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ISSN 1017-6004

eurostat

%

EXTERNAL TRADE

Monthly statistics

10 D 1991

Part 1: Commentaries

Part 2: External trade

Part 3: Balance of payments

(2)

Luxembourg: Office for Official Publications of the European Communities, 1991

Catalogue number: CA-AR-91-010-EN-C

© ECSC-EEC-EAEC, Brussels · Luxembourg, 1991'

(3)

NOTE

This edition combines external trade and balance of payments statistics for the Community

the aim being to provide the reader with all statistical information relating to the Community's

external transactions.

Owing to different periodicities of data collection (monthly for external trade, quarterly for

balance of payments), figures for the balance of payments will appear four times a year in this

publication.

The statistical tables will be preceeded by a concise analysis which will comment upon the

main economic trends. To this end, certain Community aggregates will be estimated if the

necessary data is available for most member states.

(4)
(5)
(6)
(7)

Commentary: External Trade

(8)

Seasonal Adjustment: Results

After their downward trend from mid-1990 onwards,

seasonally adjusted European Community exports

to the rest of the world (extra-EC) now stabilise

around their mid-1989 level. In May 1991,

seasonally adjusted extra-EC exports decreased by

0,5% compared to April 1991.

After stabilising at a high level in 1989 and the first

half of 1990, seasonally adjusted Community

imports from the rest of the world (extra-EC) moved

further upwards during the second half of 1990. For

the first months of 1991, they show marked

fluctuations around this higher level. In May 1991,

seasonally adjusted extra-EC imports were up by

0,4% compared to April 1991.

After an improvement at the beginning of this year,

the European Community's seasonally adjusted

trade deficit seems to deteriorate again. In May

1991, the seasonally adjusted Community trade

deficit stood at a record level of-7,05 mrd. ECU.

After the upward trend registered since 1988, trade

between EC Member States seems to have

stabilised at the beginning of 1991. Seasonally

adjusted trade between European Community

Member States increased by 0,9% in Mai 1991

compared to April 1991.

EUR 12 Exports Extra-EC

EUR 12 Imports Extra-EC

Mrd. ECU

1984 1Θ65 1986 1Θ87 1 1989 1990 1991

1984 1985 Unadjusted — Seasonally Adjusted

- Unadjusted Seasonally Adjusted

EUR 12 Imports Intra-EC

Mrd. ECU

EUR 12 Trade Balance Extra-EC

1984 1985 1986 1987 1988 1989 1990 1991

— Unadjusted — Seasonally Adjusted 1984 1985 1986 1987 1988 1989 1990 1991

(9)

TABEL O - EUR 12 EXPORTS, IMPORTS, TRADE BALANCE (1)

Seasonally Adjusted Serles(2) - Mrd. ECU

Period

Jan-88

Feb-88

Mar-88

Apr-88

May-88

Jun-88

Jul-88

Exports Extra-EC

Not Adjusted

22,7

27,1

31,5

27,8

29,7

31,9

30,8

Seasonally

Adjusted

25,8

28,3

28,6

29,4

30,2

30,6

30,4

Imports

Not Adjusted

25,9

29,5

34,4

30,2

31,9

33,0

31,9

Extra-EC

Seasonally

Adjusted

26,6

30,0

31,3

30,5

31,9

32,2

33,4

Imports Intra-EC

Not Adjusted

35,2

42,9

49,2

42,4

45,6

47,3

43,2

Seasonally

Adjusted

38,1

42,1

42,8

43,0

45,0

45,2

44,8

Trade Balance Extra-EC

Not Adjusted

-3,2

-2,4

-2,9

-2,4

-2,2

-1,1

-1,2

Seasonally

Adjusted

-0,7

-1,8

-2,7

-1,1

-1,7

-1,7

-3,0

Sep-88

Oct-88

Nov-88

Dec-88

Jan-89

Feb-89

Mar-89

Apr-89

May-89

Jun-89

Jul-89

Aug-89

Sep-89

Oct-89

Nov-89

Dec-89

Jan-90

Feb-90

Mar-90

Apr-90

May-90

Jun-90

Jul-90

Aug-90

Sep-90

Oct-90

Nov-90

Dec-90

Jan-91

Feb-91

Mar-91

Apr-91

May-91

22,7

27,1

31,5

27,8

29,7

31,9

30,8

28,5

31,1

32,6

33,1

35,8

30,3

30,9

34,8

33,7

33,4

37,4

34,0

31,3

34,4

37,6

37,1

37,4

34,1

33,6

37,7

33,3

35,6

35,1

35,5

31,4

31,2

38,8

36,9

35,4

32,6

31,7

34,4

34,5

34,4

25,8

28,3

28,6

29,4

30,2

30,6

30,4

31,4

31,6

31,5

31,1

32,9

33,4

33,1

34,2

33,6

33,5

36,0

34,3

34,1

36,3

34,6

35,0

34,9

36,9

36,0

35,6

35,0

35,2

35,0

34,5

34,5

33,3

35,2

35,0

33,7

34,5

33,9

34,0

34,4

34,2

25,9

29,5

34,4

30,2

31,9

33,0

31,9

31,1

34,2

35,4

34,7

34,1

35,4

34,3

38,0

37,6

39,1

40,1

35,3

34,4

37,7

40,6

39,1

34,8

39,6

35,6

40,2

37,1

39,4

37,8

36,8

35,2

36,6

43,9

41,9

36,0

43,0

37,3

39,2

43,3

42,3

26,6

30,0

31,3

30,5

31,9

32,2

33,4

33,9

33,8

34,2

33,1

35,5

35,2

36,0

36,9

37,0

38,4

38,9

37,6

36,9

38,2

37,6

37,9

37,0

38,5

37,6

38,2

37,7

38,0

37,6

37,3

38,3

37,9

40,2

40,3

38,9

41,1

39,5

38,9

41,1

41,2

35,2

42,9

49,2

42,4

45,6

47,3

43,2

37,5

46,3

50,1

49,3

48,9

47,7

49,1

54,1

52,0

52,5

57,3

50,4

42,5

50,8

58,1

56,4

51,5

53,9

52,3

60,6

54,4

56,6

54,7

54,8

44,5

53,3

62,3

61,1

52,6

59,3

56,0

59,6

60,0

59,1

38,1

42,1

42,8

43,0

45,0

45,2

44,8

46,9

46,1

47,4

47,4

49,2

49,3

49,9

50,5

50,5

51,7

54,1

52,5

52,0

53,0

52,8

53,8

53,6

55,4

53,3

54,5

54,5

54,5

54,0

54,8

55,4

56,0

56,8

56,3

53,2

59,2

57,2

56,8

57,2

57,7

-3,2

-2,4

-2,9

-2,4

-2,2

-1,1

-1,2

-2,6

-3,1

-2,7

-1,7

1,6

-5,1

-3,4

-3,2

-3,9

-5,7

-2,7

-1,3

-3,0

-3,3

-3,0

-2,0

2,5

-5,5

-2,0

-2,5

-3,7

-3,8

-2,7

-1,3

-3,8

-5,3

-5,2

-5,0

-0,6

-10,5

-5,7

-4,9

-8,8

-7,9

-0,7

-1,8

-2,7

-1,1

-1,7

-1,7

-3,0

-2,4

-2,2

-2,7

-2,1

-2,6

-1,8

-2,9

-2,7

-3,3

-4,9

-2,9

^3,2

-2,8

-1,9

-3,0

-2,9

-2,1

-1,6

-1,6

-2,6

-2,7

-2,8

-2,6

-2,8

-3,8

-4,6

-5,0

-5,3

-5,1

-6,6

-5,7

-5,0

-6,7

-7,0

(1 ) As from October 1990, the territory of the Federal Republic of Germany includes the territory of the former German Democratic Republic, including East Berlin.

