STAT/06/38
22 March 2006
January 2006 Euro-zone external trade deficit 10.8 bn euro 24.6 bn euro deficit for EU25
The first estimate for the euro-zone1 trade balance with the rest of the world in January 2006 gave a 10.8 bn euro deficit compared with -1.6 bn in January 2005. The December 20052 balance was -0.7 bn, compared with +5.5 bn in December 2004. In January 2006 compared with December 2005, exports, seasonally adjusted, increased by 0.4% and imports by 0.3%.
The first estimate for January 2006 extra-EU253 trade was a 24.6 bn euro deficit, compared with -13.9 bn in January 2005. In December 20052, the balance was -8.9 bn, compared with -0.7 bn in December 2004. In January 2006 compared with December 2005, exports, seasonally adjusted, decreased by 1.2% and imports by 1.5%.
During 2005, euro-zone trade recorded a surplus of 23.3 bn euro, compared with +71.5 bn in 2004. The EU25 recorded a deficit of 105.5 bn in 2005, compared with -62.9 bn in 2004.
These data are released by Eurostat, the Statistical Office of the European Communities.
EU25 2005 detailed results
The energy deficit grew strongly (-220.7 bn euro in 2005 compared with -148.3 bn in 2004), while the surplus for machinery and vehicles rose (+103.8 bn compared with +83.3 bn). The surplus in the chemicals sector slightly increased (+69.9 bn compared with +66.1 bn).
Except for imports from Japan which fell (-2% in 2005 compared with 2004), EU25 trade flows with its major partners grew. The most notable increases were for exports to India (+24%), Russia (+23%), South Korea (+13%), Norway and Turkey (both +10%), and for imports from Russia (+32%), China (+24%), Norway (+21%), India (+16%) and South Korea (+10%).
EU25 trade was characterised by an increase in the EU25 surplus with the USA (+88.1 bn euro in 2005 compared with +76.3 bn in 2004) and Switzerland (+15.8 bn compared with +13.5 bn). The EU25 trade deficit grew with China (-106.2 bn compared with -79.3 bn), Russia (-50.3 bn compared with -34.9 bn) and Norway (-33.2 bn compared with -24.5 bn), but fell slightly with Japan (-29.4 bn compared with -30.8 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+158.0 bn euro in 2005), followed by the Netherlands (+34.7 bn), Ireland (+34.0 bn) and Sweden (+15.5 bn). The United Kingdom (-100.2 bn) registered the largest deficit, followed by Spain (-73.5 bn), France (-30.0 bn) and Greece (-29.6 bn).
Euro-zone trade - non seasonally adjusted databn euro
Flows Jan 06 Jan 05 Growth Dec 05 Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Growth Extra-eurozone exports 100.5 87.3 15% 109.2 r 98.5 11% r 1 236.3 1 152.8 7% Extra-eurozone imports 111.3 88.9 25% 109.8 r 93.0 18% r 1 213.0 1 081.4 12% Extra-eurozone trade balance -10.8 -1.6 -0.7 r 5.5 23.3 71.5 Intra-eurozone dispatches 105.4 94.8 11% 104.4 r 97.5 7% r 1 249.4 1 190.4 5% EU25 trade - non seasonally adjusted databn euro
Flows Jan 06 Jan 05 Growth Dec 05 Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Growth Extra-EU25 exports 83.4 71.8 16% 98.0 r 87.4 12% r 1 069.4 969.3 10% Extra-EU25 imports 107.9 85.7 26% 106.8 r 88.1 21% 1 174.9 1 032.2 14% Extra-EU25 trade balance -24.6 -13.9 -8.9 r -0.7 -105.5 -62.9 Intra-EU25 dispatches 181.3 161.0 13% 178.7 r 165.0 8% r 2 144.2 2 028.3 6% r: Revised
