136/2010 - 16 September 2010

July 2010
Euro area external trade surplus 6.7 bn euro
5.7 bn euro deficit for EU27

The first estimate for the euro area1 (EA16) trade balance with the rest of the world in July 2010 gave a 6.7 bn
euro surplus, compared with +11.9 bn in July 2009. The June 20102 balance was +2.2 bn, compared with +5.2 bn
in June 2009. In July 2010 compared with June 2010, seasonally adjusted exports fell by 0.6% and imports by
1.5%.
The first estimate for the July 2010 extra-EU271 trade balance was a 5.7 bn euro deficit, compared with +0.5 bn in
July 2009. In June 20102 the balance was -9.7 bn, compared with -4.1 bn in June 2009. In July 2010 compared
with June 2010, seasonally adjusted exports rose by 0.3%, while imports fell by 1.1%.

These data3 are released by Eurostat, the statistical office of the European Union.

EU27 detailed results for January to June 2010

The EU27 deficit increased for energy (-140.2 bn euro in January-June 2010 compared with -110.6 bn in January-
June 2009), while the surplus for manufactured goods increased (+81.4 bn compared with +63.0 bn).

EU27 trade with all its major partners grew in January-June 2010 compared with January-June 2009, except for
imports from the USA (-3%). The most notable increases were recorded for exports to Brazil (+59%), China
(+43%) and Turkey (+40%), and for imports from Russia (+45%), India (+24%) and China (+22%).

The EU27 trade surplus increased with the USA (+31.5 bn euro in January-June 2010 compared with +16.6 bn in
January-June 2009), Switzerland (+8.0 bn compared with +6.3 bn) and Turkey (+7.5 bn compared with +2.5 bn).
The EU27 trade deficit increased with China (-71.5 bn compared with -65.2 bn), Russia (-37.7 bn compared with
-20.5 bn) and Norway (-18.7 bn compared with -16.7 bn), and remained nearly stable with Japan (-10.9 bn
compared with -10.8 bn) and South Korea (-6.3 bn compared with -6.5 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+74.3 bn euro in
January-June 2010), followed by Ireland (+20.4 bn) and the Netherlands (+19.3 bn). The United Kingdom
(-52.8 bn) registered the largest deficit, followed by France (-30.0 bn), Spain (-26.0 bn), Italy (-14.2 bn), Greece
(-12.7 bn) and Portugal (-10.2 bn).
EA16 trade - non seasonally adjusted data bn euro
Flows Jul 09 Jul 10 Growth Jun 09 Jun 10 Growth Jan-Jul 09 Jan-Jul 10 Growth
Extra-EA16 exports 116.7 137.2 18% 108.5 r 138.0 r 27% 731.4 861.9 18%
Extra-EA16 imports 104.8 130.4 24% 103.3 135.8 r 31% 722.5 860.0 19%
Extra-EA16 trade balance 11.9 6.7 5.2 2.2 r 8.9 1.9
Intra-EA16 dispatches4 111.0 123.6 11% 110.4 131.8 r 19% 753.1 847.4 13%

EU27 trade - non seasonally adjusted data bn euro

Flows Jul 09 Jul 10 Growth Jun 09 Jun 10 Growth Jan-Jul 09 Jan-Jul 10 Growth
Extra-EU27 exports 101.3 123.3 22% 93.3 122.7 r 31% 624.3 753.8 21%
Extra-EU27 imports 100.8 129.1 28% 97.4 132.3 r 36% 691.0 832.4 20%
Extra-EU27 trade balance 0.5 -5.7 -4.1 -9.7 r -66.7 -78.7
Intra-EU27 dispatches4 187.1 209.8 12% 187.3 225.0 r 20% r 1 264.6 1 440.7 14%
r: revised

1. The euro area (EA16) includes Belgium, Germany, 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 to News Release 119/2010 of 13 August 2010, the trade balance for June 2010 has been revised from +2.4 bn
euro to +2.2 bn for the euro area and from -9.6 bn to -9.7 bn for the EU27.
3. This News Release is based on data available on 10 September 2010. 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: For further information on data:

Eurostat Press Office
Gilberto GAMBINI
Tim ALLEN Tel: +352-4301-35 806
Tel: +352-4301-35 098
eurostat-pressoffice@ec.europa.eu Karo NUORTILA
Tel: +352-4301-34 802
Eurostat news releases on the internet:
http://ec.europa.eu/eurostat estat-etfree@ec.europa.eu

