6-09062015-BP-EN.pdf

6-09062015-BP-EN.pdf - 100/2015 9 June 2015 EU –...

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100/2015 - 9 June 2015 EU Community of Latin American and Caribbean States (CELAC) summit CELAC represents the fifth most important trading partner of the EU M ore than €200 bn total trade The 28 Member States of the European Union (EU) and the 33 Latin American and Caribbean countries of the CELAC 1 are home to more than one billion people. CELAC countries also represent a major trading partner for the EU. After a significant decrease in 2009 following the financial crisis, the value of EU imports of goods from CELAC recovered to a new peak of €112.3 bn in 2012 and then fell to stand at €98 .6 bn in 2014. Exports, which also declined in 2009, then recovered more strongly to reach a peak of 117.5 bn in 2013, before decreasing to €11 0.6 bn in 2014. As a result, the EU trade balance with CELAC , which moved into surplus in 2012, stood at + €12.0 bn in 2014. Over the last ten years, the share of CELAC in extra- EU imports remained almost stable at 5.9%, while its share in exports grew from 5.4% in 2004 to 6.5% in 2014. Together, CELAC countries would have been in 2014 the EU ’s fifth most important trading partner, behind the United States, China, Russia and Switzerland. Evolution of EU exports and imports of goods with CELAC, 2004-2014 (in billion) 0 20 40 60 80 100 120 140 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Exports Imports On the occasion of the second European Union CELAC summit 2 , which will take place on 10 and 11 June in Brussels, Eurostat , the statistical office of the European Union , issues data on trade in goods between the CELAC members and the EU . Manufactured goods dominate EU exports, primary goods prevail in EU imports EU exports of goods to CELAC are clearly dominated by manufactured goods, which accounted in 2014 for 87% of total EU exports to CELAC . Conversely, primary goods made up 66% of EU imports from CELAC in 2014. As a result, the 67.8 bn surplus recorded by the EU in 2014 for its trade of manufactured goods with CELAC is largely offset by a €54.6 bn deficit in primary goods.
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