Euro-zone: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal and Finland. The first estimates for December 2005 were -0.9 bn euro for the euro-zone and -9.7 bn for the EU25. See News Release 21/2006 issued on 21 February 2006. Data for the 10 new Member States came from Customs declarations up to 30 April 2004. Since 1 May 2004, their intra-EU data stem from the Intrastat system. This News Release is based on data available on 15 March 2006. 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. 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-zone, which includes some intra-EU trade. The next News Release including revised data for January 2006 and first estimates for February 2006 will be issued on 24 April 2006. Issued by: Eurostat Press Office Philippe BAUTIER BECH Building L-2920 LUXEMBOURG Tel: +352-4301-33 444 Fax: +352-4301-35 349 eurostat-pressoffice@ec.europa.eu For further information on data: Anne BERTHOMIEU Tel: +352-4301-33 616 Karo NUORTILA Tel: +352-4301-34 802 Fax: +352-4301-34 339 estat-etfree@ec.europa.eu Eurostat news releases on the Internet: http://ec.europa.eu/eurostat/ Euro-zone trade - previous 6 months - non seasonally adjusted databn euro
Flows Nov 05 Oct 05 Sept 05 Aug 05 Jul 05 Jun 05 Extra-eurozone exports 113.4 r 108.6 110.9 r 98.1 r 105.1 r 107.9 Extra-eurozone imports 114.3 r 108.2 r 109.0 r 100.4 r 97.2 r 100.7 Extra-eurozone trade balance -1.0 r 0.4 r 2.0 r -2.3 r 7.9 7.2 r Intra-eurozone dispatches 115.5 r 108.8 r 111.6 86.8 r 99.9 r 109.3 EU25 trade - previous 6 months - non seasonally adjusted databn euro
Flows Nov 05 Oct 05 Sept 05 Aug 05 Jul 05 Jun 05 Extra-EU25 exports 97.1 r 94.8 r 96.9 r 86.8 r 91.9 r 95.0 Extra-EU25 imports 111.1 105.2 r 105.9 r 101.0 r 95.1 r 97.0 r Extra-EU25 trade balance -14.0 r -10.5 r -9.1 r -14.2 r -3.1 r -2.0 Intra-EU25 dispatches 199.8 r 189.1 r 193.2 r 155.6 170.3 r 186.8 r r: Revised
Main products - Euro-zone - non seasonally adjusted databn euro
Euro-zone exports Euro-zone imports Trade balance Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Primary products: 139.1 119.0 17% 354.5 274.5 29% -215.5 -155.5 Food & drink 73.1 67.7 8% 65.7 61.6 7% 7.4 6.2 Crude materials 25.6 22.6 13% 52.4 47.9 9% -26.7 -25.4 Energy 40.4 28.7 41% 236.4 165.0 43% -196.1 -136.4 Manufactured goods: 1 066.7 1 005.0 6% 840.5 776.5 8% 226.2 228.6 Chemicals 189.1 175.4 8% 117.7 106.6 10% 71.4 68.8 Machinery & vehicles 559.7 528.7 6% 422.8 393.7 7% 136.8 135.0 Other manuf’d articles 318.0 301.0 6% 300.0 276.1 9% 18.0 24.8 Other 30.5 28.8 6% 17.9 30.4 -41% 12.6 -1.6 Total 1 236.3 1 152.8 7% 1 213.0 1 081.4 12% 23.3 71.5 Main products - EU25 - non seasonally adjusted databn euro
EU25 exports EU25 imports Trade balance Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Primary products: 119.2 101.6 17% 378.1 286.9 32% -258.9 -185.3 Food & drink 52.6 49.1 7% 62.2 58.5 6% -9.6 -9.3 Crude materials 23.3 20.4 14% 51.8 48.1 8% -28.6 -27.7 Energy 43.3 32.0 35% 264.0 180.3 46% -220.7 -148.3 Manufactured goods: 919.3 846.0 9% 771.1 714.7 8% 148.2 131.4 Chemicals 165.7 154.3 7% 95.8 88.2 9% 69.9 66.1 Machinery & vehicles 480.2 438.5 10% 376.4 355.2 6% 103.8 83.3 Other manuf’d articles 273.3 253.2 8% 298.9 271.3 10% -25.5 -18.1 Other 30.9 21.7 43% 25.8 30.6 -16% 5.2 -8.9 Total 1 069.4 969.3 10% 1 174.9 1 032.2 14% -105.5 -62.9 Main trading partners - Euro-zone - non seasonally adjusted data bn euro