Community results are drawn up accordingly.

(2) Seasonal Adjustment via X11/ARIMA procedure

(10)

GLOBAL TRENDS: Results for June 1991. The cumulative deficit for the first half of 1991

amounted to 43.5 billion ecus, equivalent to the total deficit for 1990.

In June 1991, the Community deficit was 5.8 billion

ecus, a deterioration of 2.7 billion compared with the

June 1990 figure. The gap between the growth rates

for imports and exports was 7.3 points, an improve­

ment on the beginning of the year : the average diffe­

rence during the first half of 1991 was more than 10

points.

The energy bill weighs heavily on the balance of

Community trade: from $17.4 a barrel over the first six

months of 1990, the cost of the Community's supplies

of crude oil rose to $19.43 in the first half of 1991, an

increase of 11.7% in dollar terms. The dollar­ecu

exchange rate brings this figure down to 8%.

In the first half of 1991, Community exports suffered

from the slowdown in world trade and from the fact that

German products were directed increasingly to the

domestic market. They fell by 3.7% compared with the

first half of 1990. This drop was particularly marked in

the first quarter of the year, when the hostilities in the

Gulf caused a downturn in activity, whereas the situa­

tion stagnated in the second quarter.

Community imports rose in the first half of 1991 (+6.5%

on the same period in 1990), owing to demand from

unified Germany and the increase in energy prices.

There was a slight downturn in the first quarter, when

imports showed an increase of only 3% compared with

the first quarter of 1990, but they picked up again in

the second quarter (+10%). This pattern should be

seen in relation to changes in the cost of the Commu­

nity's supplies of crude oil, expressed in ecus. In the

first quarter of 1991, this was 3% higher than in the first

quarter of 1990. In the second quarter of 1991, it fell

compared with the start of the year, but was higher

than the very low level in the second quarter of 1990.

In ecu terms the increase, which was compounded by

the rise in the value of the dollar, was 20% compared

with the second quarter of 1990.

At mid­1991 the United States had a cumulative deficit

of 26.7 billion ecus, an improvement of 16 billion on

the first half of 1990. Imports fell by 6.1% in ecus

between these two periods, but by only 2% in dollars.

Exports went up by 2.2% in ecus between the first half

of 1990 and the first half of 1991, corresponding to a

rise of 6% in dollars.

In the first half of 1991, Japan had a cumulative surplus

of 28.8 billion ecus, an increase of 5 billion on the first

half of 1990. Between these two periods, Japanese

imports rose by 4.7% in ecus, which means that they

stagnated in dollar terms and fell by 3% in yen. Ex­

ports remained buoyant in ecus (+8.1%) and dollars

(+12%), but rose only slightly in yen (+1%).

GR.

IMPORTS AND EXPORTS (CIF.FOB)

annual % change in value

20­

1

1

S

a-I

­

i$

­

1

:

;­;

:

:

:

:

i

90

91

90

91

90

90 91

01­06

06

01­06

EUR12

USA

90

91

06

90

91

90 91

01­06

06

JAPAN

(11)
[image:11.595.64.553.37.665.2]

TABLE I - TRADE BALANCE, IMPORTS AND EXPORTS (1)

COUNTRIES

EUR-12 (2)

United States

Japan

BLEU

Denmark

Germany

Greece

Spain

France

Ireland

Italy

Netherlands

Portugal

United Kingdom

EUR-12 (2)

United States

Japan

BLEU

Denmark

Germany

Greece

Spain

France

Ireland

Italy

Netherlands

Portugal

United Kingdom

EUR-12 (2)

United States

Japan

BLEU

Denmark

Germany

Greece

Spain

France

Ireland

Italy

Nelherlands

Portugal

United Kingdom

Memorandum item

1USD

=

...ECU

1 YEN

=

...ECU

1989

-33,7

-116,1

58,4

-2,2

1,2

64,0

-7,8

-19,3

-14,9

3,1

-11,2

3,5

-5,6

-41,1

15,2

14,6

20,6

15,2

10,5

15,4

40,0

27,3

16,6

19,8

18,7

14,2

13,4

7,8

13,8

21,3

11,3

16,7

11,3

13,1

48,6

16,0

16,2

18,6

17,6

16,7

23,5

11,7

7,3

-0,3

1990

-42,9

-95,2

"

41,2

-5,6

2,4

47,4

-9,2

-20,1

-17,3

2,3

-9,3

0,3

-6,7

-31,9

1991

I

1991

II

1990

01-06

1991

01-06

TRADE BALANCE (Mrd ECU)

-20,9

-13,2

12,9

-1,5

0,5

3,0

-2,5

-4,7

-5,0

0,4

-4,2

-0,2

-1,8

-6,8

%

change on the

3,6

-9,3 "

-3,9

6,0

2,9

10,3

6,0

7,7

4,9

3,8

2,9

5,3

14,0

-1,6

3,0

-13,7 "

1,4

2,6

-0,4

19,8

-2,1

5,4

0,8

3,6

-1,4

2,0

8,1

-6,3

% change on the

1,6

-6,2 "

-9,8

2,3

7,3

2,8

-7,8

9,3

3,9

-0,6

4,7

2,0

11,7

4,6

-6,6

-6,1 "

1,2

1,6

-1,2

-2,4

-12,6

14,7

-0,7

-3,6

4,2

-1,6

0,9

0,3

% change on the

-13,5

-17,3

-10,1

-0,4

-22,5 '

-13,5 "

15,9

-1,6

0,6

-1,0

-2,3

-5,7

-3,2

-3,4

-1,3

-2,2

-5,7

-20,7

-42,9

23,8

-2,9

1,2

31,2

-5,2

-11,2

-8,0

1,5

-7,5

0,8

-3,2

-19,1

IMPORTS

-43,5

-26,7

28,8

-3,1

1,1

2,0

^»,8

-10,5

-8,2

-7,6

-1,4

-3,9

-12,6

1990

06

-3,1

-6,6

5,6

-0,4

0,4

3,9

-0,9

-2,1

-0,4

0,4

0,8

0,1

-0,4

-3,7

corresponding period of the previous year

10,0

'

1,4

"

8,1

5,2

7,6

24,9

-6,5

9,0

4,6

5,4

5,1

6,7

-4,9

2,9

-6,4 "

^1,6

6,7

3,8

6.5

37,8

8,7

4,4

3,5

4,3

6,6

18,2

-1,9

EXPORTS

corresponding period of tl

-0,7 '

10,4

15,5

5,8

7,7

2,0

14,1

13,8

6,2

0,1

0,1

-2,4

3,8

4,4

-2,0 "

-8,7

2,5

9,6

3,8

10,1

4,6

4,6

5,1

8,0

5,6

17,3

3,1

EXCHANGE RATE

6,5 '

-6,1

4,7

3,8

3,7

22,3

-4,4

7,3

2,6

2,0

3,5

7,4

-5,6

-3,3

-13,5 "

-16,5

-2,4

-6,9

-9,0

9,1

26,0

-8,6

-6,0

-6,6

-1,7

0,8

-1,4

ie previous year

-3,7 '

2,2

8,1

3,7

3,3

-0,3

0,3

14,2

2,7

2,0

-0,8

-0,8

2,1

-6,6

-7,3 "

-10,0

-5,0

13,3

-15,9

-27,7

-3,0

-3,4

1,1

4,1

1,3

7,1

-1,3

corresponding period of the previous year

3,0

15,5

-9,4

-20,4

-1,0

7,1

-14,4

-19,9

1991

06

-5,8 '

-4,7 "

6,1

-0,6

0,4

0,2

-0,8

-1,8

-0,9

0,3

-0,1

-0,6

-2,4

5,4 '

2,3 "

14,4

2,3

0,8

26,1

8,8

-0,3

7,0

5,1

1,2

0,7

-8,0

-1,9 '

9,6 "

12,6

0,7

-1,8

6,8

27,4

8,3

3,8

0,3

-1,4

-14,6

0,2

6,2

16,8

(1 ) External Trade Statistics (Imports CIF, Exports FOB).

