| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: Feb 15, 2011 - 4:21 PM

Germany had €140.3bn trade surplus in 2010 followed by Ireland at €40.3bn; United Kingdom had largest deficit at -€105.4bn
By Finfacts Team
Feb 15, 2011 - 3:56 PM

Email this article
 Printer friendly page

EU Trade Balance: Germany had €140.3bn trade surplus in 2010 followed by Ireland at 40.3bn; United Kingdom had largest deficit at -€105.4bn.

Eurostat, the EU statistics office today reported that the first estimate for the  Eurozone (EA16) trade balance with the rest of the world in th month of December 2010 gave a €0.5bn  deficit, compared with +€3.2bn in December 2009. The November 2010 balance was -€1.5bn, compared with +€2.7bn in November 2009. In December 2010 compared with November 2010, seasonally adjusted exports fell by 0.4% and imports by 1.1%.

The first estimate for the December 2010 extra-EU27 trade balance was a €10.5bn  deficit, compared with -€2.9bn in December 2009. In November 2010  the balance was -€15.4bn, compared with -€7.7bn in November 2009. In December 2010 compared with November 2010, seasonally adjusted exports fell by 0.3% and imports by 0.4%.

During 2010,  Eurozone trade recorded a surplus of €0.7bn , compared with +€16.6bn in 2009. The EU27 recorded a deficit of €143.3bn in 2010, compared with -€108.1bn in 2009.

EU27 detailed results for January to November 2010

The EU27 deficit increased for energy (-€267.1bn  in January-November 2010 compared with -€218.4bn in January-November 2009), while the surplus for manufactured goods rose (+€156.7bn compared with +€142.5bn).

EU27 trade with all its major partners grew in January-November 2010 compared with January-November 2009. The most notable increases were recorded for exports to Brazil (+48%), China and Turkey (both +38%), and for imports from Russia (+33%), China (+31%) and India (+30%).

The EU27 trade surplus increased with the US (+€67.0bn  in January-November 2010 compared with +€42.6bn in January-November 2009), Switzerland (+€18.5bn compared with +€13.5bn) and Turkey (+€16.8bn compared with +€6.8bn). The EU27 trade deficit increased with China (-€154.8bn compared with -€121.7bn), Russia (-€61.2bn compared with -€45.9bn) and Norway (-€33.0bn compared with -€28.6bn). The deficit remained nearly stable with Japan (-€19.8bn compared with -€19.4bn) and South Korea (-€10.4bn compared with -€10.3).

Concerning the total trade of member countries, the largest surplus was observed in Germany (+€140.3bn  in January-November 2010), followed by Ireland (+€40.3bn), the Netherlands (+€38.1bn) and Belgium (+€16.5bn). The United Kingdom (-€105.4bn) registered the largest deficit, followed by France (-€57.4bn), Spain (-€46.5bn), Italy (-€24.5bn), Greece (-€21.0bn), Portugal (-€18.1bn) and Poland (-€11.9bn).

Foreign-owned firms, mainly American, are responsible for about 90% of Ireland's tradeable goods and services exports.

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015