Euro-zone exports to Euro-zone imports from Trade balance Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 United Kingdom 202.0 205.4 -2% 150.3 144.8 4% 51.7 60.6 United States 184.8 173.6 6% 120.3 113.9 6% 64.5 59.7 China 43.5 40.7 7% 117.6 93.0 26% -74.1 -52.3 Switzerland 70.0 66.6 5% 57.8 53.5 8% 12.2 13.1 Russia 43.1 35.7 21% 72.8 56.4 29% -29.8 -20.7 Japan 34.0 33.3 2% 52.7 54.3 -3% -18.7 -21.1 Sweden 44.7 42.1 6% 41.9 39.9 5% 2.8 2.1 Poland 44.6 38.7 15% 31.8 29.6 7% 12.7 9.1 Czech Republic 34.5 31.0 11% 31.3 27.5 14% 3.3 3.6 Turkey 34.6 32.0 8% 24.7 23.1 7% 9.9 9.0 Main trading partners - EU25 - non seasonally adjusted databn euro
EU25 exports to EU25 imports from Trade balance Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 United States 251.1 234.6 7% 162.9 158.4 3% 88.1 76.3 China 51.7 48.2 7% 158.0 127.4 24% -106.2 -79.3 Russia 56.4 45.8 23% 106.7 80.7 32% -50.3 -34.9 Switzerland 81.9 75.1 9% 66.1 61.6 7% 15.8 13.5 Japan 43.6 43.3 1% 73.0 74.1 -2% -29.4 -30.8 Norway 33.8 30.7 10% 67.0 55.2 21% -33.2 -24.5 Turkey 41.8 38.0 10% 33.4 30.9 8% 8.4 7.1 South Korea 20.1 17.8 13% 33.2 30.3 10% -13.1 -12.4 Canada 23.7 22.0 7% 17.2 16.3 5% 6.5 5.7 India 21.1 17.0 24% 18.9 16.2 16% 2.2 0.8 Member States’ total trade (intra-EU25 + extra-EU25) - non seasonally adjusted databn euro
Total exports Total imports Trade balance Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Growth Jan-Dec 05 Jan-Dec 04 Belgium 267.4 246.7 8% 257.3 229.6 12% 10.0 17.1 Czech Republic 63.2 55.5 14% 61.9 56.2 10% 1.3 -0.8 Denmark 69.0 62.0 11% 61.5 54.8 12% 7.6 7.2 Germany 780.2 731.5 7% 622.2 575.4 8% 158.0 156.1 Estonia 6.2 4.8 29% 8.1 6.7 20% -1.9 -1.9 Greece 13.8 12.3 12% 43.5 42.3 3% -29.6 -30.0 Spain 150.2 146.8 2% 223.7 207.7 8% -73.5 -60.9 France 369.7 363.5 2% 399.7 378.6 6% -30.0 -15.1 Ireland 87.9 84.2 4% 53.9 49.7 8% 34.0 34.5 Italy 295.7 284.4 4% 305.7 285.6 7% -9.9 -1.2 Cyprus 1.1 0.8 44% 5.0 4.4 13% -3.9 -3.7 Latvia 4.1 3.2 28% 6.9 5.7 22% -2.8 -2.5 Lithuania 9.5 7.5 27% 12.4 10.0 25% -2.9 -2.5 Luxembourg 14.8 13.1 13% 17.1 16.1 6% -2.4 -3.1 Hungary 50.2 44.7 12% 53.1 48.7 9% -2.8 -4.0 Malta 1.8 2.0 -9% 2.9 2.9 -2% -1.1 -0.9 Netherlands 322.5 287.3 12% 287.8 257.0 12% 34.7 30.3 Austria 99.8 95.2 5% 101.2 96.4 5% -1.4 -1.2 Poland 71.9 60.3 19% 81.2 72.1 13% -9.3 -11.8 Portugal 30.7 28.8 7% 49.1 44.2 11% -18.4 -15.4 Slovenia 15.4 13.2 17% 16.2 14.3 14% -0.9 -1.1 Slovakia 25.7 22.1 16% 28.4 23.7 20% -2.7 -1.5 Finland 53.1 49.5 7% 47.4 41.4 15% 5.6 8.1 Sweden 104.5 99.1 6% 89.1 80.7 10% 15.5 18.3 United Kingdom 305.3 279.4 9% 405.5 378.4 7% -100.2 -99.0 Annex - Seasonally adjusted data
Seasonally adjusted series have been calculated using one harmonised methodology. The seasonally adjusted series give a complementary view of the monthly evolution of trade. Seasonally adjusted figures may not match those published by Member States, due to differences in the raw data4, in the choice of seasonal adjustment model and to the use of series in national currency or in euro.