¡2) EUR-12 includes only extra flows. Figures for Member States include world flows.

' Estimate.

" CIF component estimated.

: Not available.

(12)

EXTRA-COMMUNITY TRADE BY PARTNER COUNTRY: Results for June 1991.

Worsening of the balance of trade with Japan, the EFTA countries and the United States

compared with June 1990.

The worsening of the Community's deficit between the

first halves of 1990 and 1991 is attributable largely to

the deteriorating balance of trade with the

industriali-zed countries (-15 billion ecus out of a total figure of

22.8 billion). The deficit with the United States

wide-ned by 6.6 billion ecus compared with the first half of

1990, amounting to 13.5 billion ecus in the first half of

1991. It is now almost the same as the balance of

trade with Japan (-14.7 billion), which worsened by 3

billion ecus. The Community's trade balance with the

EFTA countries fell by almost 4 billion ecus compared

with the first six months of 1990 and was slightly in the

red in the first half of 1991.

Community imports from Japan rose once again

(+10.9% in the first half of 1991 compared with the first

half of 1990). This increase in ecus is attributable to

the appreciation of the yen between these two periods

(+7.1%). At the same time, Community exports to the

United States fell by 13.7%: the average dollar-ecu

exchange rate calculated over this period is to the

disadvantage of European products. In June 1991,

when the dollar rose against the ecu, Community

imports fell by 2.3% compared with June 1990 and

exports by 9.5%; the difference between the growth

rates for imports and exports was reduced to 7 points

in June 1991, compared with a figure of over 15 points

for the first half of the year.

The mid-1991 cumulative balance of trade with the

developing countries was - 7.8 billion ecus, compared

with only -2.2 billion for the same period in 1990. It

worsened with all the zones, especially the OPEC

countries (- 4.8 billion ecus as a result of the increase

in the cost of the Community's supplies of crude oil)

and the Mediterranean countries. In the latter case,

the traditional surplus was cancelled out in the first half

of 1991 : Community imports rose by 6.5% compared

with the corresponding period in 1990, while exports

stagnated (-2.2%). Community imports from the Asian

NICs showed a substantial rise (+15.4% between the

first halves of 1990 and 1991) as a result of European

demand for manufactured products. Community

ex-ports to all groups of developing countries fell, except

in the case of the Asian NICs (+5%). The Community's

balance of trade with the latter group of countries is

around - 2 billion ecus, on a par with the figure for the

ACP countries. Community exports to the latter fell by

more than 10% between the first halves of 1990 and

1991.

The Community's trade with the countries of central

and eastern Europe showed a deficit of 1.9 billion ecus

in the first half of 1991, a similar figure to that for the

first half of 1990. The growth rates for imports and

exports with these countries between the first halves

of 1990 and 1991, which amounted to almost +25%,

can be attributed to the unification of Germany in

October 1990.

The balance for June 1991 stood at - 5.8 billion ecus,

thereby confirming the trend at the beginning of the

year: the widening of the gap compared with June

1990 is attributable to trade with industrialized

coun-tries. The balance of trade with Japan and the EFTA

cou ntries f ell by 0.7 billion ecus in each case compared

with June 1990, to -2.6 billion and 0.1 billion

respecti-vely. The June 1991 balances are negative with all the

groups of countries apart from EFTA (0.1 billion) and

the Mediterranean countries (0.3 billion), but even

these slight surpluses are down on the corresponding

figures for June 1990.

GR . II - EXTRA TRADE BALANCE (MAIN PARTNERS)

(BIO ECU)

JAPAN

JAPAN

90

01-06

91

90

06

(13)

TABLE II ­ EUR­12 TRADE BALANCE AND TRADE FLOWS BY MAIN PARTNERS

(1)

INTRA­EC

EXTRA­EC whose

INDUSTRIALIZED THIRD

COUNTRIES

­ United States

­Japan

­EFTA

DEVELOPING COUNTRIES

­Asian NICs (2)

­OPEC

­ Mediterranean Basin

­ACP

COUNTRIES IN MIDDLE

AND EASTERN EUROPE

100,0

59,8

18,2

5,4

26,5

32,0

5,5

8,4

10,9

4,0

6,5

15,5

13,8

12,0

8,7

24,1

12,0

15,5

16,4

12,3

14,9

6,9

24,3

6,3

5,3

6,7

6,5

EXPORTS

6,0

­ 4 , 2

% change on the corresponding period of the previous year

1,6

0,9

­ 1 , 9

7,5

3,2

2,5

1,5

1,2

12,1

0,1

12,6

­6,6

­8,1

­18,7

­8,8

­2,6

­7,7

­3,4

­7,1

­2,1

-13,0

19,9

­0,7

­5,1

-8,7

-2,4

-4,7

3,0

13,7

4,1

­ 2 , 4

­8,5

30,1

4,4

4,2

1,5

13,3

6,8

6,2

4,5

8,4

17,0

5,2

7,1

­ 3 , 7

­ 6 , 6

-13,7

-5,7

-3,6

-2,4

5,0

-1,5

-2,2

-10,7

24,8

-6,6

-6,9

­ 9 , 8

­5,5

­3,6

­3,1

-12,3

3,1

7,0

7,4

­13,5

EXTRA­EC whose

INDUSTRIALIZED THIRD

COUNTRIES

­ United States

­Japan

­EFTA

DEVELOPING COUNTRIES

­ Asian NICs (2)

­OPEC

­ Mediterranean Basin

­ACP

COUNTRIES IN MIDDLE

AND EASTERN EUROPE

EXTRA­EC whose

INDUSTRIALIZED THIRD

COUNTRIES

­ United Slates

­Japan

­EFTA

DEVELOPING COUNTRIES

­Asian NICs (2)

­OPEC

­ Mediterranean Basin

­ACP

COUNTRIES IN MIDDLE

AND EASTERN EUROPE

1990

STRUC­

TURE

%

­

­

­

­

­

­

­

­

­

­

­

100,0

59,7

18,4

10,0

23,2

31,1

6,3

9,7

9,1

4,3

6,5

1989

­33,7

­22,2

­ 5 , 6

­25,2

5,4

­5,9

­ 3 , 7

­5,8

3,5

­ 3 , 0

­3,1

15,2

13,4

22,4

11,3

13,2

17,6

8,3

28,2

23,1

11,7

16,4

1990

­42,9

­25,5

­8,6

­23,5

2,8

­9,5

­3,1

­9,5

3,3

­3,5

­ 2 , 9

1991

I

1991

II

1990

01­06

1991

01­06

T R A D E BALANCE (Mrd ECU)

