07 September 2006 13:43 [Source: ICIS news]
LONDON (ICIS news)--European Union annual chemical imports from East Asia soared by 91% to €18.97bn ($24.15bn) between 1999 and 2005, EU statistics agency Eurostat said on Thursday.
Chemical exports from the EU to the 13 Asian Countries in the Asia-Europe Meeting (ASEM) grew by 65% to €23.74bn during the same period.
The balance of chemicals trade widened from €4.49bn in 1999 to €4.77bn in 2005.
Overall imports of goods from East Asia grew 63% to €335.69bn in the five year period, while exports increased to €160.64bn, up 62% from 1999.
Overall imports of goods from East Asia grew 63% to €335.69bn in the five year period, while exports increased to €160.64bn, up
62% from 1999.
The ASEM partners (China, Japan, South Korea plus 10 Southeast Asia states) accounted for around 22% of the EU 25’s total external trade in goods in 2005 - 15% of exports and 28% of imports, said Eurostat.
The report said that the total share of the ASEM partners had not changed significantly since 1999, because the increased importance of ?xml:namespace>
EU25 trade with the ASEM partners was dominated by manufactured goods, which accounted for around 90% of both imports and exports in 2005. As a result, the deficit of €175bn registered for manufactured goods accounted for nearly all the deficit with the ASEM partners.
The 10 Southeast Asian countries in the ASEM are
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