Euro-zone trade - seasonally adjusted databn euro
Flows Jan 06 Dec 05 Nov 05 Oct 05 Sep 05 Aug 05 Growth Jan/Dec Growth Dec/Nov Growth Nov/Oct Growth Oct/Sep Growth Sep/Aug Extra-eurozone exports 110.3 109.8 108.4 104.6 107.8 107.0 0.4% 1.3% 3.7% -3.0% 0.7% Extra-eurozone imports 112.8 112.5 107.3 105.7 105.2 107.7 0.3% 4.9% 1.5% 0.4% -2.3% Extra-eurozone trade balance -2.5 -2.6 1.2 -1.1 2.5 -0.8 Intra-eurozone dispatches 108.2 108.5 108.5 105.7 105.7 108.8 -0.2% 0.0% 2.6% 0.0% -2.8% EU25 trade - seasonally adjusted databn euro
Flows Jan 06 Dec 05 Nov 05 Oct 05 Sep 05 Aug 05 Growth Jan/Dec Growth Dec/Nov Growth Nov/Oct Growth Oct/Sep Growth Sep/Aug Extra-EU25 exports 94.5 95.7 93.9 91.1 94.2 92.3 -1.2% 2.0% 3.0% -3.3% 2.1% Extra-EU25 imports 108.8 110.4 105.1 102.8 102.7 105.1 -1.5% 5.0% 2.2% 0.1% -2.3% Extra-EU25 trade balance -14.2 -14.7 -11.2 -11.7 -8.5 -12.9 Intra-EU25 dispatches 187.9 188.0 186.6 182.5 182.5 184.8 -0.1% 0.8% 2.2% 0.0% -1.3% Contribution of EU25 Member States to extra-EU25 trade - seasonally adjusted databn euro
Total exports Total imports Trade balance Jan 06 Dec 05 Growth Jan 06 Dec 05 Growth Jan 06 Dec 05 EU25 94.5 95.7 -1.2% 108.8 110.4 -1.5% -14.2 -14.7 Belgium 5.3 5.6 -5.6% 6.4 6.5 -2.6% -1.1 -0.9 Czech Republic 0.9 0.9 -1.1% 1.1 1.1 3.1% -0.2 -0.2 Denmark 1.5 1.7 -9.9% 1.7 1.6 1.6% -0.2 0.0 Germany 25.5 25.2 1.4% 21.5 22.6 -5.1% 4.1 2.6 Estonia 0.2 0.1 19.6% 0.2 0.2 12.2% 0.0 0.0 Greece 0.5 0.6 -10.8% 1.6 1.6 -1.9% -1.1 -1.1 Spain 4.3 4.0 6.5% 7.5 7.6 -0.9% -3.2 -3.5 France 11.9 12.3 -3.2% 11.7 12.0 -2.3% 0.1 0.3 Ireland 2.7 2.8 -4.2% 1.5 2.0 -24.7% 1.2 0.8 Italy 11.1 11.1 -0.3% 12.4 12.2 1.7% -1.3 -1.1 Cyprus 0.0 0.0 1.8% 0.2 0.1 38.2% -0.1 -0.1 Latvia 0.1 0.1 12.4% 0.2 0.2 -3.1% 0.0 -0.1 Lithuania 0.3 0.3 -18.2% 0.5 0.5 5.0% -0.2 -0.1 Luxembourg 0.2 0.1 74.8% 0.5 0.4 24.2% -0.3 -0.3 Hungary 1.2 1.1 8.0% 1.7 1.6 5.8% -0.5 -0.5 Malta 0.1 0.1 31.3% 0.1 0.1 32.6% 0.0 0.0 Netherlands 6.0 5.9 1.1% 13.7 13.6 0.6% -7.7 -7.7 Austria 2.5 2.7 -5.4% 1.8 1.9 -6.1% 0.8 0.8 Poland 1.5 1.5 -0.3% 2.0 1.9 4.5% -0.5 -0.5 Portugal 0.6 0.6 -5.6% 1.0 1.0 4.0% -0.5 -0.4 Slovenia 0.5 0.5 5.4% 0.4 0.3 2.3% 0.1 0.1 Slovakia 0.3 0.3 -5.5% 0.7 0.7 1.3% -0.3 -0.3 Finland 2.2 2.0 5.4% 1.5 1.4 9.2% 0.6 0.6 Sweden 4.1 3.9 5.7% 2.3 2.5 -6.3% 1.8 1.4 United Kingdom 11.2 12.3 -9.1% 16.8 16.9 -0.4% -5.7 -4.6 Seasonally adjusted data [Graphic in PDF & Word format] [Graphic in PDF & Word format]
