121/2012-17 August 2012 June 2012 Euro area international trade in goods surplus of 14.9 0.4 surplus for EU27 The first estimate for the euro area 1 (EA17) trade in goods balance with the rest of the world in June 2012 gave a 14.9 surplus, compared with +0.2 bn in June 2011. The May 2012 2 balance was +7.1 bn, compared with -0.9 bn in May 2011. In June 2012 compared with May 2012, seasonally adjusted exports rose by 2.4% and imports remained almost stable. The first estimate for the June 2012 extra-eu27 1 trade in goods balance was a 0.4 surplus, compared with -15.3 bn in June 2011. In May 2012 2 the balance was -3.8 bn, compared with -14.2 bn in May 2011. In June 2012 compared with May 2012, seasonally adjusted exports rose by 2.1% and imports by 0.9%. These data 3 are released by Eurostat, the statistical office of the European Union. EU27 detailed results for January to May 2012 The EU27 deficit for energy increased (-176.6 in January-May 2012 compared with -156.8 bn in January- May 2011), as did the surplus for manufactured goods (+133.8 bn compared with +90.6 bn). EU27 exports to most of its major partners grew in January-May 2012 compared with January-May 2011, except for Turkey and India (both -4%). The most notable increases were recorded for exports to Russia (+18%), South Korea (+16%), Brazil (+15%) and Japan (+14%). As regards EU27 imports, the pattern was mixed. The largest increases were recorded for imports from Norway (+12%) and the USA (+9%), and the largest falls with India (-10%) and Japan (-6%). The EU27 trade surplus increased with the USA (+32.5 in January-May 2012 compared with +28.2 bn in January-May 2011), but fell with Switzerland (+18.2 bn compared with +19.0 bn) and Turkey (+10.5 bn compared with +11.0 bn). The EU27 trade deficit fell with China (-56.4 bn compared with -62.4 bn), Russia (-42.8 bn compared with -45.3 bn) and Japan (-5.8 bn compared with -10.1 bn), but increased with Norway (-24.8 bn compared with -20.4 bn). Concerning the total trade of Member States, the largest surplus was observed in Germany (+74.7 in January-May 2012), followed by the Netherlands (+20.4 bn) and Ireland (+16.9 bn). The United Kingdom (-60.9 bn) registered the largest deficit, followed by France (-36.1 bn) and Spain (-16.8 bn).
EA17 trade - non seasonally adjusted data Flows Jun 11 Jun 12 Growth May 11 May 12 Growth Jan-Jun 11 Jan-Jun 12 Growth Extra-EA17 exports 143.8 161.5 12% 149.5 r 158.1 r 6% 851.2 921.5 8% Extra-EA17 imports 143.6 146.6 2% 150.4 151.0 r 0% 874.2 895.3 2% Extra-EA17 trade balance 0.2 14.9-0.9 r 7.1 r -23.0 26.2 Intra-EA17 dispatches 4 139.9 137.9-1% 142.4 r 138.2 r -3% 828.4 824.4 0% EU27 trade - non seasonally adjusted data Flows Jun 11 Jun 12 Growth May 11 May 12 Growth Jan-Jun 11 Jan-Jun 12 Growth Extra-EU27 exports 125.3 146.0 17% 132.3 r 144.5 r 9% 755.8 828.1 10% Extra-EU27 imports 140.5 145.6 4% 146.5 r 148.3 r 1% 851.2 888.0 4% Extra-EU27 trade balance -15.3 0.4-14.2 r -3.8-95.4-60.0 Intra-EU27 dispatches 4 240.2 239.1 0% 244.9 r 240.5 r -2% 1 422.3 1 429.6 1% r: revised 1. The euro area (EA17) consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The EU27 includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom. 2. Compared with News Release 108/2012 of 16 July 2012, the trade balance for May 2012 has been revised from +6.9 bn euro to +7.1 bn for the EA17 and remains unchanged at -3.8 bn for the EU27. 