EU external trade deficit at 7.2 bn euro
Friday 13 January 2012
According to initial estimates for November 2011, published by Eurostat, on 13 January, the eurozone registered a trade surplus of €6.9 billion with the rest of the world (compared with a deficit of €2.3 billion in November 2010). In contrast, estimates for the extra-EU27 trade balance show a deficit of €7.2 billion, compared with -€16.8 billion in November 2010 (in October 2011, the balance was -€11.2 bn). For the period of January to October 2011, the EU27 trade surplus increased slightly with the United States (+€60.8 bn in January-October 2011 compared with +€60.1 bn in January-October 2010) and more significantly with Switzerland (+€24.1 bn compared with +€16.6 bn) and Turkey (+€21.3 bn compared with +€14.7 bn). The EU27 trade deficit fell with China (-€132.2 bn compared with -€139.8 bn), Japan (-€16.1 bn compared with -€18.3 bn) and South Korea (-€3.9 bn compared with -€9.6 bn), but increased with Russia (-€76 bn compared with -€61.1 bn) and Norway (-€38.7 bn compared with -€29.8 bn).