Directorate general Statistics and Economic inform : Euroområdets overskud på international varehandel var 20,7 mia. EUR

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01/15/2020 | 12:37 pm

9/2020 - 15 January 2020

November 2019

Euro area international trade in goods surplus €20.7 bn

€2.6 bn surplus for EU28

Euro area

The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2019 was €197.7 billion, a decrease of 2.9% compared with November 2018 (€203.7 bn). Imports from the rest of the world stood at €177.0 bn, a fall of 4.6% compared with November 2018 (€185.5 bn). As a result, the euro area recorded a €20.7 bn surplus in trade in goods with the rest of the world in November 2019, compared with +€18.2 bn in November 2018. Intra-euroarea trade fell to €166.0 bn in November 2019, down by 3.8% compared with November 2018.

International trade in goods of the euro area, € bn

220

ImportsExports

200

180

160

140

120

100

80

11-0902-1005-1008-1011-1002-1105-1108-1111-1102-1205-1208-1211-1202-1305-1308-1311-1302-1405-1408-1411-1402-1505-1508-1511-1502-1605-1608-1611-1602-1705-1708-1711-1702-1805-1808-1811-1802-1905-1908-1911-19

In January to November 2019, euro area exports of goods to the rest of the world rose to €2 159.0 bn (an increase of 2.5% compared with January-November 2018), and imports rose to €1 955.6 bn (an increase of 1.5% compared with January-November 2018). As a result the euro area recorded a surplus of €203.4 bn, compared with +€178.7 bn in January-November 2018. Intra-euroarea trade rose to €1 817.9 bn in January-November 2019, up by 0.9% compared with January-November 2018.

EA19 trade - non seasonally adjusted data

bn €

Flows

Nov 18

Nov 19

Growth

Jan-Nov 18

Jan-Nov 19

Growth

Extra-EA19 exports

203.7

197.7

-2.9%

2 105.4

2 159.0

2.5%

Extra-EA19 imports

185.5

177.0

-4.6%

1 926.7

1 955.6

1.5%

Extra-EA19 trade balance

18.2

20.7

178.7

203.4

Intra-EA19 trade

172.6

166.0

-3.8%

1 801.1

1 817.9

0.9%

The source dataset is available here.

European Union

The first estimate for extra-EU28 exports of goods in November 2019 was €172.7 billion, down with November 2018 (€172.8 bn). Imports from the rest of the world stood at €170.1 bn, down with November 2018 (€176.8 bn). As a result, the EU28 recorded a €2.6 bn surplus in trade in of the world in November 2019, compared with a deficit of €4 bn in November 2018. Intra-EU28 bn in November 2019, -4.6% compared with November 2018.

by 0.1% compared by 3.8% compared goods with the rest trade fell to €302.5

International trade in goods of the EU28, € bn

180

ImportsExports

160

140

120

100

80

60

11-0902-1005-1008-1011-1002-1105-1108-1111-1102-1205-1208-1211-1202-1305-1308-1311-1302-1405-1408-1411-1402-1505-1508-1511-1502-1605-1608-1611-1602-1705-1708-1711-1702-1805-1808-1811-1802-1905-1908-1911-19

In January to November 2019, extra-EU28 exports of goods rose to €1 867.0 bn (an increase of 3.5% compared with January-November 2018), and imports rose to €1 892.8 bn (an increase of 3.6% compared with January- November 2018). As a result, the EU28 recorded a deficit of €25.8 bn, compared with -€22.6 bn in January- November 2018. Intra-EU28 trade rose to €3 305.9 bn in January-November 2019, +1.2% compared with January- November 2018.

EU28 trade - non seasonally adjusted data

bn €

Flows

Nov 18

Nov 19

Growth

Jan-Nov 18

Jan-Nov 19

Growth

Extra-EU28 exports

172.8

172.7

-0.1%

1 803.7

1 867.0

3.5%

Extra-EU28 imports

176.8

170.1

-3.8%

1 826.4

1 892.8

3.6%

Extra-EU28 trade balance

-4.0

2.6

-22.6

-25.8

Intra-EU28 trade

317.0

302.5

-4.6%

3 268.3

3 305.9

1.2%

The source dataset is available here.