­20,9

­12,5

­ 5 , 9

­ 6 , 4

­ 0 , 4

­ 5 , 3

­1,4

­ 3 , 4

­ 0 , 4

­ 1 , 3

­ 1 , 0

­22,5

'

­17,0

'

­ 7 , 6

'

­ 8 , 2

'

­0,9

'

­ 2 , 6

'

­0,8

'

­ 1 , 4

'

0,7

'

­ 0 , 6

'

­0,9

'

­20,7

­14,5

­6,9

­11,5

2,8

­2,2

­0,9

­2,5

2,2

­0,6

­1,7

IMPORTS

­43,5

'

­29,5

"

­13,5

'

­14,7

'

­ 1 , 2

'

­7,8

'

­ 2 , 2

'

­4.8

'

0,3

'

­ 2 , 0

'

­1,9

'

%

change on the corresponding period of the previo

3,6

2,0

1,8

­ 0 , 2

5,9

5,0

­ 1 , 3

10,1

13,8

2,7

10,1

3,0

0,7

­ 3 , 0

5,5

2,4

1,7

12,5

3,7

5,1

3,3

28,2

10,0

'

8,7

'

8,7

'

16,1

'■

4,9

'

9,9

'

18,5

'

16,9

'

8,2

'

6,6

'

18,9

'

2,9

2,6

4,4

­0,5

4,7

3,3

­2,8

5,4

11,2

­4,5

1,6

6,5

'

4,7

'

3,0

'

10,9

'

3,7

'

5,7

'

15,4

'

9,7

'

6,5

'

4,9

'

23,4

'

1990

06

­ 3 , 1

­2,1

­1,3

­1,9

0,8

­0,1

­0,1

0,0

0,8

0,0

­0,5

us year

­3,3

­ 5 , 3

­ 1 , 7

­8,9

­ 6 , 0

0,6

­9,9

­10,8

0,6

­17,1

­4,9

1991

06

­5,8

­4,3

­1,7

­2,6

0,1

­0,5

­ 0 , 2

­0,4

0,3

­0,0

­0,3

5,4

4,3

­2,3

14,9

3,8

4,4

14,8

19,0

6,4

­3,5

15,9

7,6

­1,9

­5,5

­9,5

­5,9

­ 3 , 3

1,2

11,2

4,9

-6,0

-5,6

29,8

(1) External Trade Statistics (Imports CIF, Exports FOB),

(2) Asian NICs include the following countries: Singapore, South Korea, Taiwan and Hong Kong.

' Estimate.

[image:13.595.62.542.14.731.2]
(14)

EXTRA­COMMUNITY TRADE BY PRODUCT: Results for June 1991.

Even greater deficits than in June 1990 on machinery/transport equipment and fuel

products.

The increase of 22.8 billion ecus in the deficit for the

first half of 1991,

bringing it to a total of 43.5 billion,

can be ascribed to the following items: machinery and

transport equipment (SITC 7), where the surplus fell

by almost half (­9.6 billion), and other manufactured

goods (SITC 6+8), which went from a slight deficit of

1.1 billion ecus in the first half of 1990 to a hefty 9.7

billion in 1991.

Fuel products (SITC 3) contributed 4.7

billion to the increased deficit. Compared with the first

half of 1990, the Community's balance of trade is down

on almost all the groups of products, apart from crude

materials (SITC 2+4), where it rose by 3.3 billion ecus

as a result of the fall in market prices.

There was a surplus of around 8 billion ecus on trade

in machinery/transport equipment and chemicals

(SITC 5) in the first half of 1991, but this was down on

the figure for the first half of 1990.

Imports of the two items responsible for the bulk of the

increased deficit (machinery and transport equipment,

other manufactured goods) showed a substantial in­

crease compared with the first half of 1990 (+9.9% and

+7% respectively) and were accompanied by a fall in

exports (­3.6% and ­5.8% respectively). Imports of

these types of products leapt in the second quarter of

1991 compared with the corresponding period in 1990,

whereas exports, which fell in the first quarter of 1991

compared with the first quarter of 1990, continued to

decline in the second of 1991, although not to the same

extent. Imports of chemicals rose significantly between

the first halves of 1990 and 1991 (+10%), while exports

remained more or less stable (­0.3%).

Imports of fuel products went up by 13.7% between

the first halves of 1990 and 1991, the average cost of

the Community's supplies of crude oil having risen by

8%. The balance on food products fell by 1.3 billion

ecus to ­3.8 billion for the first six months of 1991.

The June

1991

deficit, which was 2.7 billion ecus more

than in June 1990, suffered from the surge in energy

imports (+20%), the cost of which rose substantially

between these two periods (+25% in ecus). The in­

crease in the cost of the Community's supplies of crude

oil in dollars was compounded by the 6% rise in the

value of the dollar against the ecu. This item ac­

countedfor 1.1 billion ecus of the increase in the deficit,

while machinery and transport equipment were re­

sponsible for 1.4 billion. Imports of this type of product

were in fact 7.7% higher in June 1991 than in June

1990. Moreover, imports of other manufactured goods

seemed to slow down in June 1991, rising by only 2.8%

compared with June 1990, as against 7% between the

first halves of 1990 and 1991. On the export side,

chemicals showed a rise of 2% in June 1991 compared

with June 1990, with the surplus staying at 1.4 billion

ecus.

GR. Ill

­

EXTRA TRADE BALANCE (PRODUCT GROUPS)

(BIO ECU)

Manufactures

« ■ ·

3 0 ­

15

0

■15 +

■30

45

«

» T

IOT

Manufactures

■ 5 ­

Manufactures

Prim, goods

90

91

01­06

90

91

(15)

TABLE III - EUR-12 TRADE BALANCE AND TRADE FLOWS BY BROAD PRODUCT GROUPS (1)

EXTRA-EC

-Food, etc {SITC 0+1)

- Crude materials (SITC 2+4) (2)

- Fuel products (SITC 3)

-Chemicals (SITC5)

- Machinery, transport eq. (SITC 7)

- Other manufacl goods (SITC 6+8)

- Articles not classified (SITC 9)

1990

STRUC-TURE

%

-1989

-33,7

-4,7

-32,7

-52,5

18,7

35,0

3,0

-0,4

1990

-42,9

-5,1

-29,1

-59,3

18,2

37,6

-1,8

-3,4

1991

I

1991

II

1990

01-06

1991

01-06

TRADE BALANCE (Mrd ECU)

-20,9

-1,5

-6,2

-16,1

3,4

6,1

-5,5

-1,0

-22,5

'

-2,3

'

-6,9

'

-14,0

'

4,2

'

2,5 '

-4,1

'

-2,0 '

IMPC

-20,7

-2,5

-16,4

-25,4

9,2

18,3

-1,1

-2,7

RTS

-43,5 '

-3,8 '

-13,1 '

-30,1 '

7,5 "

8,7 '

-9,7 '

-3,0 '

1990

06

-3,1

-0,5

-2,8

-3,7

1,5

2,8

-o,o

-0,3

1991

06

-5,8 '

-0,6 '

-2,2 '

-4,8 '

1,4 '

1,4 '

-0,7 '

-0,4 '

EXTRA-EC

-Food, etc (SITC 0+1)

- Crude materials (SITC 2+4) (2)

-Fuelproducts (SITC3)

-Chemicals (SITC 5)

- Machinery, transport eq. (SITC 7)

- Other manufact. goods (SITC 6+8)

- Articles not classified (SITC 9)

EXTRA-EC

-Food, etc (SITC 0+1)