Selected Principal European Economic Indicators:

http://ec.europa.eu/eurostat/euroindicators
EA16 trade - previous 6 months - non seasonally adjusted data bn euro
Flows Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10
Extra-EA16 exports 111.9 97.9 110.1 135.4 120.9 r 122.4 r
Extra-EA16 imports 107.9 107.5 108.1 r 131.4 r 120.7 125.9 r
Extra-EA16 trade balance 4.1 -9.6 2.0 r 4.0 r 0.2 r -3.5 r
Intra-EA16 dispatches 105.2 r 106.7 r 113.0 r 131.8 r 120.5 r 120.1 r

EU27 trade - previous 6 months - non seasonally adjusted data bn euro

Flows Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10
Extra-EU27 exports 99.9 81.6 96.3 116.7 106.2 107.0 r
Extra-EU27 imports 102.2 r 104.3 103.1 124.5 117.3 r 121.8 r
Extra-EU27 trade balance -2.4 -22.7 -6.8 -7.8 -11.1 r -14.9 r
Intra-EU27 dispatches 177.4 r 180.4 r 190.9 r 224.4 r 204.7 r 205.5 r
r: revised

Main products - EA16 - non seasonally adjusted data bn euro

EA16 exports EA16 imports Trade balance
Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10
Primary goods: 83.4 100.1 20% 186.7 231.8 24% -103.3 -131.7
Food & drink 44.7 49.6 11% 42.3 43.4 3% 2.4 6.2
Raw materials 14.0 18.4 32% 23.9 33.8 41% -9.9 -15.3
Energy 24.7 32.1 30% 120.5 154.6 28% -95.8 -122.5
Manufactured goods: 512.1 604.2 18% 415.8 483.0 16% 96.3 121.2
Chemicals 109.6 130.4 19% 67.1 78.5 17% 42.5 51.9
Machinery & vehicles 249.5 297.6 19% 195.4 229.2 17% 54.1 68.4
Other manuf’d goods 153.0 176.2 15% 153.3 175.3 14% -0.3 1.0
Other 19.2 20.5 6% 15.2 14.8 -3% 4.0 5.7
Total 614.7 724.7 18% 617.7 729.5 18% -3.0 -4.8

Main products – EU27 - non seasonally adjusted data bn euro

EU27 exports EU27 imports Trade balance
Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10
Primary goods: 69.8 88.6 27% 197.7 246.6 25% -127.9 -157.9
Food & drink 29.7 34.6 16% 37.5 38.4 2% -7.8 -3.8
Raw materials 13.1 18.3 40% 22.7 32.3 43% -9.5 -14.0
Energy 26.9 35.7 32% 137.5 175.8 28% -110.6 -140.2
Manufactured goods: 434.9 523.6 20% 371.9 442.2 19% 63.0 81.4
Chemicals 94.7 113.9 20% 55.9 65.8 18% 38.8 48.1
Machinery & vehicles 215.9 263.4 22% 168.9 208.0 23% 47.0 55.4
Other manuf’d goods 124.3 146.3 18% 147.1 168.5 15% -22.8 -22.1
Other 18.4 18.1 -1% 20.6 14.5 -30% -2.2 3.6
Total 523.1 630.4 21% 590.2 703.3 19% -67.2 -72.9
Main trading partners - EA16 - non seasonally adjusted data bn euro
EA16 exports to EA16 imports from Trade balance
Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10
United Kingdom 84.7 94.4 11% 62.2 71.3 15% 22.5 23.1
USA 76.4 85.8 12% 62.3 62.1 0% 14.0 23.7
China 31.4 45.2 44% 76.5 93.2 22% -45.1 -48.1
Switzerland 39.0 44.4 14% 32.9 36.7 12% 6.1 7.6
Russia 23.4 27.4 17% 35.7 51.7 45% -12.4 -24.3
Poland 32.5 37.5 16% 24.8 30.5 23% 7.7 7.1
Czech Republic 22.3 26.6 19% 25.8 30.9 20% -3.5 -4.3
Sweden 20.0 25.0 25% 18.6 22.3 20% 1.4 2.6
Japan 13.8 16.3 18% 21.8 24.7 13% -8.0 -8.4
Turkey 15.7 21.9 40% 13.0 15.1 16% 2.7 6.8

