The trade deficit in March was £3.7bn compared with £2.2bn in February. On a quarterly basis the trade deficit for the first quarter (Q1) was £9.7bn compared with £8.7bn for Q4 2009. The trade surplus in services was valued at £3.8bn the trade deficit in goods was £7.5bn in March 2010 compared with £4.1bn and £6.3bn respectively in February.
In terms of changes in commodity value in March oil exports increased by £198m and exports of intermediate goods by £133m, chemicals imports decreased by £314m in value. The value of imports of intermediate goods increased by £268m and cars by £211m. All categories reported an increase in the value of imports during March. The change in the value exports of oil for the quarter was an increase of £511m. The value of consumer goods exports increased £372m. Exports of cars decreased in value by £236m and chemicals by £206m.
Geographical analyses show that within the G7 exports to the US fell by £0.5bn and imports from Germany increased in value by £0.3bn. Imports from Norway fell by £0.2bn during March compared with February. There were no significant changes in exports or imports within the G7 during the quarter but imports from Switzerland increased by £1.1bn, from Norway by £0.6bn and China by £0.5bn.
The volume of exports fell by 1.8% but imports increased by 3.5% with imports of basic materials up 6.5% and exports up 9%. Imports of cars went up 14.9% but exports fell by 5.2% in March. Over the quarter imports of basic materials increased 12.5% but exports fell 0.5%, imports of semi-manufactured goods increased by 13.2% but exports fell by 1.2%. Exports of consumer goods increased by 7.9%.
There was an increase in the terms of trade in March as exports prices rose by 2.9% and import prices rose by 2.7%. Over the quarter the terms of trade increased because export prices rose by 2.7% and import prices rose by 2.4%.
Showing posts with label basic materials. Show all posts
Showing posts with label basic materials. Show all posts
Thursday, 13 May 2010
Friday, 30 April 2010
Euro Unemployment Rate Is 10%
The seasonally adjusted unemployment rate for the euro area for March 2010 was 10% the same as February. The unemployment rate in the EU27 was 9.6% the same as February and compared with 8.5% in March 2009.
It is estimated that 23,130 million people in the EU27 were unemployed in March 2010. The estimation includes 15,808 million in the euro area. The increase in numbers of people means 123,000 more unemployed in EU27 and 101,000 in the euro area.
Male unemployment increased from 8.9% to 10% in the euro area between March 2009 and March 2010 and 8.6% to 9.8% in EU27, women from 9.3% to 10.1% in the euro area and 8.5% to 9.4% in EU27. Youth unemployment in March 2010 was 19.9% in the euro area and 20.6% in EU27 compared with 19% and 18.9% respectively. The US unemployment rate was 9.7% in March 2010 and in Japan it was 4.8% in February 2010.
It is estimated that 23,130 million people in the EU27 were unemployed in March 2010. The estimation includes 15,808 million in the euro area. The increase in numbers of people means 123,000 more unemployed in EU27 and 101,000 in the euro area.
Male unemployment increased from 8.9% to 10% in the euro area between March 2009 and March 2010 and 8.6% to 9.8% in EU27, women from 9.3% to 10.1% in the euro area and 8.5% to 9.4% in EU27. Youth unemployment in March 2010 was 19.9% in the euro area and 20.6% in EU27 compared with 19% and 18.9% respectively. The US unemployment rate was 9.7% in March 2010 and in Japan it was 4.8% in February 2010.
Wednesday, 10 March 2010
Fall In Trade In Services Surplus
The January 2010 deficit in value on the balance of trade in goods and services was £3.8bn, in December it was £2.6bn. Trade in goods was £7.9bn in deficit compared with £7bn in December and trade in services had a balance of £4.2bn, down from £4.4bn in December 2009. When the volatile items are excluded the figure for the volume of exports was 6% lower and the volume of imports was 1.2% lower than December. Export prices were 0.6% lower than December but import prices rose by 0.6%.
