Luxembourg, 15 November 2011 - The first estimate for euro area (EA17) trade with the rest of the world in September 2011 gave a 2.9 bn euro surplus, compared with +0.5 bn euro in September 2010. The August 2011 balance was -4.4 bn, compared with -6.2 bn in August 2010. In September 2011 compared with August 2011, seasonally adjusted exports fell by 1.0% and imports by 3.2%. The first estimate for the September 2011 extra-EU271 trade balance was a 10.5 bn euro deficit, compared with -13.9 bn in September 2010. In August 2011 the balance was -17.8 bn, compared with -19.3 bn in August 2010. In September 2011 compared with August 2011, seasonally adjusted exports fell by 0.7% and imports by 3.4%.
These data are released by Eurostat, the statistical office of the European Union.
EU27 detailed results for January to August 2011
The EU27 deficit for energy increased significantly (-249.4 bn euro in January-August 2011 compared with -196.5 bn in January-August 2010), while the surplus for manufactured goods rose notably (+155.2 bn compared with +108.3 bn).
EU27 trade with all its major partners grew in January-August 2011 compared with January-August 2010, except for imports from South Korea (-9%). The highest increases were recorded for exports to Russia (+30%), Turkey (+29%), China and India (both +22%) and South Korea (+18%), and for imports from Russia (+26%), Brazil and India (both +23%), Norway (+20%) and Turkey (+18%).
The EU27 trade surplus increased with the USA (+48.5 bn euro in January-August 2011 compared with +44.8 bn in January-August 2010), Switzerland (+17.2 bn compared with +12.2 bn) and Turkey (+16.8 bn compared with +10.7 bn). The EU27 trade deficit increased with Russia (-62.2 bn compared with -50.7 bn) and Norway (-31.5 bn compared with -24.8 bn), remained nearly stable with China (-103.0 bn compared with -104.2 bn) and Japan (-13.7 bn compared with -14.8 bn), but fell with South Korea (-2.8 bn compared with -8.2 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+100.6 bn euro in January-August 2011), followed by the Netherlands (+28.8 bn) and Ireland (+28.2 bn). The United Kingdom (-76.3 bn) registered the largest deficit, followed by France (-58.0 bn), Spain (-31.5 bn), Italy (-23.4 bn), Greece (-11.9 bn) and Portugal (-11.1 bn).
Issued by: Eurostat Press Office