10/2019 - 15 January 2019

November 2018

Euro area international trade in goods surplus €19.0 bn

€3.2 bn deficit for EU28

Euro area

The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2018 was €203.0 billion, an increase of 1.9% compared with November 2017 (€199.2 bn). Imports from the rest of the world stood at €184.0 bn, a rise of 4.7% compared with November 2017 (€175.7 bn). As a result, the euro area recorded a €19.0 bn surplus in trade in goods with the rest of the world in November 2018, compared with +€23.4 bn in November 2017. Intra-euro area trade rose to €170.5 bn in November 2018, up by 1.5% compared with November 2017.

International trade in goods of the euro area, € bn

220

200

180

160

140

120

100

80

11-08

02-09

05-09

08-09

11-09

02-10

05-10

08-10

11-10

02-11

05-11

08-11

11-11

02-12

05-12

08-12

11-12

02-13

05-13

08-13

11-13

02-14

05-14

08-14

11-14

02-15

05-15

08-15

11-15

02-16

05-16

08-16

11-16

02-17

05-17

08-17

11-17

02-18

05-18

08-18

11-18

In January to November 2018, euro area exports of goods to the rest of the world rose to €2 098.4 bn (an increase of 4.2% compared with January-November 2017), while imports rose to €1 923.2 bn (an increase of 6.6%

compared with January-November 2017). As a result the euro area recorded a surplus of €175.2 bn, compared with +€210.4 bn in January-November 2017. Intra-euro area trade rose to €1 797.3 bn in January-November 2018, up by 5.7% compared with January-November 2017.

EA19 trade - non seasonally adjusted data

bn €

Flows

Nov 17

Nov 18

Growth

Jan-Nov 17

Jan-Nov 18

Growth

Extra-EA19 exports

199.2

203.0

1.9%

2 014.5

2 098.4

4.2%

Extra-EA19 imports

175.7

184.0

4.7%

1 804.1

1 923.2

6.6%

Extra-EA19 trade balance

23.4

19.0

210.4

175.2

Intra-EA19 trade

167.9

170.5

1.5%

1 700.6

1 797.3

5.7%

The source dataset is availablehere.

European Union

The first estimate for extra-EU28 exports of goods in November 2018 was €172.7 billion, up by 2.6% compared with November 2017 (€168.4 bn). Imports from the rest of the world stood at €175.9 bn, up by 7.6% compared with November 2017 (€163.4 bn). As a result, the EU28 recorded a €3.2 bn deficit in trade in goods with the rest of the world in November 2018, compared with a surplus of €4.9 bn in November 2017. Intra-EU28 trade rose to €313.1 bn in November 2018, +2.5% compared with November 2017.

International trade in goods of the EU28, € bn

180

160

140

120

100

80

60

11-08

02-09

05-09

08-09

11-09

02-10

05-10

08-10

11-10

02-11

05-11

08-11

11-11

02-12

05-12

08-12

11-12

02-13

05-13

08-13

11-13

02-14

05-14

08-14

11-14

02-15

05-15

08-15

11-15

02-16

05-16

08-16

11-16

02-17

05-17

08-17

11-17

02-18

05-18

08-18

11-18

In January to November 2018, extra-EU28 exports of goods rose to €1 800.0 bn (an increase of 4.7% compared with January-November 2017), while imports rose to €1 825.3 bn (an increase of 6.7% compared with January-

November 2017). As a result, the EU28 recorded a deficit of €25.2 bn, compared with a surplus of €9.0 bn in January-November 2017. Intra-EU28 trade rose to €3 256.2 bn in January-November 2018, +5.3% compared with January-November 2017.

