Eurostat News Release: September 2014 Euro area international trade in goods surplus €18.5 bn – €2.6 bn surplus for EU28, 18 Νοεμβρίου.
The first estimate for the euro area (EA18) trade in goods balance with the rest of the world in September 2014 gave a €18.5 billion surplus, compared with +€10.8 bn in September 2013. The August 2014 balance was +€8.6 bn, compared with +€7.2 bn in August 2013. In September 2014 compared with August 2014, seasonally adjusted exports rose by 4.2% and imports by 3.0%.
These data are released by Eurostat, the statistical office of the European Union.
The first estimate for the September 2014 extra-EU28 trade balance was a €2.6 bn surplus, compared with -€0.7 bn in September 2013. In August 2014 the balance was -€8.8 bn, compared with -€2.3 bn in August 2013. In September 2014 compared with August 2014, seasonally adjusted exports rose by 5.8% and imports by 3.2%.
EU28 detailed results for January to August 2014
The EU28 deficit for energy decreased (-€230.6 bn in January-August 2014 compared with -€253.3 bn in January-August 2013), as did the surplus for machinery and vehicles (+€165.8 bn compared with +€181.4 bn).
The highest increases in EU28 exports were registered with China (+10% in January-August 2014 compared with January-August 2013), South Korea (+8%) and the United States (+4%), and for EU28 imports with South Korea (+9%), Turkey (+6%), China and Switzerland (both +5%). The most notable decreases were recorded for exports to Switzerland (-23%), Russia (-12%) and India (-9%), and for imports from Russia and Norway (both -8%) and Brazil (-5%).
The EU28 trade surplus increased with the USA (+€65.1 bn in January-August 2014 compared with +€60.8 bn in January-August 2013), but decreased with Switzerland (+€26.0 bn compared with +€56.0 bn) and Turkey (+€12.6 bn compared with +€18.9 bn). The EU28 trade deficit fell with Norway (-€23.7 bn compared with -€28.0 bn), and remained nearly stable with China (-€85.4 bn compared with -€85.3 bn) and Russia (-€58.0 bn compared with -€59.0 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+€138.8 bn in January-August 2014), followed by the Netherlands (+€38.5 bn), Italy (+€26.2 bn), Ireland (+€23.2 bn) and the Czech Republic (+€10.8 bn). The United Kingdom (-€89.8 bn) registered the largest deficit, followed by France (-€49.3 bn), Spain (-€16.6 bn) and Greece (-€13.6 bn).
