Sunday, 27th January 2013
EU27 trade in goods with CELAC in balance in the first nine months of 2012
EU27 international trade in goods with the Community of Latin American and Caribbean States (CELAC) has been characterised in recent years by steady growth between 2003 and 2008, a sharp decline in 2009 and a strong recovery since then. EU27 exports to CELAC rose from 66 billion euro in 2009 to 90 bn in 2010 and 101 bn in 2011. Imports increased from 75 bn in 2009 to 96 bn in 2010 and 113 bn in 2011. Between 2003 and 2011, the EU27 has always recorded a trade deficit with CELAC, amounting to 12 bn in 2011.
The first nine months of 2012 showed continued growth in EU27 trade with CELAC, with exports growing faster than imports. Exports rose by 16%, from 75 bn in the first nine months of 2011 to 87 bn in the same period of 2012, while imports increased by 2%, from 85 bn to 87 bn. As a result, EU27 trade with CELAC was in balance in the first nine months of 2012, compared with a deficit of 10 bn in the same period of 2011. In the first nine months of 2012, CELAC accounted for just under 7% of EU27 exports and imports.
On the occasion of the European Union - CELAC summit...on 26 January 2013 in Santiago de Chile, Eurostat, the statistical office of the European Union, issues data on trade in goods and services between the 33 members of CELAC and the 27 Member States of the EU.
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By Adrian Janes
Having begun his career in academic libraries, Adrian Janes is currently an Information Services Librarian with the London Borough of Havering.
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