(MENAFN - Kuwait News Agency (KUNA)) The trade balance in goods between the 27-member European Union with the rest of the world in February 2012 was a 9.4 billion euro deficit, compared with a deficit of 23.5 bn euro in January 2012.
The trade in goods balance between the 17-member euro area balance with the rest of the world in February 2012 was a 2.8 bn euro surplus, compared with a deficit of 7.9 billion in January 2012.
These data were released by Eurostat, the EU statistical office, Monday.
The EU deficit for energy increased to 35.2 bn euro in January 2012 compared with 32.4 bn in January 2011.
EU exports to most of its major partners grew in January 2012 compared with January 2011, except for Norway (-4 percent) and Turkey (-1 percent). The most notable increases were recorded for exports to Russia (25 percent), Brazil (24 percent), Switzerland (22 percent) and South Korea (20 percent).
As regards EU imports, the largest increases were recorded for imports from Russia and Norway (both 9 percent) and the largest drop for imports from Japan and Turkey (both -6 percent) for the same period.