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EUROPEAN REVIEW

ISSUE 25 - Page 9

Stats and Facts

EU trade goes into the red as China, Russia gain on USA

Latest figures from the EU's statistical arm Eurostat show that the bloc's trade account with the rest of the world went into the red in September. A €1.8 billion surplus in August turned into a €0.5 billion deficit due to exports declining faster than imports during that month. However the performance of individual Member States over the year so far has varied markedly: Germany maintained a large surplus of €83.7 billion between January and August while, not for the first time, the UK was bottom of the league with a €26.5 billion deficit. EU trade with external countries also showed wide variation: a large positive balance was sustained with the USA as overall trade decreased while increases in both exports to and imports from China and Russia continued the negative trend with those countries.

EU15 imports from main trading partners Jan - Aug 2003	EU15 exports to main trading partners Jan - Aug 2003

EU15 trade balance with main trading partners - billions of euro

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