Thursday, January 20, 2011

The euro area in November 2010 foreign trade deficit occurred 400 million euros

 Eurostat released preliminary statistics show that the import growth rate was significantly faster than exports, the euro zone there last November foreign trade deficit of 400 million euros.

last October and November 2009, the euro area's external trade were realized surplus of 4.7 billion euros and 3.1 billion euros surplus.

Eurostat data also show that last year in November, the EU-27 trade deficit has expanded to 147 million euros, higher than the previous month's deficit of 7.9 billion euros and 73 November 2009 billion euro deficit.

last November, the euro zone exports amounted to 140.9 billion euros, an increase of 24%, imports amounted to 141.3 billion euros, an increase of 28%.

first 10 months of last year, the EU and trade in all major trading partners are on the rise. An increase in exports to the EU were the fastest growing target market of Brazil, China and Turkey, while imports grew the fastest followed by Russia, China and India. Among them, the EU exports to China jumped 38% year on year, imports from China increased by 31%.

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