Euro-zone 2005 trade books a surplus of 23.4bn Euro
22 Feb '06
2 min read
EUROSTAT releases the first estimate for 2005. It stated that the first estimate for the euro-zone1 trade balance with the rest of the world in December 2005 gave a 0.9 bn euro deficit against a 5.5 bn euro excess in December 2004. The November 20052 balance was -0.9 bn, compared with +2.6 bn in November 2004.
In December 2005 compared with November 2005, exports, seasonally adjusted, increased by 0.5 percent and imports by 3.5 percent.
The first estimate for December 2005 extra-EU253 trade was a 9.7 bn euro deficit, compared with -0.7 bn in December 2004. In November 20052, the balance was -14.1 bn, compared with -8.5 bn in November 2004.
In December 2005 compared with November 2005, exports, seasonally adjusted, increased by 0.8 percent and imports by 4.0 percent.
During 2005, euro-zone trade recorded a surplus of 23.4 bn euro, compared with +71.5 bn in 2004. The EU25 recorded a deficit of 106.4 bn in 2005, compared with -62.9 bn in 2004.
EU25 January-November 2005 detailed results The energy deficit grew strongly (-198.9 bn euro in January-November 2005 compared with -134.2 bn in January-November 2004), while the surplus for machinery and vehicles rose (+92.7 bn compared with +72.8 bn). The surplus in the chemicals sector also increased (+64.0 bn compared with +58.9 bn).
Except for imports from Japan which fell (-2 percent in January-November 2005 compared with January-November 2004), EU25 trade flows with its major partners grew.
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