STAT/06/109
21 August 2006
June 2006 Euro area external trade surplus 2.0 bn euro 11.8 bn euro deficit for EU25
The first estimate for the euro area1 trade balance with the rest of the world in June 2006 gave a 2.0 bn euro surplus compared with +6.8 bn in June 2005. The May 20062 balance was -3.2 bn, compared with +2.0 bn in May 2005. In June 2006 compared with May 2006, exports and imports, seasonally adjusted, both rose by 0.3%.
The first estimate for June 2006 extra-EU25 trade was a deficit of 11.8 bn euro, compared with -2.3 bn in June 2005. In May 20062, the balance was -15.7 bn, compared with -7.6 bn in May 2005. In June 2006 compared with May 2006, exports, seasonally adjusted, fell by 0.2% while imports rose by 0.7%.
These data are released by Eurostat, the Statistical Office of the European Communities.
EU25 January-May 2006 detailed results
The energy deficit grew strongly (-118.8 bn euro in January-May 2006 compared with -79.9 bn in January-May 2005), while the surpluses rose in the chemicals sector (+31.0 bn compared with +26.5 bn) and for machinery and vehicles (+39.8 bn compared with +35.0 bn).
EU25 trade flows with its major partners grew. The most notable increases were for exports to China (+25% in January-May 2006 compared with January-May 2005), Canada (+23%), Russia and Turkey (both +22%), and for imports from Russia (+38%), Norway (+35%), China (+25%), South Korea (+23%) and India (+22%).
The EU25 trade surplus with the USA increased (+36.3 bn euro in January-May 2006 compared with +31.5 bn in January-May 2005), but decreased with Switzerland (+5.8 bn compared with +6.9 bn). The EU25 trade deficit grew strongly with China (-48.0 bn compared with -38.4 bn), Russia (-32.9 bn compared with -21.4 bn) and Norway (-18.5 bn compared with -11.7 bn), and slightly with Japan (-13.2 bn compared with -12.8 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+62.7 bn euro in January-May 2006), followed by the Netherlands (+15.7 bn), Ireland (+13.3 bn) and Sweden (+7.9 bn). The United Kingdom (-42.6 bn) registered the largest deficit, followed by Spain (-34.9 bn), France (-15.1 bn), Greece (-13.9 bn) and Italy (-12.7 bn).
Euro area trade - non seasonally adjusted databn euro
Flows Jun 06 Jun 05 Growth May 06 May 05 Growth Jan-Jun 06 Jan-Jun 05 Growth Extra-euro area exports 116.9 108.0 8% 115.0 r 100.8 r 14% r 665.3 591.1 13% Extra-euro area imports 114.9 101.2 13% 118.2 r 98.7 r 20% r 681.3 575.9 18% Extra-euro area trade balance 2.0 6.8 -3.2 2.0 r -16.0 15.2 Intra-euro area dispatches 120.8 109.7 10% 118.7 r 102.7 r 16% r 692.2 624.4 11% EU25 trade - non seasonally adjusted databn euro
Flows Jun 06 Jun 05 Growth May 06 May 05 Growth Jan-Jun 06 Jan-Jun 05 Growth Extra-EU25 exports 100.3 95.1 6% 99.0 r 87.0 r 14% r 567.5 503.9 13% Extra-EU25 imports 112.1 97.3 15% 114.7 r 94.6 r 21% 662.0 551.2 20% Extra-EU25 trade balance -11.8 -2.3 -15.7 -7.6 r -94.5 -47.3 Intra-EU25 dispatches 210.6 187.5 12% 207.6 r 175.2 r 19% r 1 210.0 1 060.0 14% r: Revised
