Higher exports, imports raise EU chems Jan-August trade surplus

16 November 2012 11:08  [Source: ICIS news]

LONDON (ICIS)--The EU’s chemical products trade surplus for January to August increased by 19% from the same period in 2011, with imports and exports both higher, EU statistics body Eurostat said on Friday.

Eurostat’s figures showed that the trade surplus for chemicals in the EU rose to €77.2bn ($99.0bn) in the first eight months of 2012, up from €65.1bn in the same period last year.

Exports rose by 10% year on year to €185.9bn, and imports increased by 5% to €108.7bn.

The chemicals trade surplus in the eurozone in the January–August period was €83.6bn, up by 16% from €72.3bn during the same period in 2011.

Eurozone chemicals exports grew by 8% to €208.4bn and imports by 4% to €124.8bn.

Main products – EU27 – non-seasonally adjusted data (€bn)


EU27 exports

EU27 imports

Trade balance

Jan-Aug 11

Jan-Aug 12

Growth

Jan-Aug 11

Jan-Aug 12

Growth

Jan-Aug 11

Jan-Aug 12

Chemicals

168.4

185.9

10%

103.3

108.7

5%

65.1

77.2


Main products – EA17 – non-seasonally adjusted data (€bn)


EA17 exports

EA17 imports

Trade balance

Jan-Aug 11

Jan-Aug 12

Growth

Jan-Aug 11

Jan-Aug 12

Growth

Jan-Aug 11

Jan-Aug 12

Chemicals

192.8

208.4

8%

120.4

124.8

4%

72.3

83.6

Source: Eurostat

($1 = €0.78)


By: Franco Capaldo
+44 (0)20 8652 3214



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