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Economics Gazette

Economy and Business news

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October 19, 2017

Trade

Eurozone trade balance

Eurozone trade balance continues to be positive in August 2017

Eurozone trade balance continues to be positive in August 2017 at a level of 16.1 billion EUR, although it is slightly slowing on an annual basis. For comparison, in August 2016, it was 17.5 billion EUR, according to Eurostat’s preliminary seasonally unadjusted data. The single currency area has exported goods to the rest of the

Chinese imports

Chinese imports reported an increase of 18.7% in September 2017

Chinese imports reported an increase of 18.7% yoy in September 2017 to 169.6 billion USD, according to the customs official data. Thus, September is the eleventh consecutive month of growth in imports. The market expectations were for more modest increase of 13.5%. Exports also grew more strongly by 8.1% yoy, but failed to reach the

eggs export

Netherlands is the largest eggs exporter in the EU

In 2016, EU countries exported eggs worth a total of 960 million EUR and 90% of the deliveries were directed to another union’s country. Making a short calculation shows that EU countries traded with eggs for 866 million EUR. The largest exporter of eggs in the EU is the Netherlands, which accounts for almost 40%

German trade surplus

German trade surplus expanded in August 2017

German trade surplus expanded in August, as the export growth outpaced the rise in imports. The growing trade surplus adds a new evidence that the largest European economy was strong in the third quarter. The seasonally adjusted exports increased by 3.1% in the month, while imports grew by 1.2% compared with July, according to data

Eurozone retail sales

Eurozone retail sales shrank by 0.5% in August 2017

Eurozone retail sales shrank by 0.5% on a monthly basis in August 2017, according to the latest data from the European Statistics Office Eurostat. The decrease was mainly due to the decrease of the sales of fuels, which dropped by 0.9% in the month, as well as of non-food goods, which decreased by 0.4%. For

EU-Mexico trade

EU and Mexico finished their fifth round of trade negotiations

EU and Mexico finished their fifth round of trade negotiations with good progress made, reaching agreement on 21 points, including trade in goods and services, as well as sustainable development. The talks, which took place in Brussels at the end of September, focused on the proposals for the trade chapter as well as on the

import trade

European Union introduces electronic system for obtaining import permits

European Union introduces electronic system for obtaining import permits, which will cover all the member states, revealed the European Commission. The system is active today and will contribute to faster deliveries and lower prices for consumers during the customs operations. Traders will have access to 22 different application forms on the system portal. The procedure

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