- Crude materials (SITC 2+4) (2)

- Fuel products (SITC 3)

- Chemicals (SITC 5)

- Machinery, transport eq. (SITC 7)

- Other manufact. goods (SITC 6+8)

- Articles not classified (SITC 9)

100,0

7,3

2,1

2,7

11,6

40,4

31,1

4,8

%

change on the corresponding period of the previous year

100,0

7,7

8,2

15,2

6,6

28,6

28,6

5,1

15,2

3,7

13,4

30,2

17,0

17,2

18,6

-16,2

3,6

-0,1

-10,2

13,6

3,5

5,6

3,1

-0,9

3,0

0,1

-19,9

12,0

10,4

4,5

5,2

-€,2

10,0

7,9

-12,0

15,8

9,7

15,0

9,0

15,7

2,9

-0,1

H O

3,8

2,0

6,2

2,9

2,3

6,5

4,0

-15,9

13,7

10,1

9,9

7,0

4,4

-3,3

-1,2

-6,9

-14,2

-6,2

-2,4

1,4

2,3

5,4 '

-2,1 '

-15,6 '

20,0 '

6,4 '

7,7 '

2,8 '

21,2 '

EXPORTS

% change on the corresponding period of the previous year

13,8

20,0

9,2

14,5

7,9

13,3

15,1

16,8

1,6

-1,1

-7,6

17,3

1,1

6,1

-0,6

-13,8

-6,6

-7,9

-4,6

-11,2

-5,5

-6,0

-8,7

1,3

-0,7

-0,0

6,8

-4,9

5,0

-1,2

-3,0

2,8

4,4

2,5

-7,9

20,5

2,2

8,7

3,1

-11,2

-3,7

-4,1

0,9

-8,1

-0,3

-3,6

-5,8

2,0

-6,6

-3,2

-9,0

12,6

-8,4

-3,4

-8,5

-26,4

-1,9

-6,4

1,4

-19,3

2,0

-2,9

-3,2

25,6

(1) External Trade Statistics (Imports CIF, Exports FOB).

(2) Petroleum not included.

' Estimate.

SITC Rev.3 is in application from 1988.

(16)

INDIVIDUAL MEMBER STATES' AND INTRA­COMMUNITY TRADE: Results for June 1991.

Sharp fall in Germany's surpluses in the first half of 1991 :

extra­Community balance +1.4 billion ecus, intra­Community balance +0.4 billion.

In the first half of 1991, the negative extra­Community

trade balance worsened compared with the first half of

1990, mainly because Germany's surplus on extra­

Community trade shrank to 1.4 billion ecus from 13.4

billion in the first half of 1990. France accounted for

3.4 billion ecus of the increased deficit, with a balance

of ­3.7 billion, as did to a lesser extent the Netherlands

(balance: ­10.7 billion), Italy (­4.9 billion) and the Uni­

ted Kingdom (­11.2 billion). Forthe other countries the

situation remained unchanged.

Intra­Communfty trade increased at a slightly slower

rate than extra­Community imports in the first half of

1991, which was not the case in June (+7.6% for

intra­Community trade, as against +5.4% for extra­

Community imports). Germany's intra­Community

trade surplus fell from 17.6 billion ecus in the first half

of 1990 to 0.4 billion in the first six months of 1991,

owing to the rerouting of products to the domestic

market and the surge in imports. The United Kingdom

continued its efforts to balance its intra­Community

trade books: the cumulative deficit fell from 9.1 billion

ecus in mid­1990 to 1.3 billion in mid­1991. At the

same time, France reduced its deficit by 3.4 billion

ecus to just over 4 billion.

GR

.

IV

MEMBER STATES' EXTRA AND INTRA TRADE BALANCES

(BIO ECU)

E C

Q ­ L

OK

E X T R A

I I

O l ­ D f l / n o

2

O

JUL

i!_a*ua

"UT"

O R o e / g i

*= I R L I

(17)

EUR-12

- extra

- intra (2)

BLEU

- extra

- intra

DENMARK

-extra

- intra

GERMANY

-extra

- intra

1989

-33,7

1,2

-5,4

2,7

1,0

0,2

[image:17.595.54.545.52.662.2]

25,0

38,6

TABLE IV

1990

-42,9

-6,9

-6,3

0,1

1,6

0,8

23,0

24,0

-

EXTRA - AND INTRA - EC TRADE BALANCE (1

)

1991

I

1991

II

1990

01-06

1991

01-06

TRADE BALANCE (Mrd ECU)

-20,9

-2,6

-2,2

0,5

0,2

0,4

2,0

0,9

-22,5

-3,0 '

-2,1

0,4

0,1

0,5

-0,6

-0,5

-20,7

-2,7

-3,4

0,2

0,9

0,2

13,4

17,6

-43,5

-5,6 '

-4,4

0,9

0,3

0,8

1,4

0,4

1990

06

-3,1

0,7

-0,7

0,2

0,3

0,1

1,8

2,1

1991

06

-5,8

-0,4 '

-0,6

-0,0

0,2

0,2

0,0

0,2

GREECE

- extra

- intra

SPAIN

- extra

- intra

FRANCE

- extra

-intra

IRELAND

-extra

- intra

ITALY

-extra

- intra

NETHERLANDS

-extra

-intra

PORTUGAL

- extra

- intra

UNiïED

KINGDOM

-extra

- intra

-3,2

-4,7

-10,8

-8,9

0,9

-15,4

0,1

3,0

-4,4

-6,8

-15,7

18,5

-2,3

-3,4

-18,8

-22,5

-3,3

-5,9

-11,5

-9,2

-2,0

-14,9

-0,1

2,4

-5,0

-4,3

-18,5

18,0

-2,8

-4,1

-18,0

-14,0

-1,0

-1,5

-3,2

-1,7

-2,5

-2,4

-0,2

0,5

-2,9

-1,4

-5,1

4,7

-0,6

-1,2

-5,4

-1,4

-0,9

-1,5

-3,4

-2,4

-1,2

-1,8

-2,0

-1,4

-5,6

4,2

-0,8

-1,4

-5,8

0,1

-2,0

-3,2

-6,2

-5,2,

-0,3

-7,6

0,0

1,5

-3,2

-4,3

-8,7

9,1

-1,3

-1,9

-10,0

-9,1

-1,9

-2,9

-«,6

-4,1

-3,7

-4,2

-4,9

-2,7

-10,7

8,8

-1,4

-2,6

-11,2

-1,3

-0,4

-0,5

-1,2

-1,0

0,4

-0,8

0,1

0,3

0,4

0,5

-1,5

1,5

-0,2

-0,3

-2,2

-1,5

-0,3

-0,5

-1,2

-0,7

-0,1

-0,7

-0,0

0,3

-1,6

1,4

-0,2

-0,4

-2,0

-0,4

(1 ) External Trade Statistics (Imports CIF, Exports FOB).

(2) Intra trade balance not zero due to CIF/FOB recording and asymétrie recording of bilateral flows by individual Member States.

' Estimate.

(18)
(19)
(20)

GLOBAL TRENDS : First quarter 1991 ­ Sharp drop on the Community's current account

balance; US current deficit contracts significantly; Japanese current surplus also registers

some reduction. Financing of Gulf multinational forces leads to some significant flows of

unilateral transfers.

The Community's current account balance for the

first quarter of 1991 was well below that forthe same

quarter in 1990, showing a deficit of 18.9 billion ecus

compared with a deficit of 5.3 billion the year before.

