A EU27 external trade deficit of 34 bn euro with Japan in 2007
Between 2000 and 2007, EU27 exports of goods to Japan fell slightly in value, from 45,5 bn euro to 43,7 bn, while EU27 imports from Japan decreased by 15%, from 92,1 bn to 77,9 bn, as a result
the EU27 deficit in trade with Japan declined from 46,6 bn in 2000 to 34,2 bn in 2007.
The share of Japan in the EU27’s total external trade in goods has fallen by a third between 2000 and 2007. In 2007, Japan accounted for 4% of EU27 exports and 6% of EU27 imports, and was the
EU27’s fifth most important trading partner. On the occasion of the European Union – Japan summit, which will take place on Wednesday 23 April 2008 in Tokyo, Eurostat, the Statistical Office of
the European Communities, issues data on trade in goods and services and FDI flows between the EU and Japan.
Germany and United Kingdom largest EU traders with Japan Among the EU27 Member States, Germany was by far the largest exporter to Japan in 2007, with 13.0 bn euro, or 30% of
the total, followed by France (5.8 bn or 13%), the United Kingdom (5.5 bn or 13%) and Italy (4.3 bn or 10%). Germany (18.2 bn or 23%) was also the largest importer, followed by the United
Kingdom (11.3 bn or 15%) and the Netherlands1 (11.1 bn or 14%).
Most Member States recorded trade deficits with Japan in 2007. The largest were observed in the Netherlands1 (-8.5 bn), the United Kingdom (-5.8 bn), Germany (-5.2 bn), Belgium1 (-4.9 bn) and
Spain (-3.4 bn). The only significant surpluses were registered in Denmark ( 0.8 bn) and Ireland ( 0.7 bn). More than a third of EU27 exports to Japan in 2007 were machinery and vehicles2 and a
quarter were other manufactured articles2, while machinery and vehicles accounted for three quarters of imports. At the detailed level, the main EU27 exports to Japan were motor cars, medicine
and pork while the main imports were motor cars and parts, printers and digital cameras.