3. This News Release is based on data available on 10 August 2012. These are provisional figures based on information provided by Member States. They are subject to frequent revision for up to two years after the month in question. Furthermore, national concepts may differ from the harmonised methodology used by Eurostat, leading to differences between figures in this release and those published nationally, both for raw data and for seasonally adjusted series. 4. Since the introduction of Intrastat for intra-eu trade on 1 January 1993, the value of dispatches has been consistently higher than that of arrivals. In theory, as dispatches are declared FOB and arrivals CIF, the value of arrivals should be slightly higher than that of dispatches. Eurostat uses dispatches as the more reliable measure of total intra-eu trade as, at aggregated levels, total dispatches has better coverage than total arrivals. Due to this divergence in intra-eu trade, and to the difficulties of interpreting figures in absolute terms at the level of individual Member States, trade balances for individual Member States must be interpreted with caution. The same caution applies to the trade balance of the euro area, which includes some intra-eu trade. Issued by: Eurostat Press Office Tim ALLEN Tel: +352-4301-35 108 eurostat-pressoffice@ec.europa.eu For further information on data: Gilberto GAMBINI Tel: +352-4301-35 806 estat-etfree@ec.europa.eu Eurostat news releases on the internet: http://ec.europa.eu/eurostat Selected Principal European Economic Indicators: http://ec.europa.eu/eurostat/euroindicators
EA17 trade - previous 6 months - non seasonally adjusted data Flows Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 Extra-EA17 exports 155.9 r 148.2 r 138.7 r 150.0 r 165.5 r 147.8 r Extra-EA17 imports 150.4 r 139.0 r 147.3 r 148.2 r 158.3 r 143.9 r Extra-EA17 trade balance 5.5 9.2 r -8.6 r 1.7 r 7.2 3.9 r Intra-EA17 dispatches 140.3 r 124.8 r 131.1 r 136.6 150.2 130.4 r EU27 trade - previous 6 months - non seasonally adjusted data Flows Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 Extra-EU27 exports 139.0 r 137.9 r 124.0 133.4 r 148.1 r 132.1 r Extra-EU27 imports 147.7 r 137.3 r 148.6 145.9 r 155.2 r 144.5 r Extra-EU27 trade balance -8.7 r 0.7 r -24.6 r -12.5 r -7.1 r -12.4 r Intra-EU27 dispatches 245.9 r 215.4 r 228.1 r 236.4 259.1 r 226.4 r r: revised Main products - EA17 - non seasonally adjusted data EA17 exports EA17 imports Trade balance Primary goods: 107.5 119.3 11% 255.2 278.7 9% -147.7-159.4 Food & drink 48.5 51.2 6% 43.2 44.2 2% 5.2 7.0 Raw materials 18.8 20.4 8% 38.0 36.2-5% -19.2-15.8 Energy 40.2 47.7 18% 174.0 198.2 14% -133.8-150.5 Manufactured goods: 