The EU-27’s trade surplus for services with the United Kingdom was valued at EUR 45.1 billion in 2018, the largest of its trade surpluses with any of the G20 members. Trade balance. The US dollar selling pauses amid stabilizing Treasury yields. European Commission Directorate-General for Trade 08-05-2020 3 Units A4 / G2 European Union, Trade with China Total goods: EU Trade flows and balance, annual data 2009 - 2019 Source Eurostat Comext - Statistical regime 4 Total goods: EU Trade flows and balance Source Eurostat Comext - Statistical regime 4 Period Imports Exports Balance Total trade Trade value in million EUR - Seasonally and calendar adjusted data. The 27-member bloc’s exports of goods totaled €504.3 billion, posting a 3.2% decrease year-on-year, Eurostat data showed. Table reflects only those months for which there was trade. Main trading partners are the United Kingdom (12 percent of total exports and 10 percent of imports) and the United States (13 percent of exports and 6 percent of imports). The calculation is complicated, since different methodologies are used for collecting data and calculating indicators in different EU countries. The UK had a trade surplus of £49 billion with non-EU countries. The trade balance is the difference between exports and imports or exports minus imports. Latest monthly trade figures for EU and Euro area with Extra-EU The slump in exports was the main driver of a 19.3% fall in UK exports to the world at the start of the year. The International trade balance indicator is the difference between exports and imports of goods. A surplus of £18 billion on trade in services was outweighed by a deficit of -£97 billion on trade in goods. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Exports tumbled 9% to EUR 199.3 billion, due to mineral fuels, lubricants & related materials (-38.3%); machinery & transport equipment (-9.8%) and manufactured goods classified chiefly by material (-7.7%). As a result, the EU recorded a €8.4 bn surplus in trade in goods with the rest of the world in January 2021, compared with a deficit of €2.2 bn in January 2020. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. Germany, Italy, France and Netherlands account for the largest share of total trade. European Union Trade Balance recorded a surplus of 34.9 USD bn in Jan 2021, compared with a surplus of 32.2 USD bn in the previous month. Having faced rejection once again below the 200-DMA at 1.1890, EUR/USD is easing towards 1.1850. 2017. Euro Area runs regular trade surpluses primarily due to its high export of manufactured goods such as machinery and vehicles. The trade balance with countries outside the Euro-zone. The EU's foreign trade balance saw a €20.2 billion ($22.2 billion) surplus in January-February, the union's statistical authority said on Monday. Italy's EU Trade Balance index measures the difference in value between import and export of goods and services, which come from European Union countries and goes to other EU countries, in a certain period taken into consideration. Trade with the US recorded a significant drop in both imports (-27.5%) and exports (-9.4%). Description. Euro area is a net importer of energy and raw materials. Considering the first ten months of the year, the trade surplus widened to EUR 180.1 billion from EUR 178.2 billion as exports slipped 11.1 percent and imports dropped 12.4 percent due to the coronavirus crisis. Exports of goods and services to other EU countries were worth £274 billion in 2017, while exports from the rest of the EU to the UK were worth about £341 billion . Exports are expressed in value terms and measured free on board (FOB), while imports are expressed in value terms and … 362. Back to accessibility links Canada-EU trade Canada's trade balance with European Union countries, 2008-2012 By David McKie, CBC News Last Updated: Oct. 29, 2013 The United Kingdom imports more services and goods from the European Union than exporting them. The Trading Economics Application Programming Interface (API) provides direct access to our data. Publish your articles and forecasts in our website. 2000 : U.S. trade in goods with European Union . The share of UK imports accounted for by the EU fell from 57% in 2006 to 52% in 2019. The difference between exports and imports, expressed in prices. Publish your articles and forecasts in our website. Exports fell 1.0 percent to EUR 197 billion and imports dropped at a faster 4.2 percent to EUR 171 billion. Intra-EU trade fell to €244.9 bn in January 2021, -5.4% compared with January 2020. Details may not equal totals due to rounding. The UK had an overall trade deficit of -£79 billion with the EU in 2019. The data reached an all-time high of 158.6 USD bn in Sep 2017 and a record low of -77.5 USD bn in Jun 2008. Non-Eu Trade Balance. Considering full 2020, Eurozone’s trade surplus rose to EUR 234.5 billion from EUR 221 billion in 2019, with exports falling 9.2 percent and imports dropping at a faster 10.8 percent as global trade was disrupted by the Covid-19 pandemic. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). The index is gradually losing its influence on the market because of the the growing importance of capital flows, rather than goods. 1999-2021 Data | 2022-2023 Forecast | Calendar. The European Union’s trade balance was positive in 2019, with exports exceeding imports by €197 billion, as against 152 billion the previous year, data published on Wednesday by the European Statistical Office, Eurostat, shows. Exports climbed 2.3 percent from a year earlier to EUR 190.7 billion while imports fell 1.3 percent to EUR 161.5 billion. The Trade Balance measures the difference in value between imported and exported goods sand services, from and to Non-Eu countries, over the reported period. The Office for National Statistics (ONS) said on Friday that exports to the EU fell by 40.7% in January 2021, equivalent to £5.6bn ($7.8bn) less trade with the bloc. The narrowing of the underlying trade in goods deficit in the 12 months to July 2020 was because of a £19.4 billion narrowing of the deficit with non-EU countries to £26.0 billion, while the deficit with EU countries narrowed £17.9 billion to £78.9 billion. Eurozone Private Sector Returns to Growth in March, Eurozone Services Activity Shrinks Less in March, Eurozone February Jobless Rate Above Forecasts, Eurozone Manufacturing Sector Grows at Record Rate, Eurozone Inflation Rate at Over 1-Year High, Eurozone Consumer Confidence Confirmed at Over 1-Year High, Eurozone Services Sentiment Strongest in Almost a Year, Eurozone Industry Confidence Jumps to Over 2-Year High, Eurozone Economic Sentiment at Over 1-Year High, China Equities Turn Higher in Afternoon Deals, Australian Shares Close at Fresh 13-Month Highs, Norway Industrial Output Rises the Least in 3 Months, Germany Factory Orders Rise for 2nd Month, Thailand Consumer Sentiment Weakens in March, Estonia Inflation Rate Accelerates to 13-Month High, Japan Consumer Morale Rises to 13-Month High. Trade Balance. The Office for National Statistics (ONS) said on Friday that exports to the EU fell by 40.7% in January 2021, equivalent to £5.6bn ($7.8bn) less trade with the bloc. Exports are expressed in value terms and measured free on board (FOB), while imports are expressed in value terms and measured "cost, insurance, freight" (CIF ). Download : Download high-res image (300KB) The Eurozone's trade surplus widened to EUR 30 billion in October 2020 from EUR 27.2 billion in the corresponding month of the previous year. The balance of trade measures a flow of exports and imports over a given period of time. Download historical data for 20 million indicators using your browser. The decision resulted in uncertainty for Myanmar’s industries, especially the garment and shoemaking sectors, as the EU … Eurozone's trade surplus widened to EUR 6.3 billion in January of 2020 from EUR 1.6 billion in the corresponding month of the previous year. The Trading Economics Application Programming Interface (API) provides direct access to our data. Exports to the European Union (EU) fell by 40% at the start of the year as Brexit took effect. According to the European Commission Directorate-General for Trade.The 10 largest … (Figures from the EU … The data reached an all-time high of 34.9 USD bn in Jan 2021 and a record low of -27.0 USD bn in Jul 2008. In 2018, the EU-27’s largest trade partners (exports and imports combined) for services among the G20 members were, by far, the United States and the United Kingdom (see Figure 6), both with total trade in excess of EUR 370 billion. Eurozone - Trade Balance (EUR) Data. Investment The EU's foreign trade balance saw a €99.7 billion ($118.4 billion) surplus in January-July, the union's statistical authority revealed on Wednesday. European Union Consumer Confidence Major Purchases Expectations at -14.60, European Union Consumer Confidence Current Conditions at -8.50, European Union Consumer Confidence Price Trends at 18.30, European Union Consumer Confidence Savings Expectations at -0.40, European Union Consumer Confidence Unemployment Expectations at 3.50, European Union Consumer Confidence Economic Expectations at -5.00, European Union Consumer Confidence Financial Expectations at 0.20, European Union Asylum Applications at 7090.00 persons, European Union Home Ownership Rate at 69.80 percent, European Union Balance of Trade at 8437.70 EUR Million, China Equities Turn Higher in Afternoon Deals, Australian Shares Close at Fresh 13-Month Highs, Norway Industrial Output Rises the Least in 3 Months, Germany Factory Orders Rise for 2nd Month, Thailand Consumer Sentiment Weakens in March, Estonia Inflation Rate Accelerates to 13-Month High, Japan Consumer Morale Rises to 13-Month High. In 2017, the rest of the EU sold about £67 billion more to us in goods and services than we sold to them, according to UK data—so the UK runs a “trade deficit” with the rest of the EU. EU trade perks in the balance. January 2020 (€168.4 bn). Euro Area Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Although this has been the case since at least 1999, from 2016 onwards the UK-EU trade balance … 1999-2021 Data | 2022-2023 Forecast | Historical. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The International trade balance indicator is the difference between exports and imports of goods. The United States has a services trade surplus of an estimated $54.4 billion with the EU 27 in 2019, down 4.5 percent from 2018. In 2016, for example, the estimated China-EU trade balance based on Chinese release became larger, increasing from US$130.9 billion to US$145.7 billion; the estimated China-EU trade balance based on EU release became smaller, decreasing from US$193.0 billion to US$165.8 billion. China was the main partner for the EU due to an increase of imports (+3.4%) while exports remained almost unchanged. 2019. Meantime, exports fell at a softer 11.4 percent to a five-month low of EUR 163.1 billion, mainly due to reduced sales of mineral fuels, lubricants & related materials (-30.9%); machinery & transport equipment (-14.5%) and manufactured goods (-11.2%). Eurozone's trade surplus widened to EUR 25.79 billion in November 2020, from EUR 20.15 billion in the same period last year and compared with market expectations of EUR 26.0 billion. Balance of Trade in Euro Area is expected to be 26500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Direct access to our calendar releases and historical data. Sometimes a distinction is made between a balance of trade for goods versus one for services. Direct access to our calendar releases and historical data. The U.S. goods trade deficit with the EU 27 was $184.3 billion in 2019, a 5.8 percent increase ($10.1 billion) over 2018. Exports of goods record flows from an EA/EU Member State to a non-EA/EU country while imports record inwards flows. 2015. European Union Trade Balance data is updated monthly, available from Jan 2002 to Jan 2021, with an averaged value of 5.5 USD bn. Trade balance of the European Union with China 2009-2019 Value of EU imports from China 2019, by commodity Total value of U.S. trade in goods with China 2010-2020 EU Member States trade mainly among themselves, with intra-EU trade amounting to … Imports declined 14.1 percent from a year earlier to a five-month low of EUR 156.8 billion, amid lower purchases of mineral fuels, lubricants & related materials (-30.5%); food & beverages (-16.8%) and machinery & transport equipment (-10%). The EU’s foreign trade balance saw a €42.7 billion (nearly $46.1 billion) surplus in January-March, the union’s statistical authority said on Friday. China was the main partner for the EU due to an increase of exports (+9.4%) while imports decreased (-2.2%). 2016. The Trade Balance is seasonally adjusted, so trade flows can be properly estimated from season to season. Trade Balance (EUR billion) 348. The UK imported £302 billion worth of goods and services from the EU, and exported £242 billion worth, according to the Office for National Statistics. Still, it was the smallest trade surplus since last April, linked to the reintroduction of coronavirus restrictions in several European countries. Eurozone's trade surplus widened to EUR 29.2 billion in December 2020 from EUR 22.6 billion in the corresponding month of the previous year and above market expectations of EUR 25.3 billion. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. On February 12, the European Union Commission pulled the plug on Cambodia’s Generalised Scheme of Preferences (GSP), citing “serious and systematic violations of human-rights principles,” partially withdrawing the country’s preferential access to the EU. Balance of Trade in European Union averaged 4132.63 EUR Million from 1999 until 2021, reaching an all time high of 30184.60 EUR Million in December of 2020 and a record low of -20050.10 EUR Million in January of 2008. Exports of goods record flows from an EA/EU Member State to a non-EA/EU country while imports record inwards flows. The value of the trade deficit was about £60 billion in the 12 months to September 2016. 2018. Imports declined at a faster 11.7% to EUR 169.3 billion, due to mineral fuels, lubricants & related materials (-37.9%); beverages and tobacco (-13.7%) and machinery & transport equipment (-12.3%). European Commission Directorate-General for Trade 08-05-2020 2 Units A4 / G2 European Union, Trade with Senegal Key Figures Indicator Unit Period Imports Exports Total trade Balance Last year Mio euros 2019 490 3,740 4,230 3,250 Rank as EU partner 2019 96 53 62 Share in EU trade % 2019 0.0 0.2 0.1 Annual growth rate % 2018 - 2019 -2.9 16.4 The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Download historical data for 20 million indicators using your browser. A positive number indicates that more goods and services were exported than imported. This page provides the latest reported value for - European Union Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic … EU Current Account Balance: USD mn data is updated quarterly, available from Mar 1999 to Dec 2020, with an averaged value of 19.8 USD bn.

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