142/2015 - 17 August 2015 June 2015 Euro area international trade in goods surplus €26.4 bn €10.4 bn surplus for EU28 Euro area 1 The first estimate for euro area (EA19) exports of goods to the rest of the world in June 2015 was €182.7 billion, an increase of 12% compared with June 2014 (€162.7 bn). Imports from the rest of the world stood at €156.4 bn, a rise of 7% compared with June 2014 (€146.7 bn). As a result, the euro area recorded a €26.4 bn surplus in trade in 2 goods with the rest of the world in June 2015, compared with +€16.0 in June 2014. Intra-euro area trade rose to €151.2 bn in June 2015, up by 10% compared with June 2014. 3 These data are released by Eurostat, the statistical office of the European Union. International trade in goods of the euro area, € bn 180 Imports Exports 160 140 120 100 80 01-04 04-04 07-04 10-04 01-05 04-05 07-05 10-05 01-06 04-06 07-06 10-06 01-07 04-07 07-07 10-07 01-08 04-08 07-08 10-08 01-09 04-09 07-09 10-09 01-10 04-10 07-10 10-10 01-11 04-11 07-11 10-11 01-12 04-12 07-12 10-12 01-13 04-13 07-13 10-13 01-14 04-14 07-14 10-14 01-15 04-15 60 In January to June 2015, euro area exports of goods to the rest of the world rose to €1011.7 bn (an increase of 6% compared with January-June 2014), while imports rose to €896.7 bn (an increase of 3% compared with JanuaryJune 2014). As a result the euro-area recorded a surplus of €115.0 bn, compared with a +€76.4 bn in JanuaryJune 2014. Intra-euro area trade rose to €850.7 bn in January-June 2015, up by 3% compared with January-June 2014. bn € EA19 trade - non seasonally adjusted data Flows Extra-EA19 exports Extra-EA19 imports Extra-EA19 trade balance 2 Intra-EA19 trade Jun 14 162.7 146.7 16.0 137.9 Jun 15 182.7 156.4 26.4 151.2 Growth 12% 7% 10% Jan-Jun 14 950.0 873.6 76.4 827.0 Jan-Jun 15 1 011.7 896.7 115.0 850.7 Growth 6% 3% 3% European Union 1 The first estimate for extra-EU28 exports of goods in June 2015 was €159.7 billion, up by 13% compared with June 2014 (€141.4 bn). Imports from the rest of the world stood at €149.3 bn, up by 7% compared with June 2014 (€139.4 bn). As a result, the EU28 recorded a €10.4 bn surplus in trade in goods with the rest of the world in June 2 2015, compared with +€2.0 in June 2014. Intra-EU28 trade rose to €271.3 bn in June 2015, +10% compared with June 2014. International trade in goods of the EU28, € bn 180 Imports Exports 160 140 120 100 80 04-15 01-15 10-14 07-14 04-14 01-14 10-13 07-13 04-13 01-13 10-12 07-12 04-12 01-12 10-11 07-11 04-11 01-11 10-10 07-10 04-10 01-10 10-09 07-09 04-09 01-09 10-08 07-08 04-08 01-08 10-07 07-07 04-07 01-07 10-06 07-06 04-06 01-06 10-05 07-05 04-05 01-05 10-04 07-04 04-04 01-04 60 In January to June 2015, extra-EU28 exports of goods rose to €887.9 bn (an increase of 7% compared with January-June 2014), while imports rose to €864.6 bn (an increase of 4% compared with January-June 2014). As a result, the EU28 recorded a surplus of €23.3 bn, compared with -€3.8 bn in January-June 