Be the first to comment!EU27 deficit in trade in goods with Russia of €50 bn
 Email item
|  Print item
|
|
EU27 deficit in trade in goods with Russia of 50 bn euro in 2009 Russia third trading partner of EU27
EU27 trade in goods with Russia had increased steadily until 2008, before dropping sharply in 2009. EU27 exports to Russia rose from 23 billion euro in 2000 to 105 bn in 2008, then fell to 66 bn in 2009. Imports rose from 64 bn in 2000 to 178 bn in 2008, then decreased to 115 bn in 2009. As a result, the EU27 trade deficit with Russia increased significantly from 41 bn euro in 2000 to 73 bn in 2008, then fell to 50 bn in 2009.
The share of Russia in the EU27’s total external trade in goods went steadily upwards between 2000 and 2008, but went down in 2009. In 2009, Russia was the EU27’s third most important trading partner after the USA and China, accounting for 6% of EU27 exports and 10% of EU27 imports.
On the occasion of the 25th European Union – Russia summit, which will take place on 31 May and 1 June in Rostov-on-Don in Russia, Eurostat, the statistical office of the European Union, issues data on trade and investments between Russia and the EU. Germany, the Netherlands and Italy: largest trading partners of Russia
Among the EU27 Member States, Germany (20.5 bn euro or 31% of EU exports) was by far the largest exporter to Russia in 2009, followed by Italy (6.5 bn or 10%), France (5.0 bn or 8%) and the Netherlands (4.7 bn or 7%). Germany (23.7 bn or 20%) was also the largest importer, followed by the Netherlands1 (14.2 bn or 12%), Italy (12.1 bn or 10%), Poland (9.1 bn or 8%) and France (9.0 bn or 8%).
Most Member States recorded deficits in trade with Russia in 2009, the largest being observed in the Netherlands1 (-9.5 bn euro), Italy (-5.6 bn), Poland (-5.5 bn) and France (-4.0 bn). The highest surpluses were recorded in Austria (0.7 bn) and Denmark (0.6 bn).
Around 85% of EU27 exports to Russia in 2009 were manufactured goods, while energy accounted for almost three quarters of imports. At the detailed level, the main EU27 exports to Russia included medicine, aircraft, motor cars and mobile phones, while the main imports included oil, gas and coal.
