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November 2009 Euro area external trade surplus 4.8 bn euro 5.8 bn euro deficit for EU27

Reference: STAT/10/9 Event Date: 15/01/2010 Export pdf PDF word DOC
Other available languages : FR DE



STAT/10/9

15 January 2010

November 2009
Euro area external trade surplus 4.8 bn euro
5.8 bn euro deficit for EU27

The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in November 2009 gave a 4.8 bn euro surplus, compared with -7.0 bn in November 2008. The October 2009 2 balance was +6.6 bn, compared with -1.2 bn in October 2008. In November 2009 compared with October 2009, seasonally adjusted exports fell by 0.4%, while imports rose by 0.3%.

The first estimate for the November 2009 extra- EU27 1 trade balance was a 5.8 bn euro deficit, compared with

-24.4 bn in November 2008. In October 2009
2 the balance was -4.8 bn, compared with -18.3 bn in October 2008. In November 2009 compared with October 2009, seasonally adjusted exports rose by 1.9% and imports by 1.5%.

These data 3 are released by Eurostat, the statistical office of the European Union .

EU27 January-October 2009 detailed results

The EU27 deficit decreased for energy (-191.8 bn euro in January-October 2009 compared with -323.5 bn in January-October 2008) and for raw materials (-15.5 bn compared with -36.1 bn). The surplus fell for machinery and vehicles (+88.6 bn compared with +130.1 bn), but rose for chemicals (+66.9 bn compared with +63.6 bn).

EU27 trade flows with all of its major partners fell, except for exports to China which remained stable. The largest decreases were recorded for exports to Russia (-40% in January-October 2009 compared with January-October 2008), Turkey (-25%), Brazil (-23%), South Korea (-21%) and the USA (-20%), and for imports from Russia
(-40%),
Norway (-30%), Brazil (-29%), Japan (-28%) and Turkey (-25%). The smallest falls were observed for trade with Switzerland , for both exports (-12%) and imports (-9%).

The EU27 trade surplus fell with the USA (+35.9 bn euro in January-October 2009 compared with +55.9 bn in January-October 2008) and Switzerland (+11.0 bn compared with +15.0 bn). The EU27 trade deficit decreased with China (-111.3 bn compared with -138.8 bn), Russia (-39.5 bn compared with -65.2 bn), Norway (-26.4 bn compared with -43.8 bn ) and Japan (-16.7 bn compared with -28.6 bn ).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+105.2 bn euro in January-October 2009), followed by Ireland (+32.6 bn), the Netherlands (+32.1 bn) and Belgium (+11.4 bn). The United Kingdom (-77.9 bn) registered the largest deficit, followed by France (-42.5 bn), Spain (-40.7 bn), Greece (-23.7 bn) and Portugal (-15.2 bn).

EA16 trade - non seasonally adjusted data bn euro

Flows

Nov 08

Nov 09

Growth

Oct 08

Oct 09

Growth

Jan-Nov 08

Jan-Nov 09

Growth

Extra-EA16 exports

120.4

113.4

-6%

141.0

116.9

r

-17%

1 443.4

1 162.2

-19%

Extra-EA16 imports

127.4

108.7

-15%

142.1

110.3

r

-22%

r

1 496.6

1 143.6

-24%

Extra-EA16 trade balance

-7.0

4.8

-1.2

6.6

r

-53.1

18.6

Intra-EA16 dispatches 4

119.5

114.3

-4%

140.7

117.6

r

-16%

r

1 466.5

1 179.8

-20%

EU27 trade - non seasonally adjusted data bn euro

Flows

Nov 08

Nov 09

Growth

Oct 08

Oct 09

Growth

Jan- Nov 08

Jan-Nov 09

Growth

Extra-EU27 exports

100.6

98.3

-2%

119.8

99.4

r

-17%

1 207.1

994.0

-18%

Extra-EU27 imports

124.9

104.1

-17%

138.1

104.2

r

-25%

1 454.3

1 096.1

-25%

Extra-EU27 trade balance

-24.4

-5.8

-18.3

-4.8

r

-247.2

-102.1

Intra-EU27 dispatches 4

206.3

193.4

-6%

241.4

201.0

r

-17%

2 532.4

2 002.2

-21%

r: revised

  • The euro area (EA16) includes Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

  • The first estimate s for October 2009 were +8.8 bn euro for the euro area and -3.8 bn euro for the EU27. See News Release 187/2009 issued on 18 December 2009.