Euro area: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal and Finland. The first estimates for May 2006 were -3.2 bn euro for the euro area and -15.7 bn for the EU25. See News Release 98/2006 issued on 19 July 2006. This News Release is based on data available on 14 August 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 area, which includes some intra-EU trade. The next News Release including revised data for June 2006 and first estimates for July 2006 will be issued on 15 September 2006. Issued by: Eurostat Press Office Tim ALLEN 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 area trade - previous 6 months - non seasonally adjusted databn euro
Flows Apr 06 Mar 06 Feb 06 Jan 06 Dec 05 Nov 05 Extra-euro area exports 106.3 r 122.0 r 105.0 r 100.1 r 109.8 113.9 Extra-euro area imports 108.4 r 121.6 r 108.2 r 110.0 r 110.3 115.0 Extra-euro area trade balance -2.1 r 0.5 r -3.2 r -9.9 r -0.5 -1.1 Intra-euro area dispatches 108.1 r 126.4 r 110.7 r 107.5 r 105.2 r 116.0 EU25 trade - previous 6 months - non seasonally adjusted databn euro
Flows Apr 06 Mar 06 Feb 06 Jan 06 Dec 05 Nov 05 Extra-EU25 exports 90.6 r 104.0 r 89.7 r 83.9 r 98.5 97.5 Extra-EU25 imports 105.3 r 116.3 r 104.7 r 109.0 r 107.5 r 111.8 Extra-EU25 trade balance -14.7 r -12.3 -14.9 -25.1 r -9.0 r -14.3 Intra-EU25 dispatches 191.4 r 222.6 r 191.7 r 186.0 r 180.6 r 201.4 r: Revised
Main products – Euro area - non seasonally adjusted databn euro
Euro area exports Euro area imports Trade balance Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Primary products: 66.0 52.4 26% 179.4 133.9 34% -113.5 -81.5 Food & drink 32.3 28.5 13% 28.4 25.9 10% 3.9 2.6 Crude materials 12.6 10.4 21% 24.4 21.5 14% -11.8 -11.1 Energy 21.1 13.5 56% 126.6 86.5 46% -105.5 -73.0 Manufactured goods: 469.3 418.6 12% 379.2 333.3 14% 90.0 85.3 Chemicals 85.5 76.0 12% 53.6 48.3 11% 31.9 27.7 Machinery & vehicles 243.1 216.6 12% 187.5 164.8 14% 55.7 51.8 Other manuf’d articles 140.6 126.0 12% 138.2 120.2 15% 2.5 5.8 Other 13.3 12.0 10% 7.8 7.5 4% 5.5 4.5 Total 548.5 483.0 14% 566.4 474.7 19% -18.0 8.4 Main products - EU25 - non seasonally adjusted databn euro
EU25 exports EU25 imports Trade balance Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Primary products: 56.3 44.1 28% 192.1 141.3 36% -135.8 -97.1 Food & drink 23.2 20.1 15% 27.5 25.0 10% -4.3 -4.9 Crude materials 11.3 9.1 25% 24.0 21.4 12% -12.7 -12.4 Energy 21.9 15.0 46% 140.6 94.9 48% -118.8 -79.9 Manufactured goods: 397.8 353.1 13% 345.7 302.6 14% 52.1 50.6 Chemicals 75.2 65.5 15% 44.2 39.1 13% 31.0 26.5 Machinery & vehicles 203.4 180.8 12% 163.6 145.7 12% 39.8 35.0 Other manuf’d articles 119.2 106.8 12% 137.9 117.8 17% -18.7 -10.9 Other 13.0 11.6 12% 12.1 10.0 21% 0.9 1.6 Total 467.2 408.8 14% 549.9 453.8 21% -82.8 -45.0 Main trading partners – Euro area - non seasonally adjusted data bn euro