Flows

Nov 17

Nov 18

Growth

Jan-Nov 17

Jan-Nov 18

Growth

Extra-EU28 exports

168.4

172.7

2.6%

1 719.0

1 800.0

4.7%

Extra-EU28 imports

163.4

175.9

7.6%

1 710.0

1 825.3

6.7%

Extra-EU28 trade balance

4.9

-3.2

9.0

-25.2

Intra-EU28 trade

305.6

313.1

2.5%

3 093.4

3 256.2

5.3%

Extra-EU28 exports

Extra-EU28 imports

Trade balance

Jan-Nov 17

Jan-Nov 18

Growth

Jan-Nov 17

Jan-Nov 18

Growth

Jan-Nov 17

Jan-Nov 18

Total

1 719.0

1 800.0

4.7%

1 710.0

1 825.3

6.7%

9.0

-25.2

Primary goods:

247.8

264.9

6.9%

478.8

558.3

16.6%

-231.0

-293.5

Food & drink

111.7

111.9

0.2%

103.3

103.4

0.1%

8.4

8.5

Raw materials

45.5

46.9

3.1%

72.5

75.1

3.6%

-27.0

-28.2

Energy

90.6

106.0

17.0%

303.0

379.8

25.3%

-212.4

-273.8

Manufactured goods:

1 419.6

1 473.8

3.8%

1 172.4

1 216.3

3.7%

247.2

257.4

Chemicals

306.1

329.9

7.8%

182.0

188.5

3.6%

124.1

141.5

Machinery & vehicles

724.0

739.2

2.1%

547.6

568.6

3.8%

176.4

170.6

Other manuf'd goods

389.5

404.6

3.9%

442.8

459.3

3.7%

-53.3

-54.6

Other

51.6

61.4

19.0%

58.7

50.6

-13.8%

-7.2

10.8

EU28 exports to

EU28 imports from

Trade balance

Jan-Nov 17

Jan-Nov 18

Growth

Jan-Nov 17

Jan-Nov 18

Growth

Jan-Nov 17

Jan-Nov 18

United States

345.0

374.4

8.5%

237.5

245.4

3.3%

107.4

129.0

China

180.4

193.5

7.3%

345.3

363.4

5.2%

-164.9

-169.9

Switzerland

138.4

146.1

5.6%

102.8

101.0

-1.8%

35.5

45.2

Russia

79.7

79.1

-0.8%

132.3

154.7

16.9%

-52.6

-75.6

Turkey

77.4

72.2

-6.7%

64.3

70.3

9.3%

13.1

2.0

Norway

46.7

50.1

7.3%

66.9

77.0

15.1%

-20.2

-26.9

Japan

55.7

59.3

6.5%

63.9

65.2

2.0%

-8.2

-5.9

South Korea

46.0

45.5

-1.1%

47.9

47.4

-1.0%

-2.0

-1.8

India

37.3

41.1

10.2%

41.0

42.9

4.6%

-3.6

-1.8

Canada

34.8

38.4

10.3%

28.8

28.4

-1.4%

6.0

9.9

EU28 trade - non seasonally adjusted data

bn €

The source dataset is availablehere.

Main products - EU28

bn

The source dataset is availablehere.

Main trading partners - EU28

bn

The source dataset is availablehere.

Member States' total trade (intra-EU + extra-EU)

