(MENAFN- Kuwait News Agency (KUNA)) Exports of the 27-member European Union to most of its major partners grew in January-August 2012 compared with January-August 2011, according to figures released Friday by Eurostat, the statistical office of the European Union.
The most notable increases were recorded for exports to Russia and South Korea (both 18 percent), Japan (17 percent), the US and Brazil (both 14 percent).
As regards EU imports, the pattern was mixed. The largest increases were recorded for imports from the US (11 percent) and Norway (10 percent), and the largest falls with India (nine percent) and Japan (five percent).
The EU trade surplus increased with the US to 56.1 billion euro in January-August 2012 compared with 46.1 bilion euro in January-August 2011 and with Turkey 17.9 billion compared with 16.8 billion.
The EU trade deficit declined with China to 95.1 billion compared with 103.
7 billion, Russia to 58.2 billion compared with 64.6 billion and Japan 6.6 billion compared with 14.4 billion for the same period.
The EU deficit for energy increased to 277 billion euro in January-August 2012 compared with 252.5 billion in January-August 2011.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.