Trade deficit in EU, surplus in eurozone
Friday 15 June 2012
According to Eurostat’s initial estimates for April 2012, the eurozone registered a €5.2 billion surplus in its trade in goods with the rest of the world, compared with a deficit of €4.5 bn in April 2011. By contrast, the first estimates for the extra-EU27 balance of trade in goods, for April 2012, shows a deficit of €12 bn, compared with -€17.2 bn in April 2011. The EU27 deficit for energy increased (-€109.9 bn in January-March 2012, compared with -€94.1 bn in January-March 2011), as did the surplus for manufactured goods (+€76.7 bn compared with +€49.4 bn). The EU27 trade surplus increased with the US (+€18.1 bn in January-March 2012, compared with +€16.2 bn in January-March 2011), but fell with Switzerland (+€11.5 bn compared with +€12.7 bn) and Turkey (+€5.6 bn compared with +€6.2 bn). The EU27 trade deficit fell with China (-€34 bn compared with -€38.9 bn) and Japan (-€3.3 bn compared with -€6.3 bn), increased with Norway (-€15.7 bn compared with -€12.4 bn), and remained nearly stable with Russia (-€26.7 bn compared with -€26.3 bn).