EU-27 trade with NAFTA in 2007

European Commission Eurostat

Description

External trade
North America
Target audience: Specialised/Technical

Informations

• Publié par: EUROPEAN-COMMISSION-EUROSTAT
• Nombre de lectures: 10
• Langue: English

Extrait

External trade  Author: Gilberto GAMBINI

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EU-27 trade with NAFTA in 2007

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S t a t i s t i c s i n f o c u s 104/2008

Essentially due to a fall in EU exports to ),deratalottfo %38(dedarttdosewertehmsoManufacturedgo  the USA, the EUs trade surplus especially Machinery and decreased for the first time since the vehicles (42% of the total). turn of the century.  f im s from   port2007: continued growth o In 2007, the European Union s (EU-27) trade in NAFTA; decrease in exports goods with North-American Free Trade Agreement (NAFTA) countries registered exports dgist n re bee 3na200ewnebteorxpeEU,0620dst Wihelounuyslcationdnerdahawputdr with a total value of EUR 308.5 billion against ere importsworthEU  R216.4. decreased in 2007, the total value of goods being Although the EU s trade balance remained largely 2% lower compared with the previous year (see positive (EUR 92 billion), a significant decrease of igurF.Ime1)rfstropATFANmorintoucevowhes i7002rcniesaeednuot  c er tion(+5%). 16% was registered between 2006 and 2007. This n was the first decrease since 2000.  Among the three NAFTA countries, the USA Unsurprisingly, the USA remains the main trade remained by far the main EU partner, accounting rentrapei:snurtAocANTFreeethgthamon 612b.7liilwon oog w sd htroRUEtheUSAreexeoptrdeto for 85% of EU exports to, and 84 % of EU imports from, NAFTA countries. ilb.281amconliulavstr1RUEde Tablsee.Ine1) mo t erf AS(ehUSAaheU7 a , n  d t i 2 m 0 p 0 o tn-ccuo Germany and the UK are the main EU partners for the NAFTA countries. ted for more than 80% of the total EU trade with NAFTA countries.  Figure 1: Evolution of EU-27 trade with NAFTA countries between 2000 and 2007 (EUR million)  350 000  300 000  250 000  200 000  150 000   100 000  50 000  0  2000 2001 2002 2003 2004 2005 2006 2007  Balance Imports Exports  2000 2001 2002 2003 2004 2005 2006 2007 Imports 600 205232 662 229 135 205 719 190 631 182 888 180 382 216 527  Exports 263 184 286 321 283273 596 419 314 811 308 251 272 329 293 488 Balance 40 933 53 721 80 296 82 620 89 610 103 284 109 284 92 106

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Source: Eurostat (COMEXT)