Tuesday, November 17, 2009

EU trade stats for January-August 2009

EU January-August 2009 detailed results by Eurostat:

The EU deficit decreased for
a) energy (-152.3 bn euro in January-August 2009 compared with -261.1 bn in January-August
b) raw materials (-12.1 bn compared with -27.5 bn).

The EU surplus fell for:
Machinery and vehicles (+68.6 bn compared with +100.9 bn),

The EU surplus rose for:
Chemicals (+53.6 bn compared with +51.0 bn).

EU trade flows with its major partners

EU trade flows with all of its major partners fell!

The largest decreases were recorded for exports to:
Russia (-40% in January-August 2009 compared with January-August 2008)
Turkey (-28%)
South Korea and Brazil (both -23%)
the USA and Norway (both -20%), and

The largest decreases for imports were from:
Russia (-43%)
Norway (-31%)
Japan (-29%)
Brazil (-28%) and
Turkey (-26%).

The EU trade surplus decreased with the:
* USA (+26.1 bn euro in January-August 2009 compared with +42.6 bn in January-August 2008)
* Switzerland (+8.6 bn compared with +12.2 bn).

The EU trade deficit decreased with:
China (-86.4 bn compared with -102.5 bn),
Russia (-29.1 bn compared with -55.2 bn),
Norway (-21.9 bn compared with -36.5 bn ) and
Japan (-13.0 bn compared with -22.9 bn ).


Member States

The largest surplus was observed in Germany (+81.3 bn euro)
followed by Ireland (+25.9 bn) and the Netherlands (+23.2 bn).

The United Kingdom (-61.3 bn) registered the largest deficit
followed by France (-34.5 bn), Spain (-31.4 bn), Greece (-19.0 bn) and Portugal (-11.6 bn)

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Nick

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