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Euro Area External Trade Deficit 4.1 bn euro in April 2011
added: 2011-06-20

The first estimate for the euro area (EA17) trade balance with the rest of the world in April 2011 gave a 4.1 bn euro deficit, compared with -0.7 bn in April 2010. The March 2011 balance was +1.6 bn, compared with +2.7 bn in March 2010. In April 2011 compared with March 2011, seasonally adjusted exports rose by 0.6% and imports by 1.1%.

The first estimate for the April 2011 extra-EU27 trade balance was a 15.9 bn euro deficit, compared with ‑12.0 bn in April 2010. In March 2011 the balance was -10.6 bn, compared with -8.9 bn in March 2010. In April 2011 compared with March 2011, seasonally adjusted exports fell by 0.8% and imports by 0.1%.

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

EU27 detailed results for January to March 2011

The EU27 deficit for energy increased significantly (-92.2 bn euro in January-March 2011 compared with -69.3 bn in January-March 2010), while the surplus for manufactured goods rose notably (+50.0 bn compared with +35.0 bn).

EU27 trade with all its major partners grew in January-March 2011 compared with January-March 2010. The highest increases were recorded for exports to Turkey (+47%), Russia (+40%), China and South Korea (both +30%), and for imports from Russia (+33%), Norway and Brazil (both +28%) and India (+27%).

The EU27 trade surplus increased with the USA (+17.1 bn euro in January-March 2011 compared with +14.0 bn in January-March 2010), Turkey (+6.2 bn compared with +2.8 bn) and Switzerland (+6.0 bn compared with +4.3 bn). The EU27 trade deficit increased with China (-38.6 bn compared with -34.8 bn), Russia (-24.9 bn compared with ‑19.5 bn), Norway (-12.3 bn compared with -9.5 bn) and Japan (-6.1 bn compared with -5.1 bn), but fell with South Korea (-1.2 bn compared with -2.8 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+40.6 bn euro in January-March 2011), followed by the Netherlands (+10.7 bn) and Ireland (+10.2 bn). The United Kingdom (‑28.6 bn) registered the largest deficit, followed by France (-23.2 bn), Italy (-14.2 bn), Spain (-12.6 bn), Greece (‑5.5 bn) and Portugal (-4.3 bn).


Source: Eurostat

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