EU28 trade in goods deficit with Japan decreased to 2.5 bn euro in 2013 Surplus of 9.2 bn euro in trade in services

EU News 203/2014

STAT/14/73
6 May 2014

Over the last decade, EU28 international trade in goods with Japan is characterised by a regular fall in the share of Japan in the EU28's total trade in goods, more significant for imports than for exports, and a significant decline in the deficit. The share of imports in the EU28 from Japan more than halved, from 7.9% in 2002 to 3.4% in 2013, and the share of EU28 exports to Japan fell from 4.9% to 3.1%. In 2013, Japan was the 7th most important trading partner of the EU28, compared with 4th in 2002.

In 2013, EU28 exports to Japan fell slightly compared with 2012 from 55.6 bn euro to 54.0 bn, while imports decreased more strongly, from 64.7 bn to 56.5 bn. Consequently, the EU28 trade deficit with Japan also fell significantly, from 9.2 bn in 2012 to 2.5 bn in 2013.

Source and additional information:
http://europa.eu/rapid/press-release_STAT-14-73_en.htm?locale=en

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