Euro area books 5.2 billion euro trade surplus

JAKARTA: Eurostat, the statistical office of the European Union, today released the first estimate for the euro area16 (EA16) trade balance with the rest of the world in October 2010 gave a 5.2 billion euro surplus, compared with 4.8 billion euro in
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News Editor - Bisnis.com 17 Desember 2010  |  11:58 WIB

JAKARTA: Eurostat, the statistical office of the European Union, today released the first estimate for the euro area16 (EA16) trade balance with the rest of the world in October 2010 gave a 5.2 billion euro surplus, compared with 4.8 billion euro in October 2009.The September 2010 balance was 2.6 billion euro, compared with 1.4 billion euro in September 2009.Meanwhile, in October 2010 compared with September 2010, seasonally adjusted exports fell by 0.1%, and imports by 1.3%, citing the press release posted in Eurostat.Furthermore, the first estimate for the October 2010 extra-EU27 trade balance was a 7.4 billion euro deficit, compared with 6.4 billon in October 2009.In September 20102 the balance was 11.8 billion, compared with 10.5 billion in September 2009.Seasonally adjusted exports rose by 0.1%, while imports fell by 3.0% in October 2010 compared with September 2010.The euro area (EA16) includes Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.Whereas for EU27 consist of 16 members of EA16 combined with Bulgaria, the Czech Republic, Denmark, Estonia, Latvia, Lithuania, Luxembourg, Hungary, Poland, Romania, Ireland and the United Kingdom.EU27 trade with all its major partners grew in January-September 2010 compared with January-September 2009. The most notable increases were recorded for exports to Brazil (+53%), China (+39%) and Turkey (+36%), and for imports from Russia (+37%), China (+30%) and India (+28%).Concerning the total trade of Member States, the largest surplus was observed in Germany (+113.5 billion euro in January-September 2010), followed by Ireland (+31.8 billion euro), the Netherlands (+30.6 billioneuro) and Belgium (+14.1 billion). The United Kingdom (-84.8 billion euro) registered the largest deficit, followed by France (-46.3 billion euro), Spain (-39.0 billion euro), Italy (-19.2 billion euro), Greece (-17.7 billion euro) and Portugal (-14.6 billion euro). (T03/NOM)

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