Main products - EU28

bn €

Extra-EU28 exports

Extra-EU28 imports

Trade balance

Jan-Nov 18

Jan-Nov 19

Growth

Jan-Nov 18

Jan-Nov 19

Growth

Jan-Nov 18

Jan-Nov 19

Total

1 803.7

1 867.0

3.5%

1 826.4

1 892.8

3.6%

-22.6

-25.8

Primary goods:

265.8

268.5

1.0%

557.8

530.3

-4.9%

-292.0

-261.7

Food & drink

112.0

123.8

10.5%

103.7

106.5

2.7%

8.3

17.4

Raw materials

47.1

48.3

2.5%

75.3

76.8

2.0%

-28.2

-28.5

Energy

106.7

96.4

-9.7%

378.8

347.0

-8.4%

-272.1

-250.6

Manufactured goods:

1 476.4

1 537.6

4.1%

1 218.2

1 274.4

4.6%

258.2

263.3

Chemicals

329.3

359.5

9.2%

189.4

202.9

7.1%

139.9

156.6

Machinery & vehicles

742.8

756.4

1.8%

569.3

601.4

5.6%

173.5

154.9

Other manuf'd goods

404.2

421.8

4.4%

459.4

470.0

2.3%

-55.2

-48.2

Other

61.5

60.9

-1.0%

50.4

88.2

75.0%

11.1

-27.3

The source dataset is available here.

Main trading partners - EU28

bn €

EU28 exports to

EU28 imports from

Trade balance

Jan-Nov 18

Jan-Nov 19

Growth

Jan-Nov 18

Jan-Nov 19

Growth

Jan-Nov 18

Jan-Nov 19

United States

375.1

413.8

10.3%

246.2

270.8

10.0%

128.9

143.0

China

194.5

205.2

5.5%

364.3

387.6

6.4%

-169.8

-182.4

Switzerland

145.9

148.5

1.8%

101.1

123.5

22.2%

44.8

25.0

Russia

78.9

84.2

6.7%

155.5

142.9

-8.1%

-76.6

-58.7

Turkey

72.1

67.0

-7.1%

70.3

74.0

5.3%

1.8

-7.0

Japan

59.5

63.5

6.7%

64.7

68.5

5.9%

-5.2

-5.0

Norway

50.1

51.5

2.8%

76.1

65.3

-14.2%

-26.0

-13.8

South Korea

46.6

43.5

-6.7%

46.6

48.0

3.0%

0.0

-4.6

India

41.0

38.9

-5.1%

42.9

45.0

4.9%

-1.9

-6.1

Canada

38.3

40.8

6.5%

28.4

31.8

12.0%

9.9

9.0

The source dataset is available here.

Member States' total trade (intra-EU + extra-EU)

