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Home News Europe Euro Area International Trade in Goods Surplus 13.1 bn euro - September 2013


Euro Area International Trade in Goods Surplus 13.1 bn euro - September 2013
added: 2013-11-20

The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in September 2013 gave a 13.1 billion euro surplus, compared with +8.6 bn in September 2012. The August 2013 balance was +6.9 bn, compared with +5.1 bn in August 2012. In September 2013 compared with August 2013, seasonally adjusted exports rose by 1.0% while imports fell by 0.3%. These data are released by Eurostat, the statistical office of the European Union.

The first estimate for the September 2013 extra-EU281 trade balance was a 0.6 bn euro surplus, compared with -14.5 bn in September 2012. In August 2013 the balance was -2.4 bn, compared with -14.5 bn in August 2012. In September 2013 compared with August 2013, seasonally adjusted exports rose by 0.2% while imports fell by 0.2%.

EU28 detailed results for January to August 2013

The EU28 deficit for energy decreased (-255.5 bn euro in January-August 2013 compared with -280.8 bn in January-August 2012), while the surplus for manufactured goods increased (+260.4 bn compared with +227.9 bn).

EU28 imports from most of its major partners fell in January-August 2013 compared with January-August 2012, except for Turkey (+4%) and India (0%). The most notable decreases were recorded for imports from Japan (-17%), Brazil (-15%) and Norway (-11%). The pattern was mixed for EU28 exports, with the largest increases registered for exports to Switzerland (+32%) and Turkey (+5%) and the most notable falls for exports to India (-4%), the USA and Japan (both -3%).

The EU28 trade surplus increased significantly with Switzerland (+56.2 bn euro in January-August 2013 compared with +23.8 bn in January-August 2012) and more moderately with the USA (+59.9 bn compared with +56.2 bn), Turkey (+19.4 bn compared with +17.9 bn) and Brazil (+5.0 bn compared with +0.4 bn). The EU28 trade deficit fell with China (-85.1 bn compared with -96.1 bn), Russia (-58.6 bn compared with -59.9 bn), Norway (-27.7 bn compared with -36.2 bn) and Japan (-1.4 bn compared with -7.4 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+127.8 bn euro in January-August 2013), followed by the Netherlands (+36.0 bn), Ireland (+25.3 bn), Italy (+19.3 bn) and Belgium (+11.4 bn). France (-50.1 bn) registered the largest deficit, followed by the United Kingdom (-44.5 bn) and Greece (-12.9 bn).


Source: Eurostat

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