The EU keeps its trade surplus with the US

July 16, 2018 10:51 amComments Off on The EU keeps its trade surplus with the US
The EU keeps its trade surplus with the US

Eurozone reports trade surplus with the rest of the world in May, slightly slowing growth on an annual basis, reaching 16.5 billion EUR. For comparison, in May 2017, it amounted to 19.3 billion EUR. The countries from the single currency union have exported goods to the rest of the world (including the other non-Eurozone EU Member States) for 189.6 billion EUR, representing a growth of 0.8% yoy. At the same […]

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Bulgaria’s trade deficit almost doubled in January-May 2018

10:39 amComments Off on Bulgaria’s trade deficit almost doubled in January-May 2018
Bulgaria’s trade deficit almost doubled in January-May 2018

Bulgaria’s trade deficit with non-EU countries almost doubled on annual basis in the period January-May 2018, according to Eurostat’s preliminary seasonally unadjusted data. For the first five months, it amounted to 1.3 billion EUR, while for the same period last year it was 700 million EUR. The exports to third countries shrank by 17% to 3 billion EUR over the period, while imports decreased by just 2% to 4.3 billion […]

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The EC is looking for ways to change the WTO

7:31 amComments Off on The EC is looking for ways to change the WTO
The EC is looking for ways to change the WTO

The European Commission has proposed options to overcome the US administration’s concerns about the way the World Trade Organization (WTO) is working, trying to prevent the growing crisis in its dealings with the United States. “The WTO’s dispute resolution function is in great danger and quick action is needed by its members to preserve it”, says a document of the European Commission. The text dated July 5 was circulated to […]

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China’s trade surplus with the United States rose to record levels in June

July 13, 2018 1:59 pmComments Off on China’s trade surplus with the United States rose to record levels in June
China’s trade surplus with the United States rose to record levels in June

China’s monthly trade surplus with the United States rose to record levels in June and exports to the country have also risen, highlighting the cause of the escalating trade war between the two largest economies in the world. China’s trade surplus with the US amounted to 28.97 billion USD in June, which is the highest monthly amount since at least 1999. The exports have risen to 42.62 billion USD, which […]

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Russia is among the most important trading partners of the EU

1:46 pmComments Off on Russia is among the most important trading partners of the EU
Russia is among the most important trading partners of the EU

Russia is the third most important trading partner of the European Union (EU) in 2017 in terms of imports with a share of 7.8% of the total EU imports, according to Eurostat data. Russia is also the fourth most important export partner (with share of 4.6%). From 2008 to 2017, the EU has reached a trade deficit with Russia (as it imports more than it exports). The deficit in 2017 […]

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