bn €

Total exports

Total imports

Trade balance

Total

Intra-EU

Extra-EU

Total

Intra-EU

Extra-EU

Total

Intra-EU

Extra-EU

Jan-Nov

Growth /

Jan-Nov

Growth /

Jan-Nov

Growth /

Jan-Nov

Growth /

Jan-Nov

Growth /

Jan-Nov

Growth /

Jan-Nov

Jan-Nov

Jan-Nov

Jan-Nov

Jan-Nov

Jan-Nov

19

Jan-Nov

19

Jan-Nov

19

Jan-Nov

19

Jan-Nov

19

Jan-Nov

19

Jan-Nov

19

18

19

18

19

18

18

18

18

18

18

18

Belgium

365.5

0%

265.1

-1%

100.4

2%

349.6

-1%

224.0

-1%

125.5

0%

15.9

13.5

41.1

40.8

-25.1

-27.3

Bulgaria

27.4

5%

18.5

3%

8.9

10%

28.7

-3%

19.3

3%

9.4

-13%

-1.3

-3.6

-0.8

-0.9

-0.5

-2.7

Czechia

164.8

4%

138.5

3%

26.3

7%

146.2

1%

110.5

-1%

35.8

6%

18.6

14.1

28.0

23.3

-9.5

-9.2

Denmark

90.8

5%

52.8

0%

37.9

14%

80.4

0%

56.2

0%

24.2

1%

10.4

5.9

-3.4

-3.5

13.8

9.4

Germany

1 231.9

1%

722.8

0%

509.1

2%

1 019.6

1%

680.8

2%

338.8

0%

212.3

219.1

42.0

56.5

170.3

162.6

Estonia

13.4

0%

9.5

4%

3.9

-8%

14.8

-1%

11.6

1%

3.2

-8%

-1.4

-1.6

-2.1

-2.4

0.7

0.8

Ireland

139.9

9%

66.7

4%

73.2

15%

78.3

-5%

51.7

-3%

26.6

-9%

61.6

45.3

15.0

10.7

46.6

34.6

Greece

30.9

0%

17.4

7%

13.5

-7%

51.0

2%

27.0

4%

24.0

1%

-20.2

-19.0

-9.7

-9.8

-10.5

-9.1

Spain

274.1

1%

182.3

1%

91.9

1%

305.5

0%

177.0

-1%

128.5

2%

-31.4

-33.3

5.3

1.9

-36.7

-35.2

France

467.2

3%

273.2

2%

194.1

6%

536.9

2%

366.9

1%

170.0

5%

-69.7

-71.9

-93.8

-93.7

24.1

21.8

Croatia

14.3

5%

9.7

5%

4.6

4%

23.2

5%

18.5

8%

4.7

-6%

-8.9

-8.5

-8.7

-7.8

-0.2

-0.7

Italy

438.5

2%

246.7

1%

191.7

4%

390.5

-1%

230.7

0%

159.9

-1%

47.9

36.5

16.1

13.7

31.8

22.8

Cyprus

2.8

-31%

1.3

12%

1.5

-48%

7.5

-10%

5.0

3%

2.5

-28%

-4.6

-4.2

-3.7

-3.7

-1.0

-0.5

Latvia

12.7

1%

8.6

2%

4.1

-2%

15.2

-1%

11.8

3%

3.4

-12%

-2.5

-2.8

-3.2

-3.1

0.7

0.3

Lithuania

27.3

5%

16.1

5%

11.2

5%

29.4

3%

20.0

2%

9.4

6%

-2.1

-2.5

-3.8

-4.2

1.8

1.8

Luxembourg

13.7

9%

11.6

8%

2.2

9%

19.8

6%

16.8

2%

3.0

38%

-6.1

-6.0

-5.2

-5.8

-0.9

-0.2

Hungary

102.9

4%

84.2

4%

18.7

5%

99.3

4%

73.1

2%

26.3

10%

3.5

3.1

11.1

9.3

-7.6

-6.2

Malta

2.4

5%

1.4

1%

1.0

11%

5.9

19%

4.3

20%

1.6

15%

-3.5

-2.7

-3.0

-2.2

-0.6

-0.5

Netherlands

581.7

2%

428.1

2%

153.6

5%

521.3

4%

236.2

3%

285.1

4%

60.4

64.3

191.9

192.0

-131.5

-127.7

Austria

148.3

2%

105.3

1%

43.0

4%

153.3

1%

119.4

1%

33.9

0%

-5.0

-6.7

-14.0

-13.9

9.0

7.2

Poland

217.2

5%

173.5

4%

43.8

10%

215.4

2%

147.8

0%

67.6

8%

1.8

-3.2

25.7

19.3

-23.8

-22.5

Portugal

55.3

4%

42.6

5%

12.7

0%

74.3

7%

56.8

8%

17.6

4%

-19.0

-16.0

-14.2

-11.8

-4.8

-4.2

Romania

63.9

2%

49.3

2%

14.5

2%

79.7

4%

59.6

4%

20.1

4%

-15.8

-13.7

-10.2

-8.7

-5.5

-5.0

Slovenia

37.2

7%

27.4

3%

9.8

20%

36.1

9%

22.9

3%

13.1

22%

1.1

1.7

4.5

4.3

-3.4

-2.6

Slovakia

74.3

1%

63.1

0%

11.2

7%

74.5

2%

60.2

4%

14.3

-3%

-0.2

0.7

2.8

4.9

-3.0

-4.2

Finland

59.7

1%

34.9

0%

24.8

3%

60.1

-2%

43.0

0%

17.2

-6%

-0.4

-2.0

-8.1

-7.9

7.7

6.0

Sweden

132.3

2%

76.8

-1%

55.5

6%

130.3

-2%

91.5

-2%

38.8

-3%

2.0

-3.3

-14.7

-15.8

16.7

12.5

United Kingdom

382.6

0%

178.5

-1%

204.1

1%

570.5

8%

281.9

1%

288.6

17%

-187.9

-143.3

-103.4

-98.7

-84.5

-44.6

The source dataset is available here.

