9th ASEM Summit ASEM partners accounted for 43% of EU27 imports and 31% of exports in the first half of 2012

29-10-2012 — /europawire.eu/ — Between 2000 and 2011, the share in EU27 international trade in goods of the 19 partner countries1 taking part in the Asia-Europe Meeting (ASEM) increased steadily. From 2000 to 2011, the share of the ASEM partners in EU27 exports rose from 22% to 30%, and in imports from 36% to 44%. The EU27 registered a trade deficit with the ASEM partners during the whole period, growing from 174 billion euro in 2000 to a peak of 300 bn in 2008, before falling to 280 bn in 2011.

On the occasion of the 9th ASEM Summit, which will take place on 5 and 6 November 2012 in Laos, Eurostat, the statistical office of the European Union, issues data on international trade in goods between the 27 Member States of the EU and the 19 partner countries taking part in ASEM.

There was continued growth in international trade in goods between the EU27 and the ASEM partners in the first half of 2012, with exports rising from 226 bn euro in the first half of 2011 to 255 bn in the first half of 2012, and imports up from 373 bn to 379 bn. The trade deficit continued to decrease in this period, from 146 bn to 124 bn. In the first half of 2012, the ASEM partners accounted for 31% of EU27 exports of goods and 43% of imports in the EU27.

Between 2000 and 2011, EU27 trade increased with most of the individual ASEM partners. Among the largest ASEM trading partners, the highest growth in this period was registered with China, Russia and India and the largest decrease with Japan.

Germany: more than one third of exports to ASEM partners and one fifth of imports

Among the EU27 Member States, Germany (88 bn euro or 35% of the total) was by far the largest exporter to the ASEM partners in the first half of 2012, followed by France (28 bn or 11%), the United Kingdom (26 bn or 10%) and Italy (20 bn or 8%). Germany (77 bn or 20%) was also by far the largest importer from the ASEM partners, followed by the Netherlands2 (63 bn or 17%), the United Kingdom (45 bn or 12%), France (32 bn or 8%) and Italy (31 bn or 8%). The largest deficits in the first half of 2012 were registered by the Netherlands2 (-45 bn), the United Kingdom (-19 bn), Austria (-12 bn), Italy (-11 bn) and Spain (-10 bn). The highest surpluses in trade with the ASEM partners were recorded by Germany (+11 bn) and Ireland (+1 bn).

China and Russia: half of EU27 exports to ASEM and two thirds of imports

Among the ASEM partners, China (73 bn euro or 29% of the total) was the leading destination for EU27 exports in the first half of 2012, followed byRussia (59 bn or 23%), Japan (27 bn or 11%), India (19 bn or 8%) and South Korea (18 bn or 7%). The leading source of EU27 imports from theASEM partners was also China (140 bn or 37%), followed by Russia (107 bn or 28%) and Japan (33 bn or 9%). The highest EU27 deficits in trade with the ASEM partners in the first half of 2012 were recorded with China (-68 bn), Russia (-48 bn), Japan and Vietnam (both -6 bn) and the largest surpluses with Australia (+8 bn) and Singapore (+5 bn).

EU27 Member States’ international trade in goods with the ASEM partners

million euro

Exports Imports Balance
Jan-Jun 2011 Jan-Jun 2012 Jan-Jun 2011 Jan-Jun 2012 Jan-Jun 2011 Jan-Jun 2012
EU27 226 410 255 104 372 583 379 064 -146 172 -123 961
Belgium2 15 310 16 581 22 959 22 521 -7 650 -5 940
Bulgaria 568 695 2 497 3 216 -1 929 -2 521
Czech Republic 3 279 4 305 9 427 9 234 -6 148 -4 929
Denmark 4 300 4 238 4 350 4 061 -49 177
Germany 79 297 88 487 76 593 77 129 2 704 11 358
Estonia 675 830 1 025 844 -350 -14
Ireland 3 137 3 276 2 054 2 030 1 083 1 246
Greece 723 1 008 5 414 4 886 -4 691 -3 878
Spain 6 485 7 481 19 250 17 493 -12 766 -10 011
France 23 827 27 676 30 969 31 984 -7 142 -4 308
Italy 19 287 20 128 35 348 31 152 -16 060 -11 024
Cyprus 55 61 274 250 -219 -189
Latvia 772 963 688 885 84 78
Lithuania 1 647 2 062 3 752 3 920 -2 105 -1 857
Luxembourg 316 399 780 903 -464 -504
Hungary 3 045 2 814 8 171 7 515 -5 126 -4 702
Malta 215 169 273 273 -58 -105
Netherlands2 14 661 17 906 58 144 62 919 -43 483 -45 013
Austria 5 662 5 941 5 012 5 732 650 209
Poland 4 593 5 476 14 776 17 755 -10 182 -12 279
Portugal 490 822 1 975 1 685 -1 485 -863
Romania 1 036 1 155 3 262 2 999 -2 227 -1 844
Slovenia 683 808 1 339 1 358 -656 -550
Slovakia 1 782 2 261 5 993 6 236 -4 211 -3 976
Finland 5 670 5 876 7 920 7 659 -2 250 -1 783
Sweden 8 591 8 073 9 101 9 540 -510 -1 467
United Kingdom 20 305 25 615 41 238 44 887 -20 933 -19 271
Total extra-EU27 755 821 829 173 851 186 890 936 -95 365 -61 763
ASEM / Total 30% 31% 44% 43%

