Global Economic Indicators: Eurozone Trade January 15, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents Total Eurozone Trade 1 Trade Balances By Country 2-4 Exports & Imports By Country 5-7 Exports 8 January 15, 218 / Eurozone Trade www.
Total Eurozone Trade 4 35 Figure 1. EUROZONE: TRADE BALANCE (billion euros, nsa, annualized) 4 35 3 3 25 2 Total 25 2 15 15 1 1 5 5-5 -5-1 -1-2 -25 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Source: Statistisches Bundesamt. -2-25 2.4 2.2 Figure 2. EUROZONE: EXPORTS & IMPORTS (trillion euros, 3-month average, saar, ratio scale) 2.4 2.2 2. 2. 1.8 Exports Imports 1.8 1.6 1.6 1.4 1.4 1.2 1.2 1. 1..8 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Source: Statistisches Bundesamt..8 Page 1 / January 15, 218 / Eurozone Trade www.
4 35 3 25 2 15 1 5-5 5 25-25 -5-75 -1-125 1 Figure 3. EUROZONE: TRADE BALANCE (billion euros, nsa, annualized) Trade Balances By Country Germany 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 France 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 4 35 3 25 2 15 1 5-5 5 25-25 -5-75 -1-125 1 5 Italy 5-5 -5-1 25-25 -5-75 -1-125 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Spain 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-1 25-25 -5-75 -1-125 Page 2 / January 15, 218 / Eurozone Trade www.
1 5 Figure 4. EUROZONE: TRADE BALANCE (billion euros, nsa, annualized) Trade Balances By Country Austria 1 5-5 -1-2 6 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-5 -1-2 6 45 3 Belgium 45 3 15 15-3 3 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-3 3 15 Finland 15 1-1 -2-3 -4-5 -6 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Greece 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1-1 -2-3 -4-5 -6 Page 3 / January 15, 218 / Eurozone Trade www.
Trade Balances By Country 6 5 Figure 5. EUROZONE: TRADE BALANCE (billion euros, nsa, annualized) Ireland 6 5 4 4 3 3 2 2 1 5 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Luxembourg 1 5-5 -5-1 -1 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1 8 Netherlands Oct 8 6 6 4 4 2 2 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Portugal 1-1 -1-2 -2-3 -4 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-3 -4 Page 4 / January 15, 218 / Eurozone Trade www.
Exports & Imports By Country 14 12 Figure 6. EUROZONE: EXPORTS & IMPORTS (billion euros, saar) Germany 14 12 1 1 8 8 6 Exports Imports 6 4 6 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 4 6 5 France 5 4 4 3 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 3 47 47 43 39 35 31 27 23 35 Italy 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 43 39 35 31 27 23 35 3 Spain 3 25 25 2 2 15 15 1 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1 Page 5 / January 15, 218 / Eurozone Trade www.
2 19 18 17 16 15 14 13 12 11 1 9 8 43 Figure 7. EUROZONE: EXPORTS & IMPORTS (billion euros, saar) Exports & Imports By Country Austria Exports Imports 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 2 19 18 17 16 15 14 13 12 11 1 9 8 43 39 35 Belgium 39 35 31 31 27 27 23 23 19 7 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 19 7 6 Finland 6 5 5 4 4 3 8 6 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Greece 3 8 6 4 2 4 2 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Page 6 / January 15, 218 / Eurozone Trade www.
13 12 11 1 9 8 7 6 5 4 28 24 Figure 8. EUROZONE: EXPORTS & IMPORTS (billion euros, saar) Exports & Imports By Country Ireland Exports Imports 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Luxembourg 13 12 11 1 9 8 7 6 5 4 28 24 2 2 16 12 16 12 8 6 55 5 45 4 35 3 25 2 8 7 6 5 4 3 2 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Oct Netherlands 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Portugal 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 8 6 55 5 45 4 35 3 25 2 8 7 6 5 4 3 2 Page 7 / January 15, 218 / Eurozone Trade www.
4 Figure 9. Exports EXPORTS TO EUROZONE FROM SELECTED COUNTRIES (6-month average, billion dollars, annual rate, nsa) 4 3 China Exports to Eurozone US Exports to Eurozone Japan Exports to Eurozone 3 2 2 1 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Source: Haver Analytics. Page 8 / January 15, 218 / Eurozone Trade www.
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