Geographical information

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

Methods and definitions

Since the introduction of Intrastat for intra-EU trade on 1 January 1993, the value of intra-EU exports has been consistently higher than that of intra-EU imports. In theory, as exports are declared FOB and imports CIF, the value of corresponding imports should be slightly higher than that of exports. Eurostat uses intra-EU exports as the more reliable measure of total intra-EU trade as, at aggregated levels, total intra-EU exports has better coverage than total intra-EU imports. 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.

Dutch trade flows are over-estimated because of the so-called 'Rotterdam effect' (or quasi-transit trade): that is goods bound for other EU countries arrive in Dutch ports and, according to EU rules, are recorded as extra-EU imports by the Netherlands (the country where goods are released for free circulation). This in turn increases the intra-EU flows from the Netherlands to those Member States to which the goods are re-exported. Although to a lesser extent, trade figures of other Member States like Belgium or Luxembourg may also be overestimated due to quasi-transit.

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.

Products are classified according to the Standard international trade classification(SITC), Revision 4.

Revisions and timetable

This News Release is based on data available on 13 January 2020. 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.

For more information

Eurostat website sectionon international trade in goods

Eurostat database sectionon international trade in goods

Eurostat Statistics Explained articleon international trade in goods statistics

Eurostat €-indicatorsrelease calendar

Issued by: Eurostat Press Office

For further information on data:

Veronika LANG

Michele MAROTTA

Tel: +352-4301-33 444

Tel: +352-4301-32 493

eurostat-pressoffice@ec.europa.eu

estat-etfree@ec.europa.eu

EurostatStatistics

ec.europa.eu/eurostat/

@EU_Eurostat

Media requests: Eurostat media support / Tel: +352-4301-33 408 / eurostat-mediasupport@ec.europa.eu

Annex - Seasonally adjusted data

In November 2019 compared with October 2019, euro area seasonally adjusted exports decreased by 2.8%, while imports decreased by 0.5%. The seasonally adjusted balance was +€19.2 bn, a fall compared with October (+€24.0 bn).

EA19 trade - seasonally adjusted data

bn €

Flows

Dec 18

Jan 19

Feb 19

Mar 19

Apr 19

May 19

Jun 19

Jul 19

Aug 19

Sep 19

Oct 19

Nov 19

Extra-EA19 exports

193.7

195.6

194.5

196.3

193.1

195.2

193.8

193.6

195.3

195.8

200.2

194.6

Extra-EA19 imports

178.4

178.9

175.1

179.2

177.5

176.9

176.1

176.7

175.3

177.2

176.2

175.4

Extra-EA19 trade balance

15.3

16.7

19.5

17.1

15.6

18.3

17.8

17.0

20.0

18.7

24.0

19.2

Intra-EA19 trade

163.5

166.3

165.2

164.5

164.1

165.6

163.5

163.0

162.2

162.9

164.3

162.7

The source dataset is available here.

In November 2019 compared with October 2019, EU28 seasonally adjusted exports decreased by 2.0%, while imports decreased by 2.4%. The seasonally adjusted balance was +€1.6 bn, an increase compared with October (+€1.0 bn).

EU28 trade - seasonally adjusted data

bn €

Flows

Dec 18

Jan 19

Feb 19

Mar 19

Apr 19

May 19

Jun 19

Jul 19

Aug 19

Sep 19

Oct 19

Nov 19

Extra-EU28 exports

163.0

166.8

166.0

167.2

170.7

171.3

169.3

167.7

168.5

169.4

174.6

171.1

Extra-EU28 imports

170.2

172.8

168.3

169.2

170.2

168.6

166.6

174.9

173.8

174.2

173.7

169.6

Extra-EU28 trade balance

-7.2

-6.0

-2.3

-2.0

0.5

2.7

2.7

-7.1

-5.3

-4.8

1.0

1.6

Intra-EU28 trade

297.9

302.4

302.3

305.3

294.4

298.1

294.7

295.2

295.6

296.8

299.6

295.9

The source dataset is available here.