bn €

Total exports

Total imports

Trade balance

Total

Intra-EU

Extra-EU

Total

Intra-EU

Extra-EU

Total

Intra-EU

Extra-EU

Jan-Nov 18

Growth / Jan-Nov 17

Jan-Nov 18

Growth / Jan-Nov 17

Jan-Nov 18

Growth / Jan-Nov 17

Jan-Nov 18

Growth / Jan-Nov 17

Jan-Nov 18

Growth / Jan-Nov 17

Jan-Nov 18

Growth / Jan-Nov 17

Jan-Nov 18

Jan-Nov 17

Jan-Nov 18

Jan-Nov 17

Jan-Nov 18

Jan-Nov 17

Belgium

364.2

3.6%

265.3

4.6%

98.8

1.2%

349.6

5.0%

224.4

4.9%

125.2

5.2%

14.5

18.4

40.9

39.7

-26.4

-21.3

Bulgaria

26.0

1.5%

17.9

9.4%

8.1

-12.7%

29.6

7.8%

18.9

6.8%

10.8

9.6%

-3.6

-1.9

-0.9

-1.3

-2.7

-0.6

Czechia

158.9

6.5%

133.8

6.8%

25.0

4.8%

144.0

8.1%

109.9

5.7%

34.1

16.7%

14.9

15.9

24.0

21.3

-9.1

-5.4

Denmark

85.4

1.7%

52.0

-0.1%

33.4

4.6%

80.1

5.7%

55.9

5.7%

24.2

5.7%

5.3

8.1

-3.9

-0.9

9.1

9.0

Germany

1 224.9

3.7%

723.4

4.5%

501.5

2.5%

1 006.4

6.2%

666.8

6.3%

339.6

6.1%

218.5

233.6

56.7

64.7

161.9

168.9

Estonia

13.3

12.6%

9.1

6.6%

4.3

28.1%

15.0

11.1%

11.5

5.6%

3.5

34.5%

-1.7

-1.7

-2.5

-2.4

0.8

0.7

Ireland

127.5

14.0%

64.0

12.6%

63.5

15.4%

81.7

13.8%

52.7

13.0%

28.9

15.3%

45.8

40.1

11.2

10.2

34.6

30.0

Greece

30.9

17.7%

16.3

14.9%

14.6

20.9%

51.0

10.9%

26.2

9.8%

24.8

12.0%

-20.2

-19.8

-9.9

-9.7

-10.2

-10.1

Spain

269.7

3.6%

178.8

3.6%

91.0

3.6%

302.3

5.8%

176.3

4.1%

126.0

8.3%

-32.6

-25.4

2.4

3.2

-35.0

-28.6

France

451.9

4.3%

268.4

4.4%

183.5

4.3%

525.8

3.0%

364.2

2.0%

161.7

5.3%

-73.9

-77.3

-95.8

-99.8

21.9

22.5

Croatia

13.6

4.2%

9.2

10.0%

4.4

-6.2%

22.0

8.4%

17.0

7.4%

5.0

11.8%

-8.4

-7.3

-7.8

-7.5

-0.7

0.2

Italy

427.0

3.5%

242.0

4.4%

185.0

2.4%

390.9

5.7%

230.1

3.7%

160.8

8.7%

36.1

42.6

11.9

9.8

24.3

32.8

Cyprus

4.0

50.1%

1.1

9.3%

2.9

75.6%

8.2

10.8%

4.8

7.1%

3.4

16.4%

-4.2

-4.8

-3.7

-3.5

-0.5

-1.3

Latvia

12.2

7.4%

8.2

8.5%

4.0

5.3%

15.0

10.3%

11.2

5.1%

3.8

29.6%

-2.9

-2.3

-3.1

-3.2

0.2

0.9

Lithuania

26.1

8.3%

15.4

8.4%

10.7

8.2%

28.6

9.6%

19.4

5.2%

9.2

20.4%

-2.6

-2.0

-4.1

-4.3

1.5

2.3

Luxembourg

12.5

-3.3%

10.5

-3.3%

2.0

-3.4%

18.5

-0.3%

16.3

5.7%

2.2

-30.2%

-6.0

-5.6

-5.8

-4.5

-0.2

-1.1

Hungary

98.6

5.8%

80.7

6.4%

17.9

3.3%

94.9

7.8%

71.0

5.9%

24.0

14.0%

3.7

5.2

9.8

8.9

-6.1

-3.7

Malta

2.3

15.6%

1.4

26.6%

0.9

2.5%

5.0

4.9%

3.6

23.2%

1.4

-24.3%

-2.7

-2.8

-2.2

-1.8

-0.5

-0.9

Netherlands

562.8

6.4%

420.2

5.5%

142.5

9.1%

502.4

8.0%

230.4

7.8%

271.9

8.2%

60.4

64.1

189.8

184.8

-129.4

-120.7

Austria

144.9

5.3%

103.7

5.5%

41.2

4.7%

151.3

5.4%

117.2

5.6%

34.1

4.6%

-6.4

-5.9

-13.5

-12.7

7.1

6.8

Poland

203.9

6.5%

163.9

6.9%

40.0

4.8%

207.0

9.2%

144.0

5.7%

63.0

17.9%

-3.1

1.9

19.9

17.2

-23.0

-15.3

Portugal

53.5

4.9%

40.7

7.5%

12.8

-2.7%

69.0

7.9%

52.1

6.8%

16.9

11.2%

-15.5

-13.0

-11.4

-10.9

-4.1

-2.0

Romania

62.9

8.1%

48.6

10.0%

14.3

2.4%

76.5

10.2%

57.2

8.5%

19.3

15.3%

-13.7

-11.3

-8.7

-8.6

-5.0

-2.8

Slovenia

34.6

10.6%

26.5

11.4%

8.1

8.0%

32.9

12.4%

22.2

8.8%

10.7

20.5%

1.7

2.0

4.3

3.4

-2.6

-1.4

Slovakia

74.0

7.0%

63.5

7.2%

10.5

5.5%

73.6

8.3%

58.9

8.6%

14.7

7.5%

0.4

1.2

4.6

5.0

-4.3

-3.8

Finland

59.4

7.2%

35.2

6.2%

24.2

8.6%

61.0

6.5%

42.6

3.9%

18.4

