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Wednesday, 01 December 2010

Africa accounts for 9% of EU27 trade

After six years of steady growth, the EU27 trade in goods with Africa dropped in 2009, with exports falling by 10% and imports by one third, compared with 2008. As a result, the EU27 deficit in trade with Africa, which reached a peak of 40 billion euro in 2008, turned into a small surplus of 1 bn in 2009. The first nine months of 2010 showed a renewed growth in EU27 trade with Africa. Exports rose from 79 bn in the first nine months of 2009 to 90 bn in the same period of 2010, and imports from 79 bn to 96 bn. As a result, the EU27 trade balance with Africa moved from in balance in the first nine months of 2009 to a deficit of 6 bn in the same period of 2010. In the first nine months of 2010, Africa accounted for 9% of the EU27's total trade in goods. On the occasion of the third EU-Africa Summit, which takes place on 29 and 30 November 2010 in Tripoli in Libya, Eurostat, the statistical office of the European Union, issues data on trade in goods between the 27 Member States of the EU and 53 African countries.

Soure: EU-Africa Partnership

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