Trade in goods between the 27 EU member states and 53 African countries

Nov 29, 2010 12:00 AM

On the occasion of the third EU-Africa Summit, Eurostat, the statistical office of the European Union, issued data on trade in goods between the 27 Member States of the EU and 53 African countries.

Africa accounts for 9 % of EU27 trade
After six years of steady growth, the EU27 trade in goods with Africa dropped in 2009, with exports falling by 10 % and imports by one third, compared with 2008.
As a result, the EU27 deficit in trade with Africa, which reached a peak of EUR 40 bn in 2008, turned into a small surplus of EUR 1 bn in 2009.

The first nine months of 2010 showed a renewed growth in EU27 trade with Africa. Exports rose from EUR 79 bn in the first nine months of 2009 to EUR 90 bn in the same period of 2010, and imports from EUR 79 bn to EUR 96 bn.
As a result, the EU27 trade balance with Africa moved from in balance in the first nine months of 2009 to a deficit of EUR 6 bn in the same period of 2010. In the first nine months of 2010, Africa accounted for 9 % of the EU27's total trade in goods.

France, Italy and Germany account for more than half of EU27 trade with Africa

Among the EU27 Member States, the largest exporters to Africa in the first nine months of 2010 were France (EUR 20 bn or 22 % of EU27 exports), Germany (EUR 15 bn or 17 %) and Italy (EUR 13 bn or 14 %). Italy (EUR 22 bn or 23 % of EU27 imports), France (EUR 16 bn or 17 %), Spain (EUR 15 bn or 16 %) and Germany (EUR 11 bn or 12 %) were the largest importers.
The largest deficits in the first nine months of 2010 were registered by Italy (EUR -9 bn) and Spain (EUR -7 bn), while Germany (EUR +4 bn), France (EUR +3 bn) and Sweden (EUR +2 bn) had the biggest surpluses.

Machinery and vehicles accounted for 40 % of EU27 exports to Africa in the first nine months of 2010, while energy made up nearly 60 % of EU27 imports.
At the detailed level, the main EU27 exports included petrol, medicine and cereals, while the main imports from Africa included oil, gas and diamonds.

South Africa, Algeria and Libya are the main African trading partners of the EU27
Among the African countries, South Africa (EUR 16 bn or 17 % of the total) was the leading destination for EU27 exports in the first nine months of 2010, followed by Algeria and Egypt (both EUR 11 bn or 12 %), Morocco (EUR 10 bn or 11 %), Tunisia and Nigeria (both EUR 8 bn or 9 %).
The leading source of EU27 imports from Africa was Libya (EUR 20 bn or 21 %), followed by Algeria (EUR 16 bn or 16 %), South Africa (EUR 14 bn or 14 %) and Nigeria (EUR 10 bn or 10 %).

The largest EU27 deficits in trade in the first nine months of 2010 were recorded with Libya (EUR -15 bn), Algeria (EUR -4 bn), Nigeria (EUR -2 bn), Equatorial Guinea and Ivory Coast (both EUR -1 bn), and the highest surpluses with Egypt (EUR +6 bn), Morocco (EUR +4 bn), South Africa (EUR +2 bn), Senegal and Tunisia (both EUR +1 bn).

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