The growth of world merchandise trade volumes is likely to remain weak in the third quarter of 2019 according to the WTO’s Goods Trade Barometer, released on 15 August. The latest reading of 95.7 from the barometer, formerly the World Trade Outlook Indicator (WTOI), is lower than the previous release and signals that stronger trade growth is not yet in sight.
Between 2008 and 2018, the EU ran a trade deficit with Russia (meaning that it imported more than it exported). This trade deficit was highest in 2011 at €93 billion and lowest in 2016 at €46 billion. In 2018, the EU’s trade deficit with Russia was €83 billion.
This report presents tables and graphs outlining the state of and recent development in European external trade.
EU agri-food exports continue their strong start to the year, with the month of May breaking records. In total exports grew by €12.8 billion, 13.0% above the same period last year. This was accompanied by an increase in import, which rose to €10.7 billion – 6% above the level of May 2018. As a result, the monthly agri-food trade surplus stood at €2.1 billion up from €1.3 billion in May 2018. These are the main findings of the latest monthly trade report published by the European Commission.
Switzerland was the EU’s 4th largest partner for imports (6% of total extra-EU imports) and the 3rd largest for EU exports (8% of total extra-EU exports) in 2018.
The 2018 preliminary results indicate a general disengagement of direct investment capital circulating between the European Union (EU) and the rest of the world. Foreign Direct Investment (FDI) net outflows from the European Union towards extra-EU were negative at -€60 billion, strongly contrasting with the amount invested in 2017 (€301 billion). The disinvestment from the EU market operated by extra-EU direct investors was even more pronounced with approximately -€205 billion of FDI inflows removed, barely counterbalancing the extra EU FDI inward flows observed in 2017 (€265 billion).
The Study has been requested by the INTA Committee.
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €40.5 billion (1.0% of GDP) in the first quarter of 2019, up from a surplus of €40.2 billion (1.0% of GDP) in the fourth quarter of 2018 and down from a surplus of €58.3 billion (1.5% of GDP) in the first quarter of 2018, according to estimates released by Eurostat, the statistical office of the European Union.
In May 2019 compared with April 2019, the seasonally adjusted volume of retail trade decreased by 0.3% in theeuro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April 2019, the retail trade volume decreased by 0.1% both in the euro area and in the EU28.
In May 2019 compared with May 2018, the calendar adjusted retail sales index increased by 1.3% both in the euro area and in the EU28.
On 28 June 2019, the European Union and Mercosur member countries Argentina, Brazil, Paraguay and Uruguay concluded longstanding negotiations on a landmark trade agreement.
EU DataViz 2019 is an international conference taking place on 12 November 2019 in Luxembourg, organised by the Publications Office of the European Union. It addresses for the first time the specific needs of the community engaged in data visualisation for the public sector in Europe, bringing together experts, practitioners and solution seekers.
Mexico was the EU’s 11th largest partner for exports (2% of total extra-EU imports) and the 15th largest for EU imports (1% of total extra-EU exports) in 2018.