This development continues the downward trend on

current balance observed throughout 1990, and is

due in major part to the contraction of the German

trade surplus (see below). Both trade and invisibles

balances fell, down 10.5 and 3.1 billion ecus respec­

tively.

The current account balance of the USA recorded a

first­quarter surplus of 11.5 billion ecus ($15.4 billion)

compared with a deficit of 14.3 billion ecus ($17.2

billion) for the same three months in 1990. Most of

this improvement was the result of a large increase

in unilateral transfer receipts due to cash contribu­

tions from the coalition partners in operation Desert

Storm. There was also a marked reduction in the US

trade deficit which was down 8.5 billion ecus in

year­on­year terms.

Japan's current account surplus for the first quarter

of 1991 was 7.6 billion ecus (1360 billion yen) com­

pared with 10.2 billion ecus (1850 billion yen) forthe

same period in 1990. Once again it was the financ­

ing of operations in the Gulf which was primarily

responsible, causing the Japanese invisible balance

to drop 6.1 billion ecus in year­on­year terms.

Japan's trade surplus was actually 3.5 billion ecus

up on the same three months of 1990.

Balance of payments of the EC, USA and Japan : developments on main balances (billion ecu)

­ 5 £ —

: current balance

— Q _ : capital balance

— ■ # ­

■ : reserves

1 2

3 4

E U R 1 2

USA

2

3

1990

1

1991

JAPAN

(21)

Current balance

Trade balance

Invisibles balance

Capital (net) (1)

Reserves

Errors and omissions

Current balance

Trade balance

Invisibles balance

Capital (net) (1)

Reserves

Errors and omissions

Current balance

Trade balance

Invisibles balance

Capital (net) (1)

Reserves

[image:21.595.61.545.31.475.2]

Errors and omissions

TABLE V - BALANCE OF PAYMENTS: MAJOR ITEMS EUR-12, USA, JAPAN

1989

6,9

2,9

3,9

-13,7

2,9

28,6

-96,8

-105,3

8,5

102,2

-23,2

17,8

51,8

69,9

-18,1

-43,5

11,9

-20,2

1990

-6,4

-2,1

-4,4

36,1

-35,3

39,0

-72,1

-84,6

12,5

23,5

-1,9

50,4

28,4

49,8

-21,4

-18,2

5,7

-16,0

1989

IV

3,2

5,1

-2,0

-28,0

11,3

23,2

-23,3

-27,6

4,3

32,8

-2,8

-6,7

10,5

14,2

-3,7

-7,4

1,4

-4,5

1990

I

EUR-12

-5,3

-0,3

-5,0

20,2

-7,9

-0,1

(Bill)

USA (Billioi

-14,3

-19,5

5,2

5,1

-2,6

11,8

JAPAN

10,2

11,9

-1,7

-15,2

8,6

-3,7

1990 .

II

»n

ECU)

-4,9

-0,5

^ , 4

18,2

-19,1

14,9

ECU)

-16,9

-17,9

1,0

-3,3

0,2

20,0

(Billion ECU)

6,5

11,1

-4,7

-6,0

-0,5

-0,0

1990

III

4,1

0,4

3,6

5,2

-10,5

6,8

-22,5

-24,7

2,2

15,0

1,4

6,1

5,8

13,3

-7,5

0,4

-1,1

-5,1

1990

IV

-0,3

-1,7

1,4

-7,5

2,2

17,4

-18,4

-22,5

4,1

6,7

-0,8

12,5

6,0

13,4

-7,5

2,6

-1,3

-7,2

1991

I

-18,9 '

-10,8 '

-8,1 '

11,5

-11,0

22,5

-0,3

7,6

15,5

-7,8

* Estimates

: Nol available

(1 ) Excluding reserves

(22)

INDIVIDUAL MEMBER STATES

Balance of payments by country (Billion ecu)

ν

: current balance

Q

: capital balance

­%■ ­

: reserves

BLEU: Figures forthe fourth quarter of 1990 showed

some year­on­year improvement on the current ac­

count balance, due essentially to a higher trade

surplus. Outflows of BLEU capital in the third and

fourth quarters of 1990 were well up on the same six

months of the previous year. Fourth quarter reser­

ves ended little changed.

Denmark: The current account balance for the first

three months of 1991 was slightly up on the same

quarterthe year before, continuing the trend of year­

on­year rises set during 1990. However, the factor

behind this increase was not, as during 1990, a

higher trade balance, but rather a significant fall of

the invisibles deficit. Reserves meanwhile de­

creased, the first quarterly decrease since 1989.

Germany: The current balance registered a deficit

of 4.5 billion ecus for the first­quarter of 1991, down

20.1 billion in year­on­year terms. This was mainly

the result of a continued decline on the trade balance

(down 14.3 billion ecus), although the German con­

tribution to the cost of the Gulf war also led to a sharp

increase in the deficit of unrequited transfers. The

resulting changes on capital account have also been

significant, with German capital outflows continuing

to decline sharply, and reserves showing a first quar­

ter fall.

Greece: Despite a substantial increase in the Greek

trade deficit for the first quarter 1991, the current

account deficit was lowerthan that forthe same three

months in 1990. This was due to a year­on­year rise

of 0.8 billion ecus on the invisibles surplus. Greek

official reserves ended the first quarter up 0.4 billion

ecus.

Spain: In the first three months of 1991, the Spanish

current deficit contracted by 1.7 billion ecus in year­

on­year terms, with both trade and invisibles balan­

ces showing improvements.

2

3

4

(23)

France: The first quarter 1991 current deficit was

slightly lower than that for the same period in 1990.

The deficit on visible trade, however, registered a

substantial year-on-year increase. This was

com-pensated for by a higher invisibles balance due

mainly to lower outflows of unrequited transfers

(there having been a particularly large cancellation

of debt in the first quarter of 1990). There was a

modest net inflow of capital in the first three months

of 1991, notable developments being substantial

French purchases of foreign securities and a large

first quarter inflow of direct investment. At the end of

the quarter official reserves showed little change.

Ireland: Ireland's current account balance for the

fourth quarter of 1990 was up on the same three

months of 1989. The year-on-year rise is due

not-ably to a higher surplus on unrequited transfers, the

merchandise trade surplus having decreased in both

third and fourth quarters. On the capital account,

there was a large fourth quarter outflow of capital

emanating primarily from the private non-bank

sec-tor. During the same period, reserves fell by 1.1

billion ecus.

Italy: In the first quarter of 1991, the Italian trade

deficit decreased by 1.7 billion ecus in year-on-year

terms, leading to a similar drop on the current

ac-count deficit. The January-March 1991 invisibles

deficit, which had been rising during 1990, showed

little change on the same period the year before.

After a fall in the fourth quarter, reserves rose by 3.4

billion ecus in the first three months of 1991.

Netherlands: Although the first quarter 1991 trade

deficit was up 0.8 billion ecus on the year before, the

current balance fell slightly due to a drop on the

invisibles balance. During the same quarter, net

outflows of capital were accompanied by a slight

increase in reserves.

Portugal: The Portuguese trade deficit for the first

quarter of 1991 registered an increase of 0.4 billion

ecus on the corresponding period in 1990. The

current balance fell by a similar amount, net

invisi-bles having recorded little movement. Portuguese

official reserves also remained stable in the first

quarter 1991.