581.0 618.8 7% 464.4 457.1-2% 116.6 161.7 Chemicals 120.9 128.2 6% 76.0 78.6 3% 44.9 49.6 Machinery & vehicles 288.5 310.1 7% 211.9 210.0-1% 76.6 100.1 Other manuf d goods 171.6 180.5 5% 176.6 168.5-5% -5.0 12.0 Other 18.9 22.0 16% 11.0 12.9 17% 7.9 9.0 Total 707.4 760.0 7% 730.7 748.7 2% -23.2 11.4 Main products EU27 - non seasonally adjusted data EU27 exports EU27 imports Trade balance Primary goods: 96.7 111.0 15% 274.7 302.2 10% -178.0-191.2 Food & drink 35.2 38.3 9% 38.3 38.4 0% -3.1-0.1 Raw materials 18.5 20.6 11% 36.6 35.1-4% -18.1-14.5 Energy 42.9 52.0 21% 199.8 228.6 14% -156.8-176.6 Manufactured goods: 508.4 549.9 8% 417.8 416.1 0% 90.6 133.8 Chemicals 105.2 112.8 7% 64.9 67.4 4% 40.3 45.4 Machinery & vehicles 260.6 284.0 9% 185.4 188.6 2% 75.2 95.5 Other manuf d goods 142.6 153.0 7% 167.5 160.1-4% -24.9-7.1 Other 25.5 21.2-17% 18.2 24.2 33% 7.4-3.0 Total 630.6 682.1 8% 710.7 742.5 4% -80.1-60.4
Main trading partners - EA17 - non seasonally adjusted data EA17 exports to EA17 imports from Trade balance United Kingdom 88.0 94.3 7% 68.4 70.7 3% 19.6 23.6 United States 82.4 91.2 11% 59.8 63.8 7% 22.6 27.4 China 46.6 50.2 8% 87.9 86.1-2% -41.3-35.9 Russia 30.3 35.2 16% 61.5 62.3 1% -31.1-27.1 Switzerland 43.9 49.0 12% 32.4 33.0 2% 11.5 16.0 Poland 37.7 37.1-2% 29.2 29.4 1% 8.4 7.6 Czech Republic 26.7 27.4 3% 31.3 32.2 3% -4.6-4.8 Sweden 25.9 25.2-3% 22.5 22.0-3% 3.4 3.3 Japan 15.4 17.5 13% 22.8 21.1-8% -7.4-3.6 Turkey 24.8 24.1-3% 15.3 14.3-7% 9.5 9.8 Main trading partners EU27 - non seasonally adjusted data EU27 exports to EU27 imports from Trade balance United States 108.7 120.1 10% 80.5 87.6 9% 28.2 32.5 China 54.6 59.7 9% 117.0 116.1-1% -62.4-56.4 Russia 40.9 48.1 18% 86.2 90.9 5% -45.3-42.8 Switzerland 56.9 57.4 1% 37.9 39.2 3% 19.0 18.2 Norway 19.6 20.0 2% 40.0 44.8 12% -20.4-24.8 Turkey 31.6 30.5-4% 20.7 20.0-3% 11.0 10.5 Japan 19.3 21.9 14% 29.5 27.7-6% -10.1-5.8 India 16.9 16.2-4% 17.2 15.5-10% -0.3 0.7 Brazil 14.0 16.1 15% 15.8 15.6-2% -1.8 0.5 South Korea 13.1 15.2 16% 15.4 15.5 1% -2.3-0.3 Member States total trade (intra-eu + extra-eu) - non seasonally adjusted data Total exports Total imports Trade balance Belgium 146.2 147.8 1% 142.0 141.4 0% 4.2 6.4 Bulgaria 8.1 8.2 1% 9.2 10.3 12% -1.1-2.1 Czech Republic 48.3 51.3 6% 45.0 45.7 2% 3.3 5.6 Denmark 33.8 34.3 2% 29.0 30.4 5% 4.8 3.8 Germany 436.2 454.8 4% 370.4 380.1 3% 65.8 74.7 Estonia 5.0 5.0 2% 5.3 5.5 4% -0.3-0.5 Ireland 38.0 37.3-2% 21.1 20.3-4% 16.9 16.9 Greece 8.8 10.3 17% 19.2 17.3-10% -10.4-6.9 Spain 92.8 93.6 1% 113.3 110.4-3% -20.5-16.8 France 179.8 185.0 3% 218.1 221.0 1% -38.3-36.1 Italy 154.7 160.8 4% 172.9 163.4-5% -18.2-2.6 Cyprus 0.6 0.6 2% 2.6 2.4-9% -2.0-1.8 Latvia 3.6 4.1 14% 4.3 5.1 18% -0.8-1.0 Lithuania 7.9 8.5 8% 9.1 9.5 5% -1.2-1.1 Luxembourg 6.6 6.6-1% 8.2 8.9 9% -1.6-2.3 Hungary 33.7 33.5-1% 30.5 30.6 1% 3.2 2.8 Malta 1.2 1.4 12% 1.9 1.9 0% -0.7-0.5 Netherlands 198.7 211.6 7% 177.5 191.2 8% 21.2 20.4 Austria 52.8 53.5 1% 56.6 56.8 0% -3.7-3.2 Poland 55.9 57.5 3% 62.1 62.8 1% -6.2-5.3 Portugal 17.4 18.9 9% 25.0 23.5-6% -7.7-4.6 Romania 18.3 18.5 1% 22.0 22.2 1% -3.7-3.6 Slovenia 10.3 10.4 1% 10.6 10.5-1% -0.3-0.1 Slovakia 23.1 25.3 9% 22.8 23.6 4% 0.3 1.6 Finland 23.7 23.7 0% 25.3 25.0-1% -1.6-1.3 Sweden 57.2 57.0 0% 53.9 53.0-2% 3.3 3.9 United Kingdom 150.0 153.3 2% 193.8 214.2 10% -43.8-60.9
