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Monday, 16 January 2012

Euro area external trade surplus 6.9 bn euro

According to Eurostat, the first estimate for euro area1 (EA17) trade with the rest of the world in November 2011 gave a 6.9 bn euro surplus, compared with -2.3 bn euro in November 2010. The October 2011 balance was +1.0 bn, compared with +3.1 bn in October 2010. In November 2011 compared with October 2011, seasonally adjusted exports rose by 3.9%, while imports remained stable.
The first estimate for the November 2011 extra-EU271 trade balance was a 7.2 bn euro deficit, compared with -16.8 bn in November 2010. In October 2011 the balance was -11.2 bn, compared with -9.5 bn in October 2010. In November 2011 compared with October 2011, seasonally adjusted exports rose by 2.8%, while imports fell by 0.6%.
Compared with former release  of 16 December 2011, the trade balance for October 2011 has been revised from +1.1 bn euro to +1.0 bn for the EA17 and from -11.0 bn euro to -11.2 bn for the EU27.

Source: Eurostat

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