Main trading partners – EU27 - non seasonally adjusted data bn euro

EU27 exports to EU27 imports from Trade balance
Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10
USA 101.7 113.7 12% 85.1 82.2 -3% 16.6 31.5
China 37.5 53.5 43% 102.7 124.9 22% -65.2 -71.5
Russia 30.8 36.9 20% 51.4 74.6 45% -20.5 -37.7
Switzerland 43.5 50.1 15% 37.2 42.1 13% 6.3 8.0
Norway 18.1 20.2 12% 34.8 38.9 12% -16.7 -18.7
Japan 17.3 20.6 19% 28.1 31.5 12% -10.8 -10.9
Turkey 20.0 27.9 40% 17.5 20.5 17% 2.5 7.5
India 12.7 16.4 29% 12.9 16.1 24% -0.2 0.3
South Korea 9.9 12.9 30% 16.5 19.2 17% -6.5 -6.3
Brazil 9.3 14.8 59% 12.6 14.8 17% -3.3 0.0

Member States’ total trade (intra-EU + extra-EU) - non seasonally adjusted data bn euro
Total exports Total imports Trade balance
Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10 Growth Jan-Jun 09 Jan-Jun 10
Belgium 130.0 152.2 17% 124.2 144.0 16% 5.7 8.2
Bulgaria 5.4 6.8 26% 8.2 8.7 6% -2.8 -1.9
Czech Republic 38.8 46.9 21% 35.9 43.8 22% 2.9 3.1
Denmark 32.8 35.6 8% 29.8 30.8 3% 3.0 4.8
Germany 390.9 457.2 17% 332.5 382.9 15% 58.4 74.3
Estonia 3.1 3.8 22% 3.5 4.2 20% -0.4 -0.4
Ireland 43.5 43.0 -1% 23.7 22.6 -5% 19.8 20.4
Greece 7.2 7.4 3% 21.8 20.1 -8% -14.7 -12.7
Spain 75.8 90.0 19% 99.5 116.0 17% -23.7 -26.0
France 172.5 193.0 12% 199.8 223.1 12% -27.3 -30.0
Italy 143.7 161.8 13% 148.5 176.0 19% -4.8 -14.2
Cyprus 0.5 0.5 10% 2.8 3.0 8% -2.3 -2.5
Latvia 2.6 3.2 23% 3.4 3.7 9% -0.9 -0.6
Lithuania 5.5 6.8 24% 6.2 7.7 24% -0.7 -0.8
Luxembourg 7.4 7.2 -2% 9.0 9.0 0% -1.7 -1.8
Hungary 28.5 34.2 20% 26.7 31.3 17% 1.7 2.9
Malta 0.7 0.9 31% 1.3 1.4 11% -0.6 -0.5
Netherlands 171.5 206.2 20% 153.2 186.9 22% 18.3 19.3
Austria 47.9 54.1 13% 50.1 56.5 13% -2.2 -2.4
Poland 46.1 56.7 23% 50.5 61.6 22% -4.4 -4.9
Portugal 15.1 17.8 18% 24.0 28.0 16% -9.0 -10.2
Romania 13.6 17.2 26% 18.3 21.9 20% -4.7 -4.7
Slovenia 9.2 10.6 15% 9.2 10.7 16% 0.0 -0.1
Slovakia 18.8 22.9 22% 18.9 22.6 20% -0.1 0.3
Finland 22.1 23.8 8% 21.4 23.7 11% 0.7 0.1
Sweden 46.2 56.6 22% 41.0 53.1 30% 5.2 3.4
United Kingdom 121.2 145.0 20% 167.9 197.7 18% -46.7 -52.8
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 data3, in the choice of seasonal adjustment
model and to the use of series in national currency or in euro.

EA16 trade - seasonally adjusted data bn euro

Growth:
Flows Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10
Mar/Feb Apr/Mar May/Apr Jun/May Jul/Jun
Extra-EA16 exports 116.2 125.7 122.1 124.3 130.9 130.2 8.2% -2.9% 1.8% 5.3% -0.6%
Extra-EA16 imports 113.7 125.4 121.9 126.9 132.3 130.4 10.3% -2.8% 4.1% 4.3% -1.5%
Extra-EA16 trade balance 2.5 0.3 0.2 -2.6 -1.4 -0.2
Intra-EA16 dispatches 113.8 120.7 118.4 120.1 125.4 124.2 6.0% -1.9% 1.4% 4.4% -1.0%

