Euro Area Trade Surplus Widens in November


The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in November 2012 gave a €13.7 bn surplus, compared with +4.9 bn euro in November 2011 according to data released by Eurostat, the statistical office of the European Union.

The October 2012 balance was +9.3 bn euro , compared with -0.7 bn euro in October 2011. In November 2012 compared with October 2012, seasonally adjusted exports increased by 0.8% while imports fell by 1.5%.

The first estimate for the November 2012 extra-EU27 trade in goods balance was a €1.7 bn deficit, compared with €9.3 bn deficit in November 2011. The October 2012 balance was -9.8 bn euro, compared with -11.3 bn euro in October 2011. In November 2012 compared with October 2012, seasonally adjusted exports rose by 1.1% while imports decreased by 3.0%. 
 
Concerning the total trade of Member States, the largest surplus was observed in Germany (+157.7 bn euro in January-October 2012), followed by the Netherlands (+41.0 bn) and  Ireland (+35.6 bn). The United Kingdom (-139.8 bn) registered the largest deficit, followed by France (-69.1 bn), Spain (-29.3 bn) and Greece (-13.2 bn). 

Eurostat | Nuno Fontes | nuno@tradingeconomics.com
1/15/2013 10:07:13 AM