16 Feb 2015
Eurozone trade balance hits record highs in December
FXStreet (London) - Data released this morning showed that the Eurozone trade surplus surged to a record high in December, according to data released by Eurostat, the statistical office of the European Union.
The first estimate for the Eurozone trade in goods balance with the rest of the world in December 2014 gave a EUR24.3 billion surplus, compared with +EUR13.6bn in December 2013. The November 20142 balance was +EUR21.2bn, compared with +EUR16.5bn in November 2013. In December 2014 compared with November 2014, seasonally adjusted exports fell by 1.1 percent and imports by 2.4 percent.
The first estimate for the December 2014 extra-EU28 trade balance was a EUR12.4bn surplus, compared with +EUR8.1bn in December 2013. In November 20142 the balance was +EUR10.5bn, compared with +EUR2.5bn in November 2013. In December 2014 compared with November 2014, seasonally adjusted exports fell by 1.8 percent and imports by 1.3 percent. During 2014, Eurozone trade in goods recorded a surplus of EUR194.8bn, compared with +EUR152.3bn in 2013. The EU28 recorded a surplus of EUR24.2bn in 2014, compared with +EUR51.8bn in 2013.
The 28-member Eurozone trade surplus increased with the USA (+EUR96.4bn in January-November 2014 compared with +EUR85.9bn in January-November 2013), but decreased with Switzerland (+EUR39.4bn compared with +EUR70.4bn) and Turkey (+EUR18.5bn compared with +EUR25.2bn). The EU trade deficit increased with China (-EUR126.2bn compared with -EUR121.7bn), but fell with Russia (-EUR73.4bn compared with -EUR78.4bn) and Norway (-EUR30.8bn compared with -EUR36.8bn).
The first estimate for the Eurozone trade in goods balance with the rest of the world in December 2014 gave a EUR24.3 billion surplus, compared with +EUR13.6bn in December 2013. The November 20142 balance was +EUR21.2bn, compared with +EUR16.5bn in November 2013. In December 2014 compared with November 2014, seasonally adjusted exports fell by 1.1 percent and imports by 2.4 percent.
The first estimate for the December 2014 extra-EU28 trade balance was a EUR12.4bn surplus, compared with +EUR8.1bn in December 2013. In November 20142 the balance was +EUR10.5bn, compared with +EUR2.5bn in November 2013. In December 2014 compared with November 2014, seasonally adjusted exports fell by 1.8 percent and imports by 1.3 percent. During 2014, Eurozone trade in goods recorded a surplus of EUR194.8bn, compared with +EUR152.3bn in 2013. The EU28 recorded a surplus of EUR24.2bn in 2014, compared with +EUR51.8bn in 2013.
The 28-member Eurozone trade surplus increased with the USA (+EUR96.4bn in January-November 2014 compared with +EUR85.9bn in January-November 2013), but decreased with Switzerland (+EUR39.4bn compared with +EUR70.4bn) and Turkey (+EUR18.5bn compared with +EUR25.2bn). The EU trade deficit increased with China (-EUR126.2bn compared with -EUR121.7bn), but fell with Russia (-EUR73.4bn compared with -EUR78.4bn) and Norway (-EUR30.8bn compared with -EUR36.8bn).