Friday, January 15, 2010

EU Trade results for January-October 2009

According to Eurostat, the statistical office of the European Union:

EU Trade results for January-October 2009

Categories:

The EU 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).


Trade Partners:

EU trade flows with all of its major partners fell, except for exports to China which remained stable.

The largest decreases were recorded
a) 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
b) for imports from Russia (-40%), Norway (-30%), Brazil (-29%), Japan (-28%) and Turkey (-25%).

The smallest decreases were observed for trade with Switzerland , for both exports (-12%) and imports (-9%).


The EU 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 ).

Member States:

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).

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