EU chemicals trade up in January-March: Eurostat data

17 June 2013 11:07  [Source: ICIS news]

LONDON (ICIS)--The EU’s chemicals trade surplus rose in January-March 2013 compared to the same period a year earlier, statistics agency Eurostat said on Monday.

Non-seasonally adjusted data from the agency showed that EU chemicals exports increased by 2% year on year during the period to €69bn ($92bn), while imports fell by 1% year on year to €39.6bn.

The chemicals trade surplus rose to €29.5bn, compared to €27.4bn in January-March 2012.

Data for the 17-member eurozone also showed an export-driven uptick in the chemicals trade balance.

Exports increased by 3% to €78.9bn, while import levels were near-stable year on year at €46.2bn. The trade surplus improved to €32.7bn, compared to €30.4bn in January-March 2012.

Eurostat said trade balances for the eurozone must be interpreted with caution as they include some intra-EU trade.

The eurozone’s main trading partner over the period was the UK, followed by the US, China, Russia and Switzerland, Eurostat added.

(€1 = $0.75)

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

EU27 exports

EU27 imports

Trade balance

Jan-Mar 12

Jan-Mar 13

Growth

Jan-Mar 12

Jan-Mar 13

Growth

Jan-Mar 12

Jan-Mar 13

Chemicals

67.5

69.0

2%

40.1

39.6

-1%

27.4

29.5


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

Eurozone exports

Eurozone imports

Trade balance

Jan-Mar 12

Jan-Mar 13

Growth

Jan-Mar 12

Jan-Mar 13

Growth

Jan-Mar 12

Jan-Mar 13

Chemicals

76.8

78.9

3%

46.4

46.2

0%

30.4

32.7


By: Tom Brown
+44 208 652 3214



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