The January 20112 balance was -15.6bn, compared with -10.4bn in January 2010. In February 2011 compared with January 2011, seasonally adjusted exports rose by 1.6% and imports by 1%.

The first estimate for the February 2011 extra-EU27 trade balance was a €9.6bn deficit, compared with -7.5bn in February 2010. In January 20112 the balance was -30.2bn, compared with -23.4bn in January 2010. In February 2011 compared with January 2011, seasonally adjusted exports rose by 0.7%, while imports fell by 0.2%.

These data are released by Eurostat, the statistical office of the European Union.

EU27 January 2011 detailed results
The EU27 deficit increased for energy (-32.2bn euro in January 2011 compared with -22.3bn in January 2010), while the surplus for manufactured goods rose (+6.5bn compared with +1.9bn).

EU27 trade with all its major partners grew in January 2011 compared with January 2010. The most notable increases were recorded for exports to Turkey (+53%), Russia (+49%), India (+42%) and Norway (+41%), and for imports from Norway (+39%), Brazil (+38%), Russia (+33%) and China (+31%).

The EU27 trade surplus increased with the USA (+4.1bn euro in January 2011 compared with +2.8bn in January 2010) and Turkey (+1.2bn compared with +0.3bn), and remained stable with Switzerland (+1.2bn). The EU27 trade deficit increased with China (-15.7bn compared with -12.3bn), Russia (-9.4bn compared with -7.6bn), Norway (-4.3bn compared with -3.1bn) and Japan (-2.1bn compared with -1.7bn), but fell with South Korea
(-0.8bn compared with -1.3bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+10.1bn euro in January 2011), followed by the Netherlands (+3.2bn) and Ireland (+2.7bn). The United Kingdom (-11.1bn) registered the largest deficit, followed by France (-8bn), Italy (-6.6bn), Spain (-4.9bn), Greece
(-2.2bn) and Portugal (-1.3bn).