Euro area exports to Euro area imports from Trade balance Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 United Kingdom 88.6 82.8 7% 69.9 60.3 16% 18.6 22.4 United States 81.8 72.2 13% 53.0 49.2 8% 28.7 23.0 China 20.1 16.2 24% 54.1 43.1 26% -34.0 -26.9 Russia 19.1 15.7 21% 40.5 29.7 37% -21.4 -13.9 Switzerland 30.1 28.6 5% 25.1 22.9 10% 5.0 5.7 Poland 23.2 17.1 35% 16.2 12.5 29% 6.9 4.6 Sweden 20.0 18.7 7% 19.3 17.1 13% 0.7 1.6 Japan 14.2 13.8 3% 23.2 21.9 6% -9.1 -8.1 Czech Republic 16.4 13.6 21% 15.4 12.6 23% 1.0 1.0 Turkey 15.6 12.9 21% 11.7 10.2 15% 3.8 2.6 Main trading partners - EU25 - non seasonally adjusted databn euro
EU25 exports to EU25 imports from Trade balance Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 United States 110.3 98.0 13% 74.0 66.5 11% 36.3 31.5 China 24.0 19.2 25% 72.0 57.6 25% -48.0 -38.4 Russia 25.0 20.5 22% 57.9 41.9 38% -32.9 -21.4 Switzerland 34.9 33.0 5% 29.1 26.1 11% 5.8 6.9 Japan 18.4 17.5 5% 31.6 30.3 4% -13.2 -12.8 Norway 15.2 13.2 15% 33.7 25.0 35% -18.5 -11.7 Turkey 18.9 15.5 22% 15.7 13.5 16% 3.2 2.0 South Korea 8.8 7.9 11% 15.6 12.6 23% -6.7 -4.7 India 9.5 8.1 16% 9.6 7.9 22% -0.2 0.3 Canada 11.1 9.1 23% 7.7 6.5 18% 3.4 2.6 Member States’ total trade (intra-EU25 + extra-EU25) - non seasonally adjusted databn euro
Total exports Total imports Trade balance Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Growth Jan-May 06 Jan-May 05 Belgium 121.2 109.3 11% 117.7 104.4 13% 3.5 4.9 Czech Republic 29.9 24.8 21% 28.9 23.8 22% 0.9 1.0 Denmark 30.6 26.5 15% 28.8 23.7 22% 1.7 2.9 Germany 354.2 311.0 14% 291.4 244.0 19% 62.7 67.0 Estonia 3.0 2.3 28% 4.0 3.0 32% -1.0 -0.7 Greece 6.5 5.3 23% 20.5 17.9 15% -13.9 -12.5 Spain 69.4 61.8 12% 104.3 90.0 16% -34.9 -28.2 France 162.6 148.8 9% 177.7 162.0 10% -15.1 -13.2 Ireland 37.1 35.9 3% 23.9 22.6 6% 13.3 13.3 Italy 129.2 117.4 10% 141.9 123.6 15% -12.7 -6.3 Cyprus 0.4 0.4 4% 2.2 1.9 16% -1.8 -1.5 Latvia 1.9 1.6 15% 3.3 2.6 27% -1.4 -0.9 Lithuania 4.6 3.5 29% 5.9 4.6 29% -1.4 -1.1 Luxembourg 7.7 5.5 38% 9.0 6.7 35% -1.4 -1.2 Hungary 23.0 19.4 18% 24.0 20.5 17% -1.0 -1.1 Malta 0.9 0.7 16% 1.2 1.1 9% -0.4 -0.4 Netherlands 148.9 128.8 16% 133.2 114.1 17% 15.7 14.8 Austria 44.6 39.8 12% 44.5 40.4 10% 0.1 -0.6 Poland 33.9 27.8 22% 37.6 31.5 19% -3.7 -3.7 Portugal 13.9 12.6 10% 21.6 20.2 7% -7.7 -7.6 Slovenia 7.4 6.1 21% 7.4 6.3 18% -0.1 -0.2 Slovakia 12.3 9.7 26% 13.7 10.7 28% -1.4 -1.0 Finland 24.6 21.4 15% 21.8 19.0 15% 2.9 2.4 Sweden 48.0 42.6 13% 40.0 36.1 11% 7.9 6.5 United Kingdom 151.0 118.1 28% 193.6 159.4 21% -42.6 -41.3 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 data3, in the choice of seasonal adjustment model and to the use of series in national currency or in euro.
