2%.

The first estimate for April 2007 extra-EU27 trade was a deficit of 14.4 bn euro, compared with -16.5 bn in April 2006. In March 2007, the balance was -10.5 bn, compared with -13.7 bn in March 2006. In April 2007 compared with March 2007, seasonally adjusted exports fell by 1.7%, while imports rose by 0.1%.

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

The energy deficit decreased (-61.7 bn euro in January-March 2007 compared with -73.3 bn in January-March 2006), while the surpluses rose in the chemicals sector (+19.5 bn compared with +18.0 bn) and for machinery and vehicles (+24.7 bn compared with +20.8 bn).

EU27 trade with most of its major partners grew. The biggest increases were for exports to Russia (+28% in January-March 2007 compared with January-March 2006), India (+18%), Norway and South Korea (both +14%), and for imports from China (+25%), Brazil (+16%), Turkey (+15%) and India (+14%).

The EU27 trade surplus decreased with the USA (+18.5 bn euro in January-March 2007 compared with +21.6 bn in January-March 2006) and remained nearly stable with Switzerland (+3.6 bn compared with +3.7 bn).


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