Contribution of EU28 Member States to extra-EU28 trade - seasonally adjusted data

bn €

Total exports

Total imports

Trade balance

Oct 19

Nov 19

Growth

Oct 19

Nov 19

Growth

Oct 19

Nov 19

EU28

174.6

171.1

-2.0%

173.7

169.6

-2.4%

1.0

1.6

Belgium

9.3

9.1

-1.9%

11.3

11.6

3.0%

-2.0

-2.5

Bulgaria

0.8

0.8

-6.9%

0.8

0.7

-6.3%

0.0

0.0

Czechia

2.5

2.4

-1.2%

3.4

3.3

-0.4%

-0.9

-0.9

Denmark

3.7

3.7

2.3%

2.2

2.1

-4.3%

1.4

1.6

Germany

46.7

45.4

-2.8%

30.7

30.4

-0.9%

16.0

15.0

Estonia

0.3

0.3

-0.6%

0.3

0.3

-15.5%

0.0

0.1

Ireland

6.8

6.6

-3.8%

2.4

2.0

-19.4%

4.4

4.6

Greece

1.1

1.1

8.3%

2.1

2.1

-1.7%

-1.0

-0.9

Spain

8.1

8.6

6.2%

11.2

11.1

-0.7%

-3.1

-2.5

France

18.5

17.7

-4.5%

15.1

15.7

3.9%

3.4

2.0

Croatia

0.4

0.4

-1.5%

0.4

0.5

9.7%

0.0

-0.1

Italy

18.6

17.5

-5.8%

14.1

14.0

-0.7%

4.4

3.5

Cyprus

0.2

0.2

-0.5%

0.2

0.1

-30.5%

0.0

0.0

Latvia

0.4

0.4

0.4%

0.3

0.3

7.6%

0.1

0.1

Lithuania

1.0

1.0

-0.7%

0.9

0.8

-11.8%

0.1

0.2

Luxembourg

0.2

0.2

0.3%

0.1

0.1

5.1%

0.1

0.0

Hungary

1.8

1.7

-3.8%

2.3

2.3

-1.8%

-0.5

-0.6

Malta

0.1

0.1

-8.4%

0.3

0.1

-52.4%

-0.2

0.0

Netherlands

15.0

14.6

-2.9%

26.6

26.5

-0.6%

-11.6

-11.9

Austria

4.1

3.9

-5.5%

2.9

2.8

-1.8%

1.3

1.1

Poland

4.1

4.2

4.8%

6.4

6.5

0.6%

-2.4

-2.2

Portugal

1.2

1.1

-3.9%

1.5

1.7

10.6%

-0.3

-0.5

Romania

1.3

1.3

4.8%

1.9

1.8

-3.3%

-0.6

-0.5

Slovenia

1.0

1.0

2.7%

1.3

1.2

-6.5%

-0.4

-0.3

Slovakia

1.0

1.0

2.0%

1.2

1.2

-1.7%

-0.3

-0.2

Finland

2.2

2.2

-2.6%

1.6

1.5

-5.9%

0.7

0.7

Sweden

5.0

5.2

4.3%

3.6

3.4

-5.8%

1.4

1.8

United Kingdom

19.5

19.4

-0.4%

28.6

25.5

-10.9%

-9.2

-6.1

The source dataset is available here.

40-

30-

20-

10-

0

10

20

30

11-09

02-10

05-10

08-10

11-10

02-11

05-11

International

08-11

11-11

02-12

05-12

08-12

11-12

trade

02-13

05-13

08-13

in

11-13

seasonally balance, goods

02-14

EU28 area Euro

05-14

08-14

11-14

02-15

05-15

08-15

11-15

02-16

05-16

08-16

11-16

02-17

adjusted,

05-17

08-17

11-17

02-18

05-18

bn

08-18

11-18

02-19

05-19

08-19

11-19

Disclaimer

Europa-Kommissionen - Repræsentation i Danmark published this content on 15 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2020 11:37:00 UTC

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