United Kingdom: The UK current account deficit was

2.7 billion ecus lower than in January-March 1990

owing to a reduced trade deficit, but this

improve-ment was less marked than that of the preceding six

months. The surplus on invisibles fell only 0.3 billion

ecus in year-on-year terms, but this hid a significant

drop in net investment income (down 1.1 billion ecus)

and a large reduction in net outflows of official

trans-fers (down 1.2 billion, reflecting partners'

contribu-tions towards the cost of the Gulf conflict and

relatively low net payments to the EC). First quarter

capital inflows of 5.3 billion ecus were accompanied

by an increase of 2.3 billion in UK official reserves.

I R L

2 3

1989

1 2 3 4 1 2 3

1989 1990

(24)
(25)

Part 2: EXTERNAL TRADE

Available data in this issue:

May 1991

June 1991

July 1991

(The tables refer to the sta

Analysis and commentary:

Methodological notes:

EUR 12

X

UEBL

X

X

DK

X

X

X

D

X

X

X

GR

Χ

Χ

Χ

Ε

Χ

Χ

Χ

F

Χ

χ

χ

IRL

Χ

ι

χ

χ

χ

NL

Χ

χ

χ

Ρ

χ

χ

χ

e of the CRONOS database on 9. 10. 1991)

Page VII

See Glossarium 1991

As from the beginning of January 1988: SITC, Revision 3

υκ

χ

χ

(26)

Foreword

Two important changes have taken place in 1988 with regard

to the collection of external trade statistics:

(i) The introduction of the Single Administrative Document,

which not only covers trade in Community goods

between Member States but is also intended to be used

for the corresponding formalities in trade with

non-member countries. This simplification of declaration pro­

cedures in the exchange of goods marks an important

step towards completion of the internal market.

(ii) The simultaneous entry into force of a new goods classi­

fication known as the Combined Nomenclature (CN),

which is intended to meet Common Customs Tariff and

statistical requirements alike. This nomenclature is

based on the Harmonized Commodity Description and

Coding System (HS), whose aim is to enhance the world­

wide comparability of external trade statistics.

As a result of both these changes, customs and statistical

departments were faced with a considerable amount of work

until the procedures had been properly introduced and

tested and formed part of normal working practice.

This meant that there were delays in the forwarding of data

in all the Member States. In addition, there was bound to be

a higher quota of errors and corrections, so that the first

month's data are not directly comparable with those of the

preceding year and therefore need to be interpreted with

caution.

In particular, it should be noted that considerable diver­

gences have arisen at subheading level between the Combi­

ned Nomenclature and the formerly used Nimexe, leading to

a break in the goods-related time series between 1987 and

1988. Up to December 1987 this Bulletin used the SITC Rev.

2, which was worked out using the 6-digit Nimexe, while

from January 1988 it uses the SITC Rev. 3, which has been

drawn up using the 8-digit subheadings of the Combined

Nomenclature.

As an aid to interpretation of the statistics, Eurostat has

published in Theme 6 'Foreign Trade, Series E: Methods'

brochures entitled 'Nomenclature of goods, CN-Nimexe cor­

relation tables'. These provide a comparison between the old

and new nomenclatures as well as showing the links bet­

ween the Combined Nomenclature (CN) and its offshoots.

Eurostat will be glad to provide users of European statistics

with any further information or explanations they may require

with regard to these new developments.

Important note

As from October 1990 the foreign trade figures of the Federal Republic of Germany, the other Member States and of EUR 12

concern the Federal Republic of Germany as constituted from 3 October 1990.

In Tables Β and C the reader will find the trade of the Federal Republic of Germany, including West Berlin, as constituted

prior to 3 October 1990.

(27)

Table of contents

Commentary

Charts

General summary of trade by country:

Tab. 1: Yearly and quarterly data .

Tab. 2: Monthly data

General summary of trade by commodities:

Tab. 3: Yearly and quarterly data

Tab. 4: Monthly data

Trends in trade by country:

Tab. 5

Tab. 6

Tab. 7

World, intra- and extra-EC . . .

Intra-EC by member countries

Major areas

Trends in trade by commodities:

Tab. 8: SITC sections

Trade by partner countries:

Tab. 9: All commodities (monthly cumulative data)

Tab. 10: SITC sections and main partner countries (quarterly cumulative data)

Indices:

Tab. 11: Volume and unit value indices

Trade of main non-Community countries:

Tab. 12: Trends in total trade and with the EC (EUR 12)

Conversion rates:

Tab. 13: Member countries, United States of America, Japan and Switzerland

EC trade in agricultural products:

Tab. 14: Main product groups

Tab. 15: Products subject to common agricultural policy regulations

EC trade in petroleum products:

Tab. 16: Petroleum and petroleum products

EC and world trade:

Tab. A: World, Community and main non-Community countries

Trade of the FR of Germany, including West Berlin, as constituted prior to 3 October 1990:

Tab. B: Trade by countries

Tab. C: Trade by products

VII

XXIX

2

5

8

11

16

24

30

52

92

100

102

106

Catalogue of regular publications of external trade

108

109

112

188

Symbols and abbreviations used

EUR 12: Total of the EC member countries

UEBL: Belgo-Luxembourg Economic Union

DK: Denmark

D: Federal Republic of Germany

GR: Greece

E: Spain

F: France

IRL: Ireland

I: Italy

NL: Netherlands

P: Portugal

UK: United Kingdom

USA: United States of America

0: Data less than half the unit used

Mio: Million

Mrd: 1 000 million

ECU: European currency unit

Eurostat: Statistical Office of the European Communities

SITC: Standard International Trade Classification

(28)
(29)

Trade of the EC with the United States of America

Mio ECU

2 400

2 200

2 000

1 800

1 600

1 400

1 200

Mio ECU

14 000

1 000

800

600

400

200

Oils and fats Cereals Wine Tobacco Fresh fruit and Live swine Fish

vegetables and meat

Rice

(30)

TRADE OF THE EG BT MAJOR COUNTRIES

MIO ECU

Impor te

E x p o r t β

3000

2500

2000

1750

1500

1250

1000

— -•y

—\^Λ

Χ

/

\ y '

, , 1

Sweden

\ X/'

i

*■· ·» — ^ ~ "* "

ι Ι ι ι

1989

1990

1991

3000

2500

2000

1750

1500

1250

1000

Swi tze rI a n d

1989

1990

1991

5000

4500

4000

3500

3000

2500

2000

1750

1500

s

s

*

y.

/**­>^/

^""^

ι ι I ι ι Ι ι ι Ι ι ι

J a p a n

ι ι I ι ι Ι ι ι Ι ι ι

Λ

/ *

/

v

ι ι I ι ι Ι ι

­

ι Ι ι ι

1989

1990

1991

5000

4500

4000

- 3500

3000

- 2500

2000

1750

1500

1250

eurostat

(31)

TRADE OF THE EC BY MAJOR COUNTRIES

MIO ECU

" I m p o r t s

E x p o r t β

Aus t r i a

3000

2500

2000

1500

, .