Euro area trade - seasonally adjusted databn euro
Flows Jun 06 May 06 Apr 06 Mar 06 Feb 06 Jan 06 Growth Jun/May Growth May/Apr Growth Apr/Mar Growth Mar/Feb Growth Feb/Jan Extra-euro area exports 112.9 112.5 111.9 112.1 110.1 110.3 0.3% 0.5% -0.1% 1.8% -0.2% Extra-euro area imports 114.0 113.7 113.0 112.3 112.9 111.1 0.3% 0.6% 0.6% -0.5% 1.6% Extra-euro area trade balance -1.1 -1.2 -1.1 -0.3 -2.7 -0.8 Intra-euro area dispatches 115.4 115.1 112.3 111.8 112.0 110.6 0.3% 2.5% 0.4% -0.2% 1.3% EU25 trade - seasonally adjusted databn euro
Flows Jun 06 May 06 Apr 06 Mar 06 Feb 06 Jan 06 Growth Jun/May Growth May/Apr Growth Apr/Mar Growth Mar/Feb Growth Feb/Jan Extra-EU25 exports 96.2 96.4 95.9 96.6 95.7 95.2 -0.2% 0.5% -0.8% 1.0% 0.5% Extra-EU25 imports 111.6 110.8 108.9 109.0 110.3 109.1 0.7% 1.7% -0.1% -1.2% 1.1% Extra-EU25 trade balance -15.4 -14.5 -13.1 -12.4 -14.6 -13.9 Intra-EU25 dispatches 202.4 202.2 199.1 197.6 195.1 193.1 0.1% 1.6% 0.7% 1.3% 1.0% Contribution of EU25 Member States to extra-EU25 trade - seasonally adjusted databn euro
Total exports Total imports Trade balance Jun 06 May 06 Growth Jun 06 May 06 Growth Jun 06 May 06 EU25 96.2 96.4 -0.2% 111.6 110.8 0.7% -15.4 -14.5 Belgium 4.7 5.4 -13.5% 5.5 5.8 -5.4% -0.9 -0.4 Czech Republic 0.9 1.0 -6.2% 1.2 1.2 1.4% -0.3 -0.2 Denmark 1.9 1.9 2.6% 1.7 1.7 2.5% 0.2 0.2 Germany 25.4 25.5 -0.2% 22.2 21.4 3.5% 3.3 4.1 Estonia 0.2 0.2 4.9% 0.3 0.2 14.3% 0.0 0.0 Greece 0.7 0.6 1.3% 1.9 2.0 -1.0% -1.3 -1.3 Spain 4.1 4.2 -2.9% 8.8 8.2 7.0% -4.7 -4.0 France 12.0 11.6 3.5% 11.1 11.2 -1.0% 0.9 0.4 Ireland 2.6 2.9 -9.3% 1.5 1.4 9.8% 1.1 1.5 Italy 11.8 11.5 2.8% 13.1 12.9 1.4% -1.3 -1.4 Cyprus 0.0 0.0 -5.3% 0.2 0.2 36.7% -0.2 -0.1 Latvia 0.1 0.1 8.5% 0.2 0.2 0.7% -0.1 -0.1 Lithuania 0.4 0.4 -10.2% 0.5 0.6 -1.3% -0.2 -0.1 Luxembourg 0.1 0.1 -7.7% 0.5 0.5 6.3% -0.4 -0.3 Hungary 1.1 1.2 -6.8% 1.6 1.7 -3.3% -0.5 -0.5 Malta 0.1 0.1 -5.1% 0.1 0.1 3.3% 0.0 0.0 Netherlands 6.6 6.4 4.2% 13.8 13.8 -0.1% -7.1 -7.4 Austria 2.7 2.8 -3.6% 2.0 2.1 -5.7% 0.7 0.7 Poland 1.7 1.6 6.3% 2.2 2.3 -4.0% -0.5 -0.7 Portugal 0.7 0.6 6.5% 1.0 1.1 -6.5% -0.3 -0.5 Slovenia 0.5 0.5 -6.7% 0.4 0.4 -1.1% 0.1 0.2 Slovakia 0.4 0.4 -1.2% 0.7 0.7 -1.0% -0.4 -0.4 Finland 2.2 2.2 -1.0% 1.7 1.7 -2.1% 0.5 0.5 Sweden 3.8 3.8 1.6% 2.6 2.6 -2.1% 1.2 1.1 United Kingdom 11.3 11.3 0.7% 16.8 16.9 -0.7% -5.5 -5.7 Seasonally adjusted data [ Figures and graphics available in PDF and WORD PROCESSED ] [ Figures and graphics available in PDF and WORD PROCESSED ]
