EU27 trade surplus fell with USA

18 Jan '08

2 min read

The first estimate for the euro area (EA13) trade balance with the rest of the world in November 2007 gave a 2.6 bn euro surplus, compared with +5.2 bn in November 2006. The October 20072 balance was +5.4 bn, compared with +2.4 bn in October 2006. In November 2007 compared with October 2007, seasonally adjusted exports rose by 0.3% and imports by 0.5%.

The first estimate for the November 2007 extra-EU27 trade balance was a deficit of 16.8 bn euro, compared with -12.4 bn in November 2006. In October 2007, the balance was -14.3 bn, compared with -14.9 bn in October 2006. In November 2007 compared with October 2007, seasonally adjusted exports rose by 0.8% and imports by 0.6%. These data are released by Eurostat, the Statistical Office of the European Communities.

EU27 January-October 2007 detailed results:
The EU27 energy deficit decreased (-213.9 bn euro in January-October 2007 compared with -237.4 bn in January-October 2006), while the surplus rose for machinery and vehicles (+105.5 bn compared with +77.8 bn).

EU27 trade with most of its major partners grew, with the exception of exports to the USA (-2% in January-October 2007 compared with January-October 2006) and Japan (-1%), and imports from Norway (-8%), Russia (-3%) and South Korea (-2%). The largest increases were recorded for exports to Russia (+25%), India (+20%), Brazil (+17%), China and Norway (both +13%), and for imports from China (+21%), Brazil (+19%), India (+16%) and Turkey (+13%).

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