1200 —

1000

\

/

ν

Ι

ι

ι

Ι

ι

ι

Ι

ι

ι

Ι

ι

ι

I

ι

ι

Ι

ι

ι

Ι

ι

— 3000

2500

2000

ι Ι ι ι Ι ι ι Ι

1500

1200

1000

1989

1990

1991

N o r w a y

1989

1990

1991

Sov i e t Un I on

1989

1990

1991

\3ñ

eurostat

(32)

GENERAL SUMMARY

of EC trade by country

Values in Mio ECU

1 0 0 0 1 0 1 0 1011 1 0 2 0 1021 1 0 2 2 1 0 2 3 1 0 2 8 1 0 3 0 1031 1 0 3 2 1 0 3 3 1 0 3 8 1 0 6 0 1 0 7 0 1 0 9 0 1051

1 0 5 3

1 0 5 7

1 0 5 8

024 028 030 032 036 038 043 046 048 052 056 060 062 064 066 068 204 208 212 216 220 248 268 272 ' 2 7 6 288 302 314 318 322 330 346 352 372 373 382 388 400 404 412 436 442 448 458 462 464 460 484 496 500 504 508 512 520 524 528 600 604 608 616 624 628 632 640 644 647 649 653 662 664 666 669 680 700 701 706 708 720 728 732 736 740 800 804 809 996 Partner countries

W O R L D

Intra­tC ( E U R 1 2 ) E x t r a - E C

Class 1

E F T A

Other W e s t . Europe U S A a n d C a n a d a Other class 1

Class 2

A C P (68 countries) D O M

T O M Other class 2

Class 4 Class 5 Miscellaneous

Mediterranean Basin O P E C

A S E A N Latin America

Main countries :

I c e l a n d

Norway

S w e d e n Finland Switzerland Austria Andorra Malta Yugoslavia Turkey Soviet Union Poland Czechoslovakia H u n g a r y R o m a n i a Bulgaria

M o r o c c o Algeria Tunisia Libya Egypt Senegal Liberia Ivory Coast G h a n a Nigeria C a m e r o o n G a b o n C o n g o Zaire Angola K e n y a Tanzania Reunion Mauritius Z i m b a b w e South Alrica (1)

United States ol America C a n a d a

Mexico Costa Rica P a n a m a C u b a Guadeloupe Martinique Jamaica Colombia Venezuela French Guiana Ecuador Peru Brazil Chile Paraguay U r u g u a y Argentina

C y p r u s L e b a n o n Syria Iran Israel Jordan Saudi Arabia Bahrein Qatar

United Arab Emirates O m a n

Y e m e n Pakistan India Bangladesh Sri Lanka Thailand Indonesia Malaysia Singapore Philippines China South Korea Japan Taiwan Hong Kong

Australia N e w Zealand N e w Caledonia and dep.

Inter-zone trade

1988

9 3 0 S 9 4 5 4 0 8 3 3 3 8 7 8 9 1 2 3 8 8 9 8

90 653 10 907 76 765 60 573 116 617 17 541 1 3 6 3 740 96 973

2 3 4 8 7 7 4 8 6 1 8 6 9

30 196 31 851 12 203 23 047 731 12 507 21 965 8 996 29 572 16 881 29 390 5 892 4 346 12 990 3 361 2 211 2 158 2 234 462 2 271 4 864

1 527 5 223

1 646 384 679 1 615 497 2 876 1 105 1 092 403 1 284 713 532 183 128 667 603 12 528 68 349 8 415 2 466 355 400 374 133 166 208 1 322 1 155 28 328 684 9 329 2 187 366 884 2 624 400 112 421 3 106 2 885 121 5 470 109 68 649 316 1 230 3 266 371 349 2 966 2 134 2 687 2 993

1 209 7 005 7 240 41 618 8 067 6 317

4 881

1 546

246

3 273 1989

1 0 7 3 5 5 2 6 2 4 4 8 8 4 4 6 7 1 6 2 7 0 8 9 3

102 589 13 436 93 472 61 396 137 113 19 597 1 4 1 3 878 115 225

27 3 4 8 9 715 2 3 4 7

37 174 40 843 15 173 26 047 779 15 365 25 406 9 918 32 029 19 092 33 568 6 997 5 536 15 166 3 858 2 558 2 587 2 548 531 2 674 5 848 1 980 6 304 2 441 413 1 055 1 622 642 3 472

1 096 1 002 569

1 348 538 588 207 110 718 752 8 185 83 660 9 812 2 760 397 401 •133 122 169 301 1 525 1 559 72 326 1 0 4 0 10 446 2 752 427 659 2 787 524 101 775 5 352 3 197 102 6 666 98 121 1 553 144 1 271 4 181 427 419 3 362 2 553 3 507 4 023 1 325 9 149 6 953 46 337 9 259 6 432 5 271

1 602

327

3 481 1990

1 1 2 9 0 5 5 6 6 3 7 9 7 4 6 2 7 2 0 2 7 6 3 8 0

108 597 14 648 94 591 58 545

143 9 4 8

20 125 1 5 8 8

712 121 523

2 9 2 1 6 11 0 9 5

2 538 42 298 44 982 16 748 25 356 936 16 465 25 432 10 438 34 338 20 989 36 649 7 684 5 943 16 749 5 278 2 786 3 004 1 617 593 3 043 6 940 2 250 7 888 2 299 411 702 1 677 730 4 386

1 379

1 095 602

1 142

1 092 520 177 125 756 577 5 929 85 182 9 409 2 947 433 490 325 97 194 278 1 465 1 784 75 354 803 9 203 2 617 445 567 3 474 581 97 1 239 5 798 3 467 92 8 224 90 74 1 509 153

1 461

4 553 501 440

4 105 2 863 3 606 4 694 1 257 10 603 6 557 46 224 9 159 5 916 4 822 1 569 185 4 032 I

2 5 9 7 3 7 1 5 0 9 1 4 1 0 8 3 2 4 6 6 2 3 6

2 4 9 7 9 3 472

23 285 14 500

3 3 1 3 9

4 713

424

188 2 7 814

6 2 6 6 2 2 6 9 499 8 967 9 731 3 769 5 979 191 3 633 6 301 2 467 7 822 4 565 6 149 1 790 1 454

3 472

903 585 586 600 134 650

1 342 495 1 322 560 93 279 397 168 847 290 175 126 314 163 142 67 33 141 186

1 972 20 947 2 338 674 98 86 115 49 46 57 388 334 8 72 214 2 330 690 33 222 602 152 33 118 1 394 847 25 1 769 29 21 455 62 350 1 098 105 98 891 652 851 829 361 2 127

1 771

10 877 2 200 1 592 1 319 332 89 820 1989 II 2 7 8 7 0 4 1 6 2 1 7 0 1 1 5 9 2 9 71 5 7 6

26 695 3 335 25 309 16 238

34 329

4 912

369 228 2 8 8 2 0

7 2 8 6 2 3 3 7

606 9 508 9 812 3 666 7 041 194

3 971

6 753 2 608 8 247

4 922

7

136 1 751

1 366

4 129 1 015 649 618 696 126 678 1 638 470 1 569 625 110 227 437 138 782 290 255 133 364 86 159 59 33 177 180 2 191 22 600 2 708

747 118 118 115 29 ■III 82 387 ■153 22 108 336 2 804 765 116 1 11 678 142 21 221 1 058 824 27 1 307 24 36 274 25 319 1 132 109 107 845 637 839 1 010 319 2 187 1 710 12 174 2 383 1 462

1 411

■161

97 860

I m p o III 253 1 7 8 144 712 107 785 63 7 1 7 23 808 3 133 21 441 15 335 34 464 4 782 280 234 29 168 6 565 2 636 682 8 919 9 8

Figure

TABLE I - TRADE BALANCE, IMPORTS AND EXPORTS (1)
TABLE II ­ EUR­12 TRADE BALANCE AND TRADE FLOWS BY MAIN PARTNERS (1)
TABLE IV - EXTRA - AND INTRA - EC TRADE BALANCE (1 )
TABLE V - BALANCE OF PAYMENTS: MAJOR ITEMS EUR-12, USA, JAPAN

References

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