12.7%

-1.6

-1.9

-7.4

-7.8

5.8

5.9

Sweden

129.9

4.3%

77.5

5.1%

52.4

3.1%

132.5

6.0%

92.6

4.6%

39.8

9.6%

-2.6

-0.4

-15.1

-14.8

12.5

14.4

UnitedKingdom

381.5

6.5%

178.9

4.1%

202.6

8.7%

525.6

0.1%

277.9

1.9%

247.7

-2.0%

-144.1

-167.1

-99.0

-100.8

-45.1

-66.3

The source dataset is availablehere.

Geographical information

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

Methods and definitions

Since the introduction of Intrastat for intra-EU trade on 1 January 1993, the value of dispatches has been consistently higher than that of arrivals. In theory, as dispatches are declared FOB and arrivals CIF, the value of arrivals should be slightly higher than that of dispatches. Eurostat uses dispatches as the more reliable measure of total intra-EU trade as, at aggregated levels, total dispatches has better coverage than total arrivals. Due to this divergence in intra-EU trade, and to the difficulties of interpreting figures in absolute terms at the level of individual Member States, trade balances for individual Member States must be interpreted with caution. The same caution applies to the trade balance of the euro area, which includes some intra-EU trade.

National concepts may differ from the harmonised methodology used by Eurostat, leading to differences between figures in this release and those published nationally, both for raw data and for seasonally adjusted series.

Products are classified according to theStandard international trade classification (SITC), Revision 4.

Revisions and timetable

This News Release is based on data available on 11 January 2019. These are provisional figures based on information provided by Member States. They are subject to frequent revision for up to two years after the month in question.

For more information

Eurostatwebsite section on international trade in goods Eurostatdatabase section on international trade in goods

EurostatStatistics Explained article on international trade in goods statistics Eurostat €-indicatorsrelease calendar

Issued by: Eurostat Press Office

For further information on data:

Baiba GRANDOVSKA

Michele MAROTTA

Tel: +352-4301-33 444

Tel: +352-4301-32 493

eurostat-pressoffice@ec.europa.eu

estat-etfree@ec.europa.eu

EurostatStatistics

ec.europa.eu/eurostat/

@EU_EurostatMedia requests: Eurostat media support / Tel: +352-4301-33 408 /eurostat-mediasupport@ec.europa.eu

Annex - Seasonally adjusted data

In November 2018 compared with October 2018, euro area seasonally adjusted exports decreased by 1.0%, while imports decreased by 1.9%. The seasonally adjusted balance was +€15.1 bn, an increase compared with October (+€13.5 bn).

EA19 trade - seasonally adjusted data

bn €

Flows

Dec 17

Jan 18

Feb 18

Mar 18

Apr 17

May 17

Jun 17

Jul 18

Aug 18

Sep 18

Oct 18

Nov 18

Extra-EA19 exports

192.2

190.0

184.2

186.8

187.4

187.7

190.9

189.2

192.7

190.3

194.0

192.1

Extra-EA19 imports

169.6

171.2

166.3

167.5

169.6

171.1

174.4

177.2

176.4

177.4

180.5

177.0

Extra-EA19 trade balance

22.6

18.8

17.9

19.4

17.7

16.5

16.4

12.0

16.3

12.9

13.5

15.1

Intra-EA19 trade

161.2

160.5

158.2

159.6

161.6

160.3

164.2

164.1

163.4

163.0

165.3

162.2

The source dataset is availablehere.

In November 2018 compared with October 2018, EU28 seasonally adjusted exports and imports both fell by 2.0%. The seasonally adjusted balance was -€5.7 bn, a slight improvement compared with October (-€5.9 bn).