Annex - Seasonally adjusted data Seasonally adjusted series have been calculated using a harmonised methodology. The seasonally adjusted series give a complementary view of the monthly developments in trade. Seasonally adjusted figures may not match those published by Member States due to differences in the raw data 3, in the choice of seasonal adjustment model and to the use of series in national currency or in euro. EA17 trade - seasonally adjusted data Flows Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Growth: Feb/Jan Mar/Feb Apr/Mar May/Apr Jun/May Extra-EA17 exports 153.3 154.0 155.7 153.6 154.2 157.9 0.4% 1.1% -1.4% 0.4% 2.4% Extra-EA17 imports 148.5 152.0 151.1 148.8 147.4 147.5 2.4% -0.6% -1.6% -0.9% 0.0% Extra-EA17 trade balance 4.9 2.0 4.5 4.8 6.8 10.5 Intra-EA17 dispatches 134.3 135.2 135.8 133.5 134.7 135.3 0.7% 0.4% -1.7% 0.9% 0.4% EU27 trade - seasonally adjusted data Flows Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Growth: Feb/Jan Mar/Feb Apr/Mar May/Apr Jun/May Extra-EU27 exports 138.9 137.8 141.6 138.6 140.9 143.8-0.8% 2.8% -2.1% 1.6% 2.1% Extra-EU27 imports 147.5 151.1 150.1 148.7 146.0 147.3 2.4% -0.6% -0.9% -1.8% 0.9% Extra-EU27 trade balance -8.6-13.2-8.5-10.1-5.2-3.5 Intra-EU27 dispatches 235.6 236.1 236.2 233.2 234.0 234.9 0.2% 0.0% -1.3% 0.3% 0.4% Contribution of EU27 Member States to extra-eu27 trade - seasonally adjusted data Total exports Total imports Trade balance May 12 Jun 12 Growth May 12 Jun 12 Growth May 12 Jun 12 EU27 140.9 143.8 2.1% 146.0 147.3 0.9% -5.2-3.5 Belgium 8.5 9.1 6.1% 9.0 8.7-2.8% -0.5 0.3 Bulgaria 0.8 0.7-5.4% 1.0 0.9-10.2% -0.2-0.1 Czech Republic 1.9 2.0 1.9% 2.4 2.3-4.0% -0.5-0.4 Denmark 2.7 2.5-8.5% 1.8 1.8-2.3% 0.9 0.7 Germany 38.4 40.9 6.6% 27.9 28.3 1.5% 10.5 12.6 Estonia 0.3 0.3 5.3% 0.3 0.2-15.6% 0.0 0.1 Ireland 3.0 3.0 1.6% 1.3 1.3-0.7% 1.6 1.7 Greece 1.1 1.2 7.3% 1.5 1.5-2.3% -0.4-0.3 Spain 6.7 6.8 1.4% 9.2 9.5 3.6% -2.5-2.7 France 14.7 14.9 1.0% 13.4 15.6 17.0% 1.4-0.8 Italy 15.3 15.6 2.0% 15.6 14.6-6.6% -0.3 1.0 Cyprus 0.0 0.0-9.2% 0.2 0.2-5.7% -0.1-0.1 Latvia 0.3 0.3 2.0% 0.2 0.3 5.2% 0.1 0.1 Lithuania 0.7 0.7 11.3% 0.4 0.8 77.8% 0.2-0.1 Luxembourg 0.2 0.2 3.2% 0.4 0.3-18.3% -0.2-0.1 Hungary 1.7 1.8 3.2% 1.9 1.8-1.7% -0.1-0.1 Malta 0.2 0.2-18.2% 0.1 0.2 5.3% 0.1 0.0 Netherlands 10.5 10.1-3.7% 21.2 20.6-2.6% -10.7-10.5 Austria 3.3 3.5 5.1% 2.7 2.9 7.6% 0.6 0.6 Poland 2.7 2.9 3.8% 4.2 4.0-5.1% -1.5-1.1 Portugal 1.1 1.1-4.6% 1.4 1.1-18.0% -0.2 0.0 Romania 1.1 1.0-5.4% 1.3 1.3-0.9% -0.2-0.2 Slovenia 0.6 0.7 4.1% 0.7 0.7 9.1% 0.0 0.0 Slovakia 0.9 0.9-0.3% 1.3 1.3 2.4% -0.3-0.4 Finland 2.1 2.1-3.4% 1.8 1.7-5.0% 0.3 0.4 Sweden 4.9 4.8-1.0% 3.4 3.4 0.4% 1.5 1.4 United Kingdom 16.9 16.5-2.3% 21.6 22.0 1.9% -4.7-5.5
Seasonally adjusted data