At the commodity level, in January 2010 compared with December 2009, exports of consumer goods were up by £23m and imports down by £222m, exports of cars were down £146m and imports down by £215m. Exports of chemicals were down £369m and imports up by £239m, semi-manufactured goods other than chemicals imports were up £332m and exports down by £65m.
The trade in services surplus got smaller by £0.2bn in January 2010 to £4.2bn. In December the surplus was £4.4bn. Exports fell by £0.1bn while imports rose by £0.1bn to £8.9bn.
Geographically, the deficit in trade in goods with the EU narrowed to £3.2bn from £3.6bn. EU exports fell by £0.2bn to £11.1bn and imports by £0.7bn to £14.2bn. There was an increase in the export of intermediate goods of £18m and imports of intermediate goods fell by £70m. The export of capital goods fell by £54m and the imports of capital goods by £145m. Imports of chemicals increased during the month by £64m and exports fell by £102m and consumer goods exports fell by £46m while imports fell by £225m. The trade in goods deficit with non-EU countries grew by £1.4bn to £4.8bn. Exports to non-EU countries fell by 12.5% to £8.4bn but non-EU imports increased by 1.6% or £0.2bn to £13.2bn.
The US was the only country in the G7 group with whom the level of exports changed significantly between December and January. Exports to the US fell by £0.5bn. There were no significant changes in the level of exports with any of the G7 countries. Switzerland was the only other country with whom the were any significant changes where imports increased by £0.5bn.
Changes in key commodity volumes between December and January include exports of food, drink and tobacco down 9.2% and imports 4.7%, exports of basic materials decreased by 24.6% and imports by 1.1%, exports of cars decreased by 9.3% and imports by 15.5%. The increase in exports was in consumer goods (other than cars) where the increase was 1.1% together with a decrease in imports of 6.2%.
The terms of trade in January decreased because export prices fell by 0.6% and import prices increased by 0.6%. Excluding the volatile items (the oil price effect) export prices fell by 1.3% but import prices rose by 0.7%.
At the commodity level, in January 2010 compared with December 2009, exports of consumer goods were up by £23m and imports down by £222m, exports of cars were down £146m and imports down by £215m. Exports of chemicals were down £369m and imports up by £239m, semi-manufactured goods other than chemicals imports were up £332m and exports down by £65m.
The trade in services surplus got smaller by £0.2bn in January 2010 to £4.2bn. In December the surplus was £4.4bn. Exports fell by £0.1bn while imports rose by £0.1bn to £8.9bn.
Geographically, the deficit in trade in goods with the EU narrowed to £3.2bn from £3.6bn. EU exports fell by £0.2bn to £11.1bn and imports by £0.7bn to £14.2bn. There was an increase in the export of intermediate goods of £18m and imports of intermediate goods fell by £70m. The export of capital goods fell by £54m and the imports of capital goods by £145m. Imports of chemicals increased during the month by £64m and exports fell by £102m and consumer goods exports fell by £46m while imports fell by £225m. The trade in goods deficit with non-EU countries grew by £1.4bn to £4.8bn. Exports to non-EU countries fell by 12.5% to £8.4bn but non-EU imports increased by 1.6% or £0.2bn to £13.2bn.
The US was the only country in the G7 group with whom the level of exports changed significantly between December and January. Exports to the US fell by £0.5bn. There were no significant changes in the level of exports with any of the G7 countries. Switzerland was the only other country with whom the were any significant changes where imports increased by £0.5bn.
Changes in key commodity volumes between December and January include exports of food, drink and tobacco down 9.2% and imports 4.7%, exports of basic materials decreased by 24.6% and imports by 1.1%, exports of cars decreased by 9.3% and imports by 15.5%. The increase in exports was in consumer goods (other than cars) where the increase was 1.1% together with a decrease in imports of 6.2%.
The terms of trade in January decreased because export prices fell by 0.6% and import prices increased by 0.6%. Excluding the volatile items (the oil price effect) export prices fell by 1.3% but import prices rose by 0.7%.
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