EU27 international trade in goods with the ASEM partners by product

million euro

Exports Imports Balance
Jan-Jun 2011 Jan-Jun 2012 Jan-Jun 2011 Jan-Jun 2012 Jan-Jun 2011 Jan-Jun 2012
Total 226 410 255 104 372 583 379 064 -146 172 -123 961
Primary goods: 24 076 29 775 104 467 109 436 -80 390 -79 660
Food & drink 11 729 13 610 9 209 9 772 2 520 3 838
Raw materials 9 750 10 461 12 279 12 243 -2 529 -1 782
Energy 2 598 5 704 82 979 87 420 -80 381 -81 716
Manufactured goods: 196 741 219 633 254 719 255 173 -57 979 -35 540
Chemicals 35 709 38 385 22 502 24 129 13 207 14 256
Machinery & vehicles3 111 905 127 490 129 231 130 431 -17 326 -2 941
Other manuf’d goods3 49 126 53 758 102 986 100 613 -53 860 -46 855
Other 5 594 5 696 13 397 14 456 -7 803 -8 760

EU27 international trade in goods with the ASEM partners

million euro

EU27 exports to: EU27 imports from: EU27 balance
2000 2011 Jan-Jun 2012 2000 2011 Jan-Jun 2012 2000 2011 Jan-Jun 2012
Total 186 449 474 372 255 104 360 050 754 588 379 064 -173 601 -280 216 -123 961
China* 25 863 136 245 72 739 74 632 292 509 140 434 -48 768 -156 264 -67 695
Russia 22 738 108 391 58 835 63 777 199 834 107 047 -41 039 -91 443 -48 212
Japan 45 497 49 013 26 940 92 091 69 144 33 079 -46 594 -20 130 -6 139
South Korea 16 742 32 475 18 372 26 955 36 061 19 676 -10 213 -3 586 -1 304
India 13 678 40 511 19 293 12 846 39 495 18 392 832 1 016 902
Singapore 15 800 27 177 15 291 17 390 19 044 10 785 -1 590 8 133 4 506
Australia 15 853 31 079 16 003 9 147 14 896 7 507 6 706 16 184 8 495
Malaysia 8 526 11 915 7 042 18 326 21 145 10 242 -9 800 -9 229 -3 201
Thailand 6 628 12 298 6 624 13 545 17 575 8 520 -6 917 -5 278 -1 896
Indonesia 4 551 7 365 4 324 11 547 16 128 7 757 -6 996 -8 762 -3 433
Vietnam 1 291 5 209 2 323 4 290 12 855 8 217 -3 000 -7 646 -5 894
Philippines 4 509 3 975 2 307 9 201 6 341 2 653 -4 693 -2 366 -346
Pakistan 1 990 3 741 2 071 2 711 4 584 2 014 -722 -843 57
New Zealand 2 151 3 464 1 654 2 451 3 206 1 758 -299 258 -104
Cambodia 117 193 116 361 1 301 766 -245 -1 108 -650
Brunei 273 561 789 174 9 8 98 552 781
Mongolia 81 414 226 53 72 33 28 342 192
Laos 45 197 71 139 221 98 -94 -24 -28
Myanmar 118 149 85 413 169 76 -295 -20 9

* Excluding Hong Kong

EU27 international trade in goods with ASEM partners

billion euro

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
ASEM
Exports 186.4 200.7 207.2 212.7 242.0 266.1 305.2 342.2 372.1 310.8 401.4 474.4
Imports 360.0 352.2 349.5 370.5 418.9 488.2 575.9 625.5 672.0 532.3 689.6 754.6
Balance -173.6 -151.5 -142.4 -157.8 -176.9 -222.1 -270.8 -283.3 -299.9 -221.4 -288.2 -280.2
Total extra-EU27
Exports 849.7 884.7 891.9 869.2 953.0 1 057.6 1 161.9 1 242.9 1 317.5 1 099.2 1 356.7 1 557.6
Imports 992.7 979.1 937.0 935.2 1 027.5 1 183.2 1 363.9 1 445.0 1 582.9 1 233.1 1 530.8 1 714.4
Balance -143.0 -94.4 -45.1 -66.0 -74.6 -125.6 -202.0 -202.1 -265.4 -133.9 -174.2 -156.8
ASEM / Total
Exports 22% 23% 23% 24% 25% 25% 26% 28% 28% 28% 30% 30%
Imports 36% 36% 37% 40% 41% 41% 42% 43% 42% 43% 45% 44%
  • The countries covered in this news release are the 19 partner countries which were members of the Asia-Europe Meeting (ASEM) at the time of this release: China, India, Japan, Mongolia, Pakistan, South Korea, Russia, Australia, New Zealand and the 10 members of ASEAN (the Association of Southeast Asian Nations): Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Data for China presented in this news release exclude Hong Kong.
  • Dutch imports and therefore the trade deficit are over-estimated because of the “Rotterdam effect” where goods destined for the rest of the EU arrive, and are therefore recorded in harmonised EU external trade statistics, in Dutch ports. This then has a positive effect on the external trade balances with the ASEM partners of those Member States to which the goods are re-exported as these shipments would be recorded as intra-EU trade with the Netherlands rather than extra-EU trade with the ASEM partners. To a lesser extent, Belgian trade figures are similarly over-estimated.
  • Machinery and vehicles includes power generating and industrial machinery, computers, electric and electronic parts and equipment, road vehicles and parts, ships, airplanes and railway equipment.

Other manufactured articles include leather, rubber, wood, paper, textiles, metals, building fixtures and fittings, furniture, clothes, shoes and accessories, scientific instruments, clocks, watches and cameras.

Published by: Eurostat Press Office

Louise CORSELLI-NORDBLAD

Julia URHAUSEN

Tel: +352-4301-33 444

eurostat-pressoffice@ec.europa.eu

 

For further information on data:

Gilberto GAMBINI

Tel: +352-4301-35 806

estat-etfree@ec.europa.eu

Eurostat News Releases on the internet: http://ec.europa.eu/eurostat

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