Euro Area Trade In Balance

The first estimate from Eurostat for euro area trade with the rest of the world in May 2011 was in balance. There was a deficit of 4.9bn euros for the same period last year. In April 2011 the deficit was 4.8bn euros. The EU27 is estimated to have had a deficit of 13.2bn euros in May 2011 compared with -16bn euros in May 2010. The April balance was a 16.4bn euros deficit in 2011 compared with 12bn euros deficit in 2010. The euro area's main trading partners between January and April 2011 in euro terms were the United States, United Kingdom and China. Russia saw a 33% growth in imports from EU17. The main trading partners with the EU27 were the United States and China.