2014. Intra-EU28 trade rose to €1532.9 bn in January-June 2015, +4% compared with January-June 2014. bn € EU28 trade - non seasonally adjusted data Flows Extra-EU28 exports Extra-EU28 imports Extra-EU28 trade balance 2 Intra-EU28 trade Main products4 - EU28 Total Primary goods: Food & drink Raw materials Energy Manufactured goods: Chemicals Machinery & vehicles Other manuf’d goods Other Jun 15 159.7 149.3 10.4 271.3 Growth 13% 7% 10% Jan-Jun 14 829.0 832.8 -3.8 1 467.8 Jan-Jun 15 887.9 864.6 23.3 1 532.9 Growth 7% 4% 4% bn € Extra-EU28 exports Extra-EU28 imports Trade balance Jan-Jun 14 Jan-Jun 15 Growth Jan-Jun 14 Jan-Jun 15 Growth Jan-Jun 14 Jan-Jun 15 829.0 887.9 7% 832.8 864.6 4% -3.8 23.3 129.7 122.3 -6% 315.1 263.4 -16% -185.4 -141.0 51.7 55.1 7% 48.6 54.1 11% 3.0 1.0 21.7 23.0 6% 37.3 36.9 -1% -15.6 -14.0 56.4 44.2 -22% 229.2 172.3 -25% -172.9 -128.1 666.6 730.3 10% 498.8 576.8 16% 167.8 153.4 137.1 158.3 15% 82.9 93.9 13% 54.2 64.4 341.7 370.2 8% 219.9 259.3 18% 121.8 110.9 187.7 201.8 8% 195.9 223.7 14% -8.2 -21.9 32.7 35.3 8% 18.8 24.4 29% 13.8 10.9 Main trading partners - EU28 United States China Switzerland Russia Turkey Norway Japan South Korea India Brazil Jun 14 141.4 139.4 2.0 245.8 bn € EU28 exports to EU28 imports from Trade balance Jan-Jun 14 Jan-Jun 15 Growth Jan-Jun 14 Jan-Jun 15 Growth Jan-Jun 14 Jan-Jun 15 149.0 184.0 23% 100.2 124.6 24% 48.8 59.4 78.6 84.4 7% 140.1 167.0 19% -61.5 -82.6 71.2 74.1 4% 48.0 50.9 6% 23.2 23.3 52.1 35.4 -32% 97.3 71.7 -26% -45.2 -36.3 36.6 41.0 12% 27.0 30.2 12% 9.6 10.8 25.0 24.9 -1% 44.7 38.7 -13% -19.7 -13.9 26.0 26.4 2% 27.2 29.7 9% -1.2 -3.2 20.1 24.3 21% 19.7 20.8 6% 0.4 3.5 16.7 19.4 17% 18.5 20.4 11% -1.8 -1.0 18.7 17.9 -4% 15.5 15.7 1% 3.2 2.2 Member States’ total trade (intra-EU + extra-EU) bn € Total exports Total Intra-EU Total imports Extra-EU Total Intra-EU Trade balance Extra-EU Total Intra-EU Extra-EU Growth / Growth / Growth / Growth / Growth / Growth / Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun Jan-Jun 15 15 15 15 15 15 15 14 15 14 15 14 14 14 14 14 14 14 Belgium 180.9 2% 129.1 3% 51.8 -2% 167.4 -2% 103.2 -9% 64.2 10% 13.5 6.5 25.9 12.5 -12.4 -6.0 Bulgaria 11.4 11% 7.2 12% 4.2 8% 13.0 5% 8.2 8% 4.8 0% -1.6 -2.1 -1.0 -1.2 -0.6 -0.9 Czech Republic 69.8 8% 58.1 9% 11.8 4% 61.0 9% 47.2 10% 13.7 7% 8.9 8.7 10.8 10.1 -1.9 -1.4 Denmark 43.5 5% 26.7 1% 16.8 12% 38.1 3% 26.0 1% 12.1 6% 5.4 4.4 0.6 0.7 4.7 3.7 Germany 596.4 7% 347.2 6% 249.2 9% 470.9 3% 308.9 3% 162.0 4% 125.5 99.9 38.3 26.2 87.3 73.8 Estonia Ireland 5.8 -1% 4.4 4% 1.4 -12% 6.5 -4% 5.2 -5% 1.3 4% -0.7 -0.9 -0.8 -1.3 0.2 0.4 52.1 19% 28.3 21% 23.8 17% 29.4 12% 19.7 9% 9.7 16% 22.7 17.3 8.6 5.4 14.1 11.9 13.0 -2% 7.0 10% 6.0 -13% 22.1 -7% 11.8 5% 10.3 -17% -9.2 -10.5 -4.8 -4.9 -4.4 -5.6 Spain 128.6 5% 84.1 7% 44.5 2% 140.5 5% 84.8 11% 55.7 -4% -11.9 -11.7 -0.7 2.5 -11.2 -14.2 France 229.8 5% 136.5 2% 93.2 10% 258.9 1% 176.3 0% 82.6 2% -29.2 -38.3 -39.8 -41.9 10.6 3.6 Greece 5.5 12% 3.7 16% 1.8 5% 9.0 