EU27 current account deficit 14.6 bn euro
Summary: According to the latest revisions, the EU27 external current account recorded a deficit of 14.6 billion euro in the second quarter of 2007, compared with a deficit of 18.9 bn in the second quarter of 2006 and a deficit of 28.1 bn in the first quarter of 2007.
Russia third trade partner of the EU27
Summary: Russia is the EU27's third most important trading partner, after the USA and China, accounting for 6.2% of EU27 exports and 10.4% of EU27 imports in 2006, compared to 2.7% and 6.4% respectively in 2000. The EU27 deficit in trade with Russia increased from 41 billion euro in 2000 to 69 bn in 2006. This increased deficit was due to imports of energy, which rose from 36 bn in 2000 to 94 bn in 2006, while exports of machinery and vehicles increased from 8 bn in 2000 to 34 bn in 2006.