  • This News Release is based on data available on 12 January 2010. These are provisional figures based on information provided by Member States. They are subject to frequent revision for up to two years after the month in question. Furthermore, national concepts may differ from the harmonised methodology used by Eurostat, leading to differences between figures in this release and those published nationally, both for raw data and for seasonally adjusted series.

The next News Release including revised data for November 2009 and first estimates for December 2009 will be issued on
17 February 2010.

  • Since the introduction of Intrastat for intra-EU trade on 1 January 1993, the value of dispatches has been consistently higher than that of arrivals. In theory, as dispatches are declared FOB and arrivals CIF, the value of arrivals should be slightly higher than that of dispatches. Eurostat uses dispatches as the more reliable measure of total intra-EU trade as, at aggregated levels, total dispatches has better coverage than total arrivals. Due to this divergence in intra-EU trade, and to the difficulties of interpreting figures in absolute terms at the level of individual Member States, trade balances for individual Member States must be interpreted with caution. The same caution applies to the trade balance of the euro area, which includes some intra-EU trade.

Issued by:

Eurostat Press Office

Tim ALLEN

Tel: +352-4301-33 444

eurostat-pressoffice@ec.europa.eu

Eurostat news releases on the internet:

http://ec.europa.eu/eurostat

For further information on data:

Gilberto GAMBINI

Tel: +352-4301-35 806

Karo NUORTILA

Tel: +352-4301-34 802

estat-etfree@ec.europa.eu

Selected Principal European Economic Indicators : http://ec.europa.eu/eurostat/euroindicators

EA16 trade - previous 6 months - non seasonally adjusted data bn euro

Flows

Apr 09

May 09

Jun 09

Jul 09

Aug 09

Sep 09

Extra-EA16 exports

102.8

98.9

107.6

116.8

91.7

110.6

r

Extra-EA16 imports

100.5

96.9

101.9

104.5

94.4

r

110.5

r

Extra-EA16 trade balance

2.2

2.0

5.7

12.3

-2.8

r

0.1

r

Intra- EA16 dispatches

103.6

r

100.4

107.1

110.7

r

87.0

r

116.5

r

EU27 trade - previous 6 months - non seasonally adjusted data bn euro

Flows

Apr 09

May 09

Jun 09

Jul 09

Aug 09

Sep 09

Extra-EU27 exports

88.6

85.3

93.6

101.3

79.5

92.8

r

Extra-EU27 imports

96.8

92.5

97.6

100.5

92.1

r

104.7

r

Extra-EU27 trade balance

-8.1

r

-7.2

-4.0

0.8

-12.6

r

-11.9

r

Intra-EU27 dispatches

175.0

r

169.6

r

182.7

186.8

153.6

r

199.7

r

r: revised

Main products - EA16 - non seasonally adjusted data bn euro

EA16 exports

EA16 imports

Trade balance

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Primary goods:

181.8

141.6

-22%

481.9

316.0

-34%

-300.1

-174.4

Food & drink

83.6

75.3

-10%

74.6

68.6

-8%

9.0

6.8

Raw materials

29.9

23.6

-21%

63.9

40.4

-37%

-34.0

-16.7

Energy

68.3

42.7

-38%

343.3

207.1

-40%

-275.0

-164.4

Manufactured goods:

1 105.4

864.9

-22%

864.9

684.9

-21%

240.4

180.0

Chemicals

201.5

179.4

-11%

127.5

106.3

-17%

74.0

73.2

Machinery & vehicles

570.0

426.6

-25%

405.0

323.7

-20%

165.0

103.0

Other manuf’d goods

333.9

258.8

-22%

332.5

254.9

-23%

1.4

3.9

Other

35.8

42.3

18%

22.4

34.1

52%

13.5

8.2

Total

1 323.0

1 048.8

-21%

1 369.2

1 034.9

-24%

-46.1

13.9

Main products – EU27 - non seasonally adjusted data

EU27 exports

EU27 imports

Trade balance

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Primary goods:

157.2

119.5

-24%

527.1

335.6

-36%

-369.9

-216.1

Food & drink

57.0

50.9

-11%

67.3

59.7

-11%

-10.3

-8.8

Raw materials

28.3

22.8

-20%

64.4

38.3

-41%

-36.1

-15.5

Energy

71.9

45.8

-36%

395.5

237.6

-40%

-323.5

-191.8

Manufactured goods:

915.7

734.2

-20%

772.3

613.4

-21%

143.4

120.8

Chemicals

169.1

154.2

-9%

105.5

87.3

-17%

63.6

66.9

Machinery & vehicles

477.7

369.0

-23%

347.5

280.4

-19%

130.1

88.6

Other manuf’d goods

268.9

211.0

-22%

319.2

245.7

-23%

-50.3

-34.7

Other

33.6

42.0

25%

30.0

43.0

44%

3.7

-1.0

Total

1 106.5

895.7

-19%

1 329.4

992.0

-25%

-222.8

-96.3

Main trading partners - EA16 - non seasonally adjusted data bn euro

EA16 exports to

EA16 imports from

Trade balance

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

United Kingdom

189.9

145.1

-24%

140.5

103.3

-26%

49.4

41.8

United States

158.7

126.3

-20%

115.1

97.4

-15%

43.6

28.8

China

55.2

55.5

1%

153.5

131.3

-15%

-98.3

-75.7

Switzerland

72.8

64.8

-11%

58.7

54.2

-8%

14.1

10.6

Russia

67.0

40.4

-40%

106.9

65.5

-39%

-39.9

-25.2

Poland

72.5

55.4

-24%

49.1

42.2

-14%

23.4

13.1

Czech Republic

49.8

38.5

-23%

51.4

43.7

-15%

-1.6

-5.2

Sweden

46.6

33.7

-28%

44.3

30.8

-31%

2.2

2.9

Japan

28.2

23.7

-16%

48.8

35.7

-27%

-20.6

-12.0

Turkey

37.5

28.3

-25%

27.9

21.9

-21%

9.6

6.3

Main trading partners – EU27 - non seasonally adjusted data bn euro

EU27 exports to

EU27 imports from

Trade balance

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

United States

212.5

169.8

-20%

156.6

133.9

-14%

55.9

35.9

China

66.1

66.0

0%

204.9

177.3

-13%

-138.8

-111.3

Russia

89.9

53.5

-40%

155.1

93.0

-40%

-65.2

-39.5

Switzerland

82.4

72.5

-12%

67.4

61.4

-9%

15.0

11.0

Norway

37.7

31.0

-18%

81.5

57.4

-30%

-43.8

-26.4

Japan

35.5

29.7

-16%

64.1

46.3

-28%

-28.6

-16.7

Turkey

47.7

35.8

-25%

39.6

29.9

-25%

8.1

6.0

South Korea

22.0

17.4

-21%

32.9

26.7

-19%

-10.9

-9.3

India

26.9

22.0

-18%

25.2

21.3

-16%

1.7

0.7

Brazil

22.4

17.3

-23%

30.2

21.4

-29%

-7.8

-4.1

Member States’ total trade (intra-EU + extra-EU) - non seasonally adjusted data bn euro