EU27 trade - seasonally adjusted data bn euro

Growth:
Flows Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10
Mar/Feb Apr/Mar May/Apr Jun/May Jul/Jun
Extra-EU27 exports 102.0 109.4 107.3 108.8 115.3 115.6 7.3% -1.9% 1.4% 5.9% 0.3%
Extra-EU27 imports 109.7 120.9 118.4 123.2 129.6 128.1 10.1% -2.0% 4.0% 5.1% -1.1%
Extra-EU27 trade balance -7.7 -11.5 -11.1 -14.4 -14.3 -12.4
Intra-EU27 dispatches 194.2 206.1 202.6 205.9 214.2 212.5 6.2% -1.7% 1.6% 4.0% -0.8%

Contribution of EU27 Member States to extra-EU27 trade - seasonally adjusted data bn euro
Total exports Total imports Trade balance
Jun 10 Jul 10 Growth Jun 10 Jul 10 Growth Jun 10 Jul 10
EU27 115.3 115.6 0.3% 129.6 128.1 -1.1% -14.3 -12.4
Belgium 7.3 6.7 -8.0% 7.3 7.2 -0.6% 0.0 -0.5
Bulgaria 0.5 0.5 -5.7% 0.7 0.7 5.3% -0.2 -0.2
Czech Republic 1.3 1.4 5.2% 2.1 2.2 2.2% -0.8 -0.8
Denmark 2.1 2.4 12.0% 1.8 1.7 -3.9% 0.4 0.7
Germany 32.6 32.3 -0.9% 26.6 25.4 -4.6% 6.0 6.9
Estonia 0.2 0.2 29.3% 0.1 0.1 -4.1% 0.0 0.1
Ireland 3.1 3.2 3.4% 1.4 1.3 -11.0% 1.7 1.9
Greece 0.5 0.4 -1.1% 1.2 1.1 -4.7% -0.7 -0.7
Spain 5.0 5.1 2.5% 8.5 8.6 1.6% -3.6 -3.6
France 13.2 13.2 -0.4% 12.6 12.9 1.9% 0.6 0.3
Italy 12.8 12.8 -0.2% 13.9 13.6 -1.9% -1.1 -0.8
Cyprus 0.0 0.0 4.0% 0.1 0.1 9.2% -0.1 -0.1
Latvia 0.2 0.2 15.9% 0.2 0.2 16.5% 0.0 0.0
Lithuania 0.5 0.5 -7.3% 0.6 0.7 13.7% -0.1 -0.2
Luxembourg 0.2 0.2 3.3% 0.3 0.2 -35.6% -0.1 0.0
Hungary 1.4 1.5 2.9% 1.8 1.8 1.6% -0.4 -0.4
Malta 0.1 0.1 28.7% 0.1 0.1 71.7% 0.0 -0.1
Netherlands 8.2 8.6 4.7% 17.7 18.0 1.7% -9.5 -9.5
Austria 2.8 3.0 6.5% 2.4 2.2 -7.2% 0.4 0.7
Poland 2.2 2.2 -0.8% 3.3 3.2 -2.6% -1.1 -1.0
Portugal 0.8 0.7 -3.0% 1.2 1.1 -7.2% -0.4 -0.4
Romania 0.8 0.8 -1.5% 1.2 1.0 -15.0% -0.4 -0.2
Slovenia 0.5 0.5 4.2% 0.6 0.6 -3.0% -0.1 0.0
Slovakia 0.6 0.6 -2.5% 1.2 1.2 7.5% -0.6 -0.7
Finland 1.9 1.9 -2.6% 1.5 1.5 -1.6% 0.4 0.3
Sweden 4.6 4.6 0.4% 3.4 3.2 -4.5% 1.2 1.4
United Kingdom 11.9 12.1 1.4% 17.7 17.8 0.5% -5.8 -5.7
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01-06 01-06

04-06 04-06
bn euro

bn euro
07-06 07-06

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01-07 01-07

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07-07

Balance
07-07
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Balance
10-07

01-08 01-08

`
04-08 04-08

Imports
07-08 07-08

Imports
Extra-EA16 trade

Extra-EU27 trade
10-08 10-08
Seasonally adjusted data

01-09 01-09
Exports
04-09 04-09

Exports
07-09 07-09

10-09 10-09

01-10 01-10

04-10 04-10

07-10 07-10