EU28 trade - seasonally adjusted data

bn €

Flows

Dec 17

Jan 18

Feb 18

Mar 18

Apr 17

May 17

Jun 17

Jul 18

Aug 18

Sep 18

Oct 18

Nov 18

Extra-EU28 exports

164.3

162.6

156.3

161.7

158.8

158.8

165.2

163.9

167.0

166.8

167.6

164.3

Extra-EU28 imports

159.7

164.7

155.7

157.1

159.7

159.6

164.6

169.1

169.2

167.6

173.5

170.1

Extra-EU28 trade balance

4.6

-2.2

0.6

4.6

-0.9

-0.8

0.6

-5.2

-2.2

-0.7

-5.9

-5.7

Intra-EU28 trade

293.4

292.0

286.7

286.9

291.8

291.6

296.5

294.8

296.2

294.1

298.7

294.6

The source dataset is availablehere.

Contribution of EU28 Member States to extra-EU28 trade - seasonally adjusted data

bn €

Total exports

Total imports

Trade balance

Oct 18

Nov 18

Growth

Oct 18

Nov 18

Growth

Oct 18

Nov 18

EU28

167.6

164.3

-2.0%

173.5

170.1

-2.0%

-5.9

-5.7

Belgium

8.9

8.7

-2.8%

11.5

11.7

2.3%

-2.5

-3.0

Bulgaria

0.9

0.8

-12.5%

1.2

1.0

-14.7%

-0.3

-0.2

Czechia

2.2

2.3

4.2%

3.5

3.4

-3.7%

-1.3

-1.0

Denmark

3.2

3.2

-0.8%

2.1

2.2

6.1%

1.1

1.0

Germany

45.4

45.8

0.8%

31.9

30.9

-2.9%

13.5

14.9

Estonia

0.4

0.4

4.9%

0.4

0.3

-6.8%

0.1

0.1

Ireland

5.8

6.0

4.1%

3.1

2.6

-15.5%

2.7

3.4

Greece

1.4

1.3

-5.4%

2.1

2.2

4.6%

-0.8

-0.9

Spain

8.4

8.5

0.5%

12.3

11.6

-5.1%

-3.8

-3.2

France

18.1

17.0

-6.1%

15.2

14.6

-3.5%

2.9

2.3

Croatia

0.4

0.4

-1.8%

0.5

0.5

-8.0%

-0.1

-0.1

Italy

17.8

17.4

-2.6%

15.5

15.2

-2.2%

2.3

2.2

Cyprus

0.1

0.1

-26.5%

0.3

0.5

71.7%

-0.1

-0.4

Latvia

0.4

0.3

-6.3%

0.4

0.3

-17.6%

0.0

0.0

Lithuania

1.0

1.0

2.2%

1.0

0.8

-14.2%

0.0

0.2

Luxembourg

0.2

0.2

-3.5%

0.2

0.1

-10.1%

0.0

0.0

Hungary

1.7

1.6

-2.5%

2.3

2.2

-3.1%

-0.6

-0.6

Malta

0.1

0.1

-2.6%

0.2

0.1

-13.7%

-0.1

0.0

Netherlands

13.5

13.2

-2.4%

26.0

25.1

-3.5%

-12.5

-11.9

Austria

3.9

3.9

-2.2%

3.1

3.2

1.9%

0.8

0.7

Poland

3.7

3.7

0.2%

6.3

6.1

-2.8%

-2.6

-2.4

Portugal

1.1

1.1

2.9%

1.4

1.6

13.5%

-0.3

-0.5

Romania

1.3

1.2

-6.5%

2.0

1.8

-9.1%

-0.6

-0.5

Slovenia

0.8

0.8

3.7%

1.1

1.1

-4.3%

-0.3

-0.3

Slovakia

1.0

1.0

8.3%

1.4

1.4

-1.4%

-0.4

-0.3

Finland

2.3

2.3

-0.7%

1.6

1.7

9.9%

0.7

0.5

Sweden

4.9

5.1

3.5%

4.1

3.6

-11.9%

0.8

1.5

United Kingdom

18.9

17.2

-9.2%

23.2

24.2

4.1%

-4.3

-7.0

The source dataset is availablehere.

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EUROSTAT - European Union Statistical Office published this content on 15 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 January 2019 11:08:02 UTC