5% 7.0 9% 2.0 -8% -3.4 -3.6 -3.3 -3.2 -0.1 -0.4 206.7 5% 113.9 4% 92.8 6% 188.2 5% 109.3 7% 78.9 1% 18.5 17.2 4.6 7.9 13.9 9.3 Cyprus 0.9 28% 0.5 14% 0.4 48% 2.4 3% 1.8 2% 0.7 5% -1.5 -1.6 -1.3 -1.3 -0.2 -0.3 Latvia 5.2 0% 3.7 2% 1.5 -4% 6.3 -2% 5.0 -3% 1.3 2% -1.1 -1.2 -1.3 -1.5 0.2 0.3 11.0 -4% 7.0 7% 4.0 -18% 12.6 2% 8.3 3% 4.3 1% -1.5 -0.9 -1.3 -1.5 -0.3 0.7 7.7 9% 6.5 13% 1.2 -10% 10.6 9% 7.7 -5% 2.9 80% -2.9 -2.6 -1.2 -2.4 -1.7 -0.3 44.2 7% 35.9 8% 8.3 3% 41.3 6% 31.6 8% 9.7 -2% 2.9 2.4 4.3 4.2 -1.4 -1.8 1.2 16% 0.5 -2% 0.7 33% 2.8 37% 1.8 33% 1.1 44% -1.6 -1.0 -1.3 -0.8 -0.4 -0.2 255.6 2% 192.8 1% 62.7 5% 226.7 3% 102.6 0% 124.1 5% 28.8 30.7 90.3 89.1 -61.4 -58.4 Austria 67.3 1% 47.2 1% 20.1 2% 68.6 0% 52.4 0% 16.2 0% -1.3 -2.2 -5.2 -5.7 3.9 3.5 Poland 87.8 8% 69.7 12% 18.1 -4% 83.5 2% 58.4 3% 25.1 -1% 4.3 -0.9 11.3 5.7 -7.1 -6.6 Portugal 25.2 6% 18.4 7% 6.8 2% 30.1 4% 22.9 6% 7.1 -2% -4.8 -5.0 -4.5 -4.4 -0.3 -0.6 Romania 27.0 6% 19.9 9% 7.2 -1% 30.3 7% 23.3 8% 7.0 2% -3.3 -2.8 -3.4 -3.2 0.1 0.4 Slovenia 14.3 7% 10.9 9% 3.4 1% 13.3 5% 9.3 7% 4.0 3% 1.0 0.8 1.7 1.3 -0.7 -0.6 Slovakia 33.6 3% 28.6 4% 5.0 -5% 31.9 4% 25.1 8% 6.8 -9% 1.6 2.0 3.5 4.2 -1.8 -2.2 Finland 27.1 -3% 15.9 -2% 11.2 -3% 26.4 -9% 19.1 -2% 7.3 -22% 0.7 -1.1 -3.3 -3.4 3.9 2.3 63.6 1% 37.2 1% 26.4 2% 60.9 0% 42.0 0% 18.9 -1% 2.7 1.6 -4.9 -5.3 7.5 6.9 205.5 10% 92.1 0% 113.4 19% 280.3 12% 149.7 12% 130.7 13% -74.9 -62.4 -57.6 -41.6 -17.3 -20.9 Croatia Italy Lithuania Luxembourg Hungary Malta Netherlands Sweden United Kingdom 1. 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, the Czech Republic, 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. 2. 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. 3. This News Release is based on data available on 11 August 2015. 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. More information regarding international trade in goods statistics can be found in a Statistics Explained article on the Eurostat website: http://ec.europa.eu/eurostat/statistics-explained/index.php/International_trade_statistics_-_background 4. Products are classified according to the Standard international trade classification (SITC), Revision 4. Further details can be found in a Statistics Explained article on the Eurostat website: http://ec.europa.eu/eurostat/statistics-explained/index.php/Glossary:Standard_international_trade_classification_(SITC) Issued by: Eurostat Press Office For further information on data: Vincent BOURGEAIS Tel: +352-4301-33 444 eurostat-pressoffice@ec.europa.eu Gilberto GAMBINI Tel: +352-4301-35 806 estat-etfree@ec.europa.eu Media requests: Eurostat media support / Tel: +352-4301-33 408 / eurostat-mediasupport@ec.europa.eu ec.europa.eu/eurostat/ @EU_Eurostat Annex - Seasonally adjusted data In June 2015 compared with May 2015, euro area seasonally adjusted exports increased by 1.4%, while imports increased by 1.2%. The seasonally adjusted balance was +€21.9 bn, an increase compared with May (+€21.3 bn). bn € EA19 trade - seasonally adjusted data Flows Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Extra-EA19 exports 161.1 Extra-EA19 imports 147.6 Extra-EA19 trade balance 13.4 2 Intra-EA19 trade 137.8 159.3 144.2 15.0 138.0 165.7 147.6 18.1 138.2 165.9 146.3 19.5 138.4 166.7 165.7 146.1 143.2 20.7 22.5 139.0 136.5 163.9 143.0 20.9 136.5 168.6 147.4 21.2 138.3 171.4 153.7 17.7 139.7 173.4 151.8 21.6 140.1 170.8 149.5 21.3 141.5 173.1 151.3 21.9 143.0 In June 2015 compared with May 2015, EU28 seasonally adjusted exports rose by 0.5%, while imports rose by 0.6%. The seasonally adjusted balance was +€7.3 bn, nearly stable compared with May. bn € EU28 trade - seasonally adjusted data Flows Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Extra-EU28 exports 140.1 Extra-EU28 imports 144.2 Extra-EU28 trade balance -4.1 2 Intra-EU28 trade 246.6 137.8 140.4 -2.6 244.0 145.9 143.0 2.9 246.6 145.0 140.8 4.2 247.7 146.9 144.4 139.3 138.6 7.6 5.8 249.6 245.8 142.2 138.8 3.4 246.4 145.8 144.0 1.8 251.0 156.2 149.3 6.9 253.5 Contribution of EU28 Member States to extra-EU28 trade - seasonally adjusted data EU28 Belgium Bulgaria Czech Republic Denmark Germany Estonia Ireland Greece Spain France Croatia Italy Cyprus Latvia Lithuania Luxembourg Hungary Malta Netherlands Austria Poland Portugal Romania Slovenia Slovakia Finland Sweden United Kingdom Total exports Growth May 15 Jun 15 151.4 152.2 0.5% 8.8 8.7 -1.0% 0.7 0.7 -1.6% 2.0 2.0 -1.5% 2.7 2.7 1.3% 42.6 43.1 1.4% 0.2 0.2 12.1% 3.9 3.9 0.9% 1.2 0.9 -24.4% 7.5 7.5 -0.4% 15.9 16.8 6.2% 0.3 0.3 -1.7% 15.5 15.5 -0.2% 0.1 0.1 -51.7% 0.3 0.3 -8.4% 0.8 0.7 -9.9% 0.2 0.2 1.7% 1.3 1.4 4.3% 0.1 0.1 -5.3% 10.4 10.9 4.7% 3.4 3.4 1.5% 3.2 2.9 -8.5% 1.2 1.2 6.5% 1.3 1.2 -4.2% 0.6 0.6 -2.4% 0.9 0.8 -1.9% 1.8 1.9 9.2% 4.3 4.5 5.1% 20.4 19.5 -4.5% Total imports Growth May 15 Jun 15 144.1 145.0 0.6% 10.5 10.8 2.5% 0.8 0.8 0.8% 2.2 2.3 4.6% 2.0 2.1 3.4% 26.5 27.8 4.7% 0.2 0.2 30.7% 1.6 1.6 -0.2% 1.7 1.5 -14.8% 9.4 9.2 -1.6% 13.5 14.0 3.9% 0.3 0.3 -6.2% 13.2 13.3 1.3% 0.1 0.1 -22.3% 0.2 0.2 -2.4% 0.8 0.8 -3.4% 0.4 0.5 21.2% 1.6 1.5 -5.7% 0.2 0.2 13.9% 21.3 20.6 -3.1% 2.5 2.6 6.4% 4.1 4.3 3.0% 1.3 1.2 -13.4% 1.2 1.2 1.3% 0.7 0.7 1.6% 1.1 1.2 2.6% 1.1 1.2 0.8% 3.1 3.3 5.5% 22.2 21.4 -3.5% 156.0 146.4 9.6 253.6 151.4 144.1 7.3 255.5 152.2 145.0 7.3 258.3 bn € Trade balance May 15 Jun 15 7.3 7.3 -1.8 -2.1 -0.1 -0.1 -0.2 -0.3 0.7 0.6 16.0 15.3 0.1 0.0 2.3 2.3 -0.5 -0.6 -1.9 -1.8 2.4 2.8 0.0 0.0 2.3 2.1 0.0 -0.1 0.1 0.0 0.0 -0.1 -0.2 -0.3 -0.3 -0.1 -0.1 -0.1 -10.9 -9.7 0.9 0.8 -0.9 -1.3 -0.2 0.1 0.0 0.0 -0.1 -0.1 -0.3 -0.3 0.6 0.8 1.2 1.2 -1.8 -1.9 01-04 04-04 07-04 10-04 01-05 04-05 07-05 10-05 01-06 04-06 07-06 10-06 01-07 04-07 07-07 10-07 01-08 04-08 07-08 10-08 01-09 04-09 07-09 10-09 01-10 04-10 07-10 10-10 01-11 04-11 07-11 10-11 01-12 04-12 07-12 10-12 01-13 04-13 07-13 10-13 01-14 04-14 07-14 10-14 01-15 04-15 International trade in goods balance, seasonally adjusted, € bn 30 20 Euro area EU28 10 0 -10 -20 -30 -40