Eurozone Trade Deficits Grew in May
July 16, 2010, 3:31 pm
BRUSSELS – Early estimates for the month of May 2010 show the euro area of 16 countries recorded a global foreign trade deficit of 3.4 billion euros, against 2.2 billion in May 2009, said Eurostat Friday.
The balance recorded in the month of April 2010 was 0.3 billion, versus 2.6 billion in April 2009.
In May versus April 2010, seasonally adjusted exports rose by 1.6%, while imports rose by 4.2%.
The EU27's deficit rose in the field of energy, while the surplus for manufactured goods increased.
The EU27 trade surplus rose with the USA, Switzerland, and Turkey, while its trade deficits rose with China, Japan and South Korea.
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