The first estimate for the euro area (EA12) trade balance with the rest of the world in November 2006 gave a 3.1 bn euro surplus compared with -2.0 bn in November 2005. The October 20062 balance was +3.0 bn, compared with +0.1 bn in October 2005. In November 2006 compared with October 2006, exports, seasonally adjusted, rose by 1.7% while imports fell by 0.1%.
The first estimate for November 2006 extra-EU25 trade was a deficit of 12.4 bn euro, compared with -14.7 bn in November 2005. In October 2006, the balance was -12.9 bn, compared with -11.0 bn in October 2005. In November 2006 compared with October 2006, exports, seasonally adjusted, rose by 2.0% while imports fell by 0.1%.
These data are released by Eurostat, the Statistical Office of the European Communities.
EU25 January-October 2006 detailed results
The energy deficit grew strongly (-236.9 bn euro in January-October 2006 compared with -180.6 bn in January-October 2005), while the surpluses rose in the chemicals sector (+65.5 bn compared with +58.5 bn) and for machinery and vehicles (+91.9 bn compared with +85.1 bn).
EU25 trade flows with its major partners grew. The most notable increases were for exports to Russia (+26% in January-October 2006 compared with January-October 2005), China (+23%), Canada (+14%), Norway and Turkey (both +13%), and for imports from Russia (+29%), Norway (+24%), China (+21%) and India (+19%).
The EU25 trade surplus with the USA increased (+75.7 bn euro in January-October 2006 compared with +72.8 bn in January-October 2005), but decreased with Switzerland (+12.5 bn compared with +13.9 bn). The EU25 trade deficit grew with China (-103.3 bn compared with -86.5 bn), Russia (-58.4 bn compared with -44.0 bn), Norway
(-35.4 bn compared with -26.0 bn), Japan (-26.2 bn compared with -24.3 bn) and South Korea (-13.0 bn compared to -10.3 bn).
Concerning the total trade of Member States, the largest surplus was observed in Germany (+132.6 bn euro in January-October 2006), followed by the Netherlands (+29.1 bn), Ireland (+28.0 bn) and Sweden (+13.9 bn). The United Kingdom (-105.7 bn) registered the largest deficit, followed by Spain (-72.5 bn), France (-28.6 bn), Greece (-28.4 bn) and Italy (-19.6 bn).