The first estimate for euro area (EA19) exports of goods to the rest of the world in December 2019 was €186.1 billion, an increase of 4.8% compared with December 2018 (€177.5 bn).
Members of the EU-Japan Follow-up Committee of the European Economic and Social Committee (EESC) visited Japan recently (27-31 January) to discuss the implementation of the Economic Partnership Agreement (EPA) – in place since February 2019 – and to strengthen cooperation with Japanese counterparts. The visit included a roundtable on the circular economy and the first EU-Japan Joint Dialogue with civil society under the EPA, with trade and sustainable development issues on the agenda.
The USA continued to be the main partner for both exports and imports The European Union (EU) surplus in trade in services, which fell between 2013 and 2016, increased to €154.0 bn in 2017, then to €186.3 bn in 2018. This is the result of EU exports of services to the rest of the world rising by 3%, from €933.4 bn in 2017 to €961.0 bn in 2018, while EU imports decreased by 0.6%, from €779.5 bn to €774.7 bn.
At first sight, statistics on international trade in goods seem relatively simple, measuring the amount of goods crossing borders through exports and imports. However, it is not quite as easy as it seems… What is a trade surplus? How are tax free zones or customs warehouses treated? Which goods are covered and which are not? What about goods just going through a country – how are they counted?
The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2019 was €197.7 billion, a decrease of 2.9% compared with November 2018 (€203.7 bn). Imports from the rest of the world stood at €177.0 bn, a fall of 4.6% compared with November 2018 (€185.5 bn). As a result, the euro area recorded a €20.7bn surplus in trade in goods with the rest of the world in November 2019, compared with +€18.2 bn in November 2018. Intra-euro area trade fell to €166.0 bn in November 2019, down by 3.8% compared with November 2018.
Which economy grew faster over the past 15 years – the EU or Indonesia? How many Indonesian women have a job, and what is the unemployment rate? Which country is Indonesia’s biggest trading partner? What kind of products does the EU import from Indonesia? How does Indonesia compare with the global average in terms of human development, income inequality and corruption? You can find the answers to these and other questions in our EPRS publication on Indonesia: economic indicators and trade with EU, one of a series of infographics on the world’s main economies produced in collaboration with the European University Institute’s GlobalStat.
The first estimate for euro area (EA19) exports of goods to the rest of the world in October 2019 was €217.9 billion, an increase of 4.1% compared with October 2018 (€209.3 bn). Imports from the rest of the world stood at €189.9 bn, a fall of 3.2% compared with October 2018 (€196.1 bn). As a result, the euro area recorded a €28 bnsurplus in trade in goods with the rest of the world in October 2019, compared with +€13.2 bn in October 2018.Intra-euro area trade fell to €174.9 bn in October 2019, down by 1.4% compared with October 2018.
September 2019 saw the EU record its largest ever monthly surplus in agri-food trade, coming to a total value of €3.7 billion. The surplus was recorded following a rise in both the monthly export and import values of agri-food products. The EU’s agri-food exports rose to €13.06 billion in September 2019, an increase of 18% compared to the previous year, while the value of imports rose by 6% to €9.32 billion. These are amongst the principle findings of the monthly trade report for September 2019, published by the European Commission.
The EU Member States imported 234 800 violins worth €15.7 million in 2018. The majority of these (82%, or 191 500 violins) came from non-EU Member States. The number of violins imported to the EU Member States was up 27% compared with 2013.
The attached statistics covering the first nine months of 2019 will also be part of the 2019 Annual Report, which will be submitted by the Commission to the European Parliament later this year.
EU demand for cereals and oilseeds remains driven mainly by feed use, although industrial uses will grow more rapidly. These are just a few of the projections for the arable crops market from the European Union agricultural outlook for 2019-30 report published on 10 December 2019 by the European Commission.