Europe's Trade Deficit Widens

The first estimate for the euro area (EA16) trade balance with the rest of the world in August 2010 gave a 4.3 bn euro deficit, compared with -2.8 bn in August 2009. The July 20102 balance was +6.2 bn, compared with +11.9 bn in July 2009. 


In August 2010 compared with July 2010, seasonally adjusted exports rose by 1.0% and imports by 1.8%.


The first estimate for the August 2010 extra-EU271 trade balance was a 17.3 bn euro deficit, compared with -12.4 bn in August 2009. In July 20102 the balance was -6.2 bn, compared with +0.5 bn in July 2009. In August 2010 compared with July 2010, seasonally adjusted exports fell by 0.1%, while imports rose by 1.3%.


Source: Eurostat