by KG/EUROPA The first estimate for the euro area (EA18) trade in goods balance with the rest of the world in November 2014 gave a €20.0 billion surplus, compared with +€16.5 bn in November 2013. The October 2014 balance was +€23.6bn, compared with +€16.5 bn in October 2013. In November 2014 compared with October 2014, seasonally adjusted exports increased by 0.2% while imports remained stable. These data are released by Eurostat, the statistical office of the European Union. The first estimate for the November 2014 extra-EU28 trade balance was a €10.1 bn surplus, compared with +€2.5bn in November 2013. In October 2014 the balance was +€7.4 bn, compared with +€4.1 bn in October 2013. In November 2014 compared with October 2014, seasonally adjusted exports rose by 0.9% while imports fell by 1.1%. EU28 detailed results for January to October 2014 The EU28 deficit for energy decreased (-€286.7 bn in January-October 2014 compared with -€318.3 bn in January October 2013), as did the surplus for machinery and vehicles (+€213.4 bn compared with +€228.2 bn). The highest increases in EU28 exports were registered with China (+11% in January-October 2014 compared with January-October 2013), South Korea (+10%) and the United States (+6%), and for EU28 imports with South Korea (+9%), China (+8%) and Turkey (+7%). The most notable decreases were recorded for exports to Switzerland (-20%), Russia (-12%) and Brazil (-8%), and for imports from Russia (-9%), Norway (-7%) and Brazil (-5%). The EU28 trade surplus increased with the USA (+€86.5 bn in January-October 2014 compared with +€78.1 bn in January-October 2013), but decreased with Switzerland (+€34.0 bn compared with +€66.1 bn) and Turkey (+€16.5 bn compared with +€23.2 bn). The EU28 trade deficit fell with Russia (-€68.6 bn compared with -€72.5 bn) and Norway (-€28.1 bn compared with-€33.4 bn), while it increased with China (-€114.7 bn compared with -€110.6 bn). Concerning the total trade of Member States, the largest surplus was observed in Germany (+€183.6 bn in January-October 2014), followed by the Netherlands (+€50.6 bn), Italy (+€33.6 bn), Ireland (+€29.2 bn) and the Czech Republic (+€14.1 bn). The United Kingdom (-€114.5 bn) registered the largest deficit, followed by France (-€60.5 bn), Spain (-€21.5 bn) and Greece (-€17.4 bn).
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