Total exports

Total imports

Trade balance

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Growth

Jan-Oct 08

Jan-Oct 09

Belgium

275.9

218.9

-21%

271.0

207.5

-23%

4.9

11.4

Bulgaria

13.2

9.7

-27%

21.5

13.9

-35%

-8.3

-4.2

Czech Republic

86.0

67.6

-21%

82.4

62.2

-25%

3.5

5.4

Denmark

67.6

55.6

-18%

63.4

49.8

-21%

4.2

5.8

Germany

840.6

661.4

-21%

680.3

556.2

-18%

160.3

105.2

Estonia

7.3

5.3

-27%

9.3

6.0

-36%

-2.0

-0.6

Ireland

71.3

69.8

-2%

48.5

37.2

-23%

22.8

32.6

Greece

14.6

11.9

-19%

52.4

35.6

-32%

-37.8

-23.7

Spain

164.2

129.0

-21%

247.6

169.7

-31%

-83.4

-40.7

France

348.0

282.9

-19%

407.0

325.4

-20%

-59.0

-42.5

Italy

312.6

239.9

-23%

322.5

243.0

-25%

-9.9

-3.1

Cyprus

0.9

0.7

-20%

6.2

4.6

-25%

-5.2

-3.9

Latvia

5.9

4.4

-25%

9.4

5.6

-40%

-3.5

-1.2

Lithuania

13.8

9.6

-31%

18.3

10.8

-41%

-4.4

-1.2

Luxembourg

14.7

12.4

-16%

18.1

14.4

-21%

-3.4

-2.0

Hungary

63.2

49.5

-22%

63.5

45.7

-28%

-0.3

3.8

Malta

1.7

1.2

-26%

2.8

2.2

-22%

-1.1

-0.9

Netherlands

369.1

293.1

-21%

335.5

261.0

-22%

33.6

32.1

Austria

105.6

81.3

-23%

106.3

84.9

-20%

-0.7

-3.6

Poland

100.5

79.9

-20%

121.8

86.7

-29%

-21.4

-6.8

Portugal

32.7

25.7

-21%

52.2

41.0

-22%

-19.5

-15.2

Romania

29.2

23.9

-18%

49.3

31.8

-36%

-20.2

-7.9

Slovenia

20.0

15.7

-22%

21.6

15.6

-28%

-1.6

0.1

Slovakia

41.4

32.9

-21%

42.4

32.3

-24%

-1.0

0.6

Finland

56.6

37.4

-34%

53.6

35.6

-34%

3.0

1.8

Sweden

107.8

77.6

-28%

98.1

69.6

-29%

9.7

8.0

United Kingdom

268.0

207.1

-23%

369.3

285.0

-23%

-101.2

-77.9

Annex - Seasonally adjusted data

Seasonally adjusted series have been calculated using one harmonised methodology. The seasonally adjusted series give a complementary view of the monthly evolution of trade. Seasonally adjusted figures may not match those published by Member States due to differences in the raw data 3 in the choice of seasonal adjustment model and to the use of series in national currency or in euro.

EA16 trade - seasonally adjusted data bn euro

Flows

Jun 09

Jul 09

Aug 09

Sep 09

Oct 09

Nov 09

Growth:

Jul/Jun

Aug/Jul

Sep/Aug

Oct/Sep

Nov/Oct

Extra- EA16 exports

103.7

108.4

103.9

108.6

108.5

108.0

4.5%

-4.1%

4.5%

-0.1%

-0.4%

Extra-EA16 imports

102.0

102.8

102.0

104.8

103.8

104.1

0.8%

-0.8%

2.7%

-1.0%

0.3%

Extra-EA16 trade balance

1.7

5.6

1.9

3.8

4.7

3.9

Intra-EA16 dispatches

102.7

108.5

107.9

110.1

109.3

107.7

5.6%

-0.6%

2.1%

-0.7%

-1.5%

EU27 trade - seasonally adjusted data bn euro

Flows

Jun 09

Jul 09

Aug 09

Sep 09

Oct 09

Nov 09

Growth:

Jul/Jun

Aug/Jul

Sep/Aug

Oct/Sep

Nov/Oct

Extra- EU27 exports

90.2

92.9

89.1

92.1

92.3

94.0

3.0%

-4.1%

3.4%

0.2%

1.9%

Extra- EU27 imports

98.0

98.0

97.2

99.5

98.6

100.1

0.0%

-0.9%

2.4%

-0.9%

1.5%

Extra- EU27 trade balance

-7.8

-5.1

-8.1

-7.4

-6.3

-6.1

Intra- EU27 dispatches

175.2

184.2

183.0

187.7

186.6

182.7

5.1%

-0.7%

2.6%

-0.6%

-2.1%

Contribution of EU27 Member States to extra-EU27 trade - seasonally adjusted data bn euro

Total exports

Total imports

Trade balance

Oct 09

Nov 09

Growth

Oct 09

Nov 09

Growth

Oct 09

Nov 09

EU27

92.3

94.0

1.9%

98.6

100.1

1.5%

-6.3

-6.1

Belgium

4.9

6.0

22.0%

5.9

5.7

-2.5%

-0.9

0.3

Bulgaria

0.4

0.4

-3.4%

0.6

0.5

-11.4%

-0.2

-0.1

Czech Republic

1.0

1.1

6.7%

1.4

1.5

5.1%

-0.4

-0.4

Denmark

1.8

2.1

16.9%

1.6

1.5

-5.3%

0.2

0.6

Germany

26.0

27.1

4.3%

19.0

18.9

-0.8%

6.9

8.2

Estonia

0.2

0.2

9.0%

0.1

0.1

-10.6%

0.1

0.1

Ireland

2.5

2.4

-5.7%

1.0

1.3

27.9%

1.5

1.1

Greece

0.4

0.4

-9.7%

1.2

1.3

8.4%

-0.7

-0.9

Spain

4.5

3.9

-12.5%

6.8

7.0

2.5%

-2.3

-3.1

France

10.7

10.7

0.2%

10.0

10.7

7.0%

0.7

0.0

Italy

9.7

10.3

5.3%

10.2

10.4

1.7%

-0.5

-0.1

Cyprus

0.0

0.0

-18.3%

0.1

0.1

2.5%

-0.1

-0.1

Latvia

0.2

0.2

-8.8%

0.1

0.1

1.6%

0.0

0.0

Lithuania

0.4

0.3

-12.1%

0.5

0.5

4.2%

-0.1

-0.2

Luxembourg

0.1

0.2

10.2%

0.3

0.4

15.8%

-0.2

-0.2

Hungary

1.1

1.1

1.3%

1.5

1.6

3.8%

-0.4

-0.4

Malta

0.1

0.1

7.3%

0.1

0.0

-8.8%

0.0

0.0

Netherlands

6.9

6.9

-0.7%

13.8

14.1

2.3%

-6.9

-7.2

Austria

2.3

2.3

-2.7%

1.8

1.8

-0.1%

0.5

0.4

Poland

1.6

1.8

10.8%

2.5

2.5

-0.1%

-0.9

-0.7

Portugal

0.7

0.7

2.6%

1.0

1.0

-0.5%

-0.3

-0.3

Romania

0.6

0.7

15.9%

0.8

0.9

9.0%

-0.3

-0.2

Slovenia

0.5

0.5

0.6%

0.5

0.5

2.0%

0.0

0.0

Slovakia

0.5

0.5

-0.5%

0.9

0.9

0.3%

-0.4

-0.4

Finland

2.6

1.7

-36.3%

1.2

1.3

9.3%

1.4

0.3

Sweden

3.2

3.1

-1.9%

2.2

2.3

4.2%

1.0

0.8

United Kingdom

9.4

9.6

2.3%

13.5

13.3

-1.7%

-4.1

-3.7

Seasonally adjusted data

Figures and graphics available in PDF and WORD PROCESSED


Figures and graphics available in PDF and WORD PROCESSED


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