Eurostat News Release: October 2014 – Euro area international trade in goods surplus €24.0 bn – €7.6 bn surplus for EU28, 16 Δεκεμβρίου.
The first estimate for the euro area (EA18) trade in goods balance with the rest of the world in October 2014 gave a €24.0 billion surplus, compared with +€16.5 bn in October 2013. The September 2014 balance was +€18.1 bn, compared with +€10.9 bn in September 2013. In October 2014 compared with September 2014, seasonally adjusted exports fell by 0.3% and imports by 1.3%.
These data are released by Eurostat, the statistical office of the European Union.
The first estimate for the October 2014 extra-EU28 trade balance was a €7.6 bn surplus, compared with +€4.1 bn in October 2013. In September 2014 the balance was +€2.7 bn, compared with -€0.7 bn in September 2013. In October 2014 compared with September 2014, seasonally adjusted exports fell by 0.7% and imports by 1.4%.
EU28 detailed results for January to September 2014
The EU28 deficit for energy decreased (-€258.6 bn in January-September 2014 compared with -€284.4 bn in January-September 2013), as did the surplus for machinery and vehicles (+€189.5 bn compared with +€203.4 bn).
The highest increases in EU28 exports were registered with China (+11% in January-September 2014 compared with January-September 2013), South Korea (+10%) and the United States (+6%), and for EU28 imports with South Korea (+10%), China and Turkey (both +7%). The most notable decreases were recorded for exports to Switzerland (-21%), Russia (-12%), Turkey and Brazil (both -7%), and for imports from Russia (-9%), Norway (-8%) and Brazil (-5%).
The EU28 trade surplus increased with the USA (+€75.8 bn in January-September 2014 compared with +€69.1 bn in January-September 2013), but decreased with Switzerland (+€30.6 bn compared with +€61.1 bn) and Turkey (+€14.2 bn compared with +€21.2 bn). The EU28 trade deficit fell with Russia (-€63.3 bn compared with -€65.9 bn) and Norway (-€25.7 bn compared with-€30.7 bn), while increased with China (-€100.6 bn compared with -€98.2 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+€161.1 bn in January-September 2014), followed by the Netherlands (+€44.7 bn), Italy (+€28.2 bn), Ireland (+€26.6 bn) and the Czech Republic (+€12.5 bn). The United Kingdom (-€102.4 bn) registered the largest deficit, followed by France (-€55.5 bn), Spain (-€19.4 bn) and Greece (-€15.7 bn).
