Eurostat

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BoP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of a economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, income, current transfers), but also on transactions which fall in the capital and the financial account. BoP is an important macro-economic indicator used to assess the position of an economy (of credit or debit) towards the external world. Data on International Trade in Services (ITS), a component of BoP current account, are used, alongside with data on Foreign Direct Investment (a component of BoP financial account), to monitor the external commercial performance of different economies. Balance of Payments data are used for calculation of indicators needed for monitoring of macroenomic imbalances such as share of main BoP and International Investment Position (IIP) items in GDP and export market shares calculated as the EU Member States' shares in total world exports. Out of BoP data, some indicators of EU market integration are also derived. Data are in millions of Euro/ECU and in millions of national currency. Several statistical adjustments are applied to the original data provided by the Member States. These are described in the International Trade in Services EU 1992-2001 - Compilation guide. The International Monetary Fund Balance of Payments Manual (BPM5) classification is used for the compilation of the BoP. The BoP data are collected through national surveys and administrative sources.

The Balance of Payments (BOP) systematically summarizes all economic transactions between the residents and the non-residents of a country or of an economic area during a given period. The Balance of payments provides harmonized information on international transactions which are part of the current account (goods, services, primary and secondary income), as well as on transactions which fall in the capital and the financial account. International investment position presents value of financial assets owned outside the economy and indebtedness of the economy to the rest of the world. BOP is an important macro-economic indicator used to assess the position of an economy (of credit or debit for current and capital acount, net acquisition of financial assets or net incurrence of liabilities for BOP financial account and international investment position) towards the external world. Out of BOP data, some indicators on international position of the EU and Member States are derived. Indicators on Main Balance of Payments and International Investment Position items as share of GDP are presented as percentage of GDP for given year or quarter and moving average for 3 consecutive years for:balance, credit and debit flows of current and capital accounts and of main current account  items: goods, services, primary and secondary income,net flows, net acquisition of financial assets and net incurrence of liabilities for total financial account and foreign direct investment, international investment position and net external debt at the end of reference quarter or year.   Indicators on export market shares present shares of each EU Member State in total world exports of goods and services for given year, and 1-year and 5-year percentage changes of these shares, as well as shares in OECD exports and 5-year percentage changes of these shares.

ANNUAL Annual data on quantities for crude oil, petroleum products, natural gas and manufactures gases, electricity and derived heat, solid fossil fuels, renewables and wastes covering the full spectrum of the energy sector from supply through transformation to final consumption oby sector and fuel type. Also, annual imports and exports data of various energy carriers by country of origin and destination, as well as infrastructure information. Data on annual statistics are collected by standard questionnaires according to Annex B of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   MONTHLY The monthly energy data collections cover the most important energy commodities: Crude oil & Petroleum productsNatural gasSolid fuelsElectricity For each of the above mentioned commodities the inflowing data are delivered by the reporting countries to Eurostat via separate dedicated questionnaires. Data on monthly statistics are collected by standard questionnaires according to Annex C of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   SHORT-TERM MONTHLY Short-term monthly energy data collections cover the most important energy commodities: Oil & petroleum productsNatural gasElectricity Short-term monthly data provides information on main flows (quantities) on the supply side. Data on monthly short term statistics are collected by standard questionnaires according to Annex D of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics

International trade statistics cover any movements of goods between the EU Member States and non-member countries (extra-EU trade), and from one Member State to another (intra-EU trade). Goods are physical, produced items over which ownership rights can be established and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. The product breakdowns available in Newcronos/Euro-indicators are based on aggregates derived from the Broad Economic Categories (BEC) classification and the Standard International Trade Classification (SITC).

International trade statistics cover any movements of goods between the EU Member States and non-member countries (extra-EU trade), and from one Member State to another (intra-EU trade). Goods are physical, produced items over which ownership rights can be established and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. The product breakdowns available in Newcronos/Euro-indicators are based on aggregates derived from the Broad Economic Categories (BEC) classification and the Standard International Trade Classification (SITC).

International trade statistics cover any movements of goods between the EU Member States and non-member countries (extra-EU trade), and from one Member State to another (intra-EU trade). Goods are physical, produced items over which ownership rights can be established and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. The product breakdowns available in Newcronos/Euro-indicators are based on aggregates derived from the Broad Economic Categories (BEC) classification and the Standard International Trade Classification (SITC).

International trade statistics cover any movements of goods between the EU Member States and non-member countries (extra-EU trade), and from one Member State to another (intra-EU trade). Goods are physical, produced items over which ownership rights can be established and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. The product breakdowns available in Newcronos/Euro-indicators are based on aggregates derived from the Broad Economic Categories (BEC) classification and the Standard International Trade Classification (SITC).

International trade statistics cover any movements of goods between the EU Member States and non-member countries (extra-EU trade), and from one Member State to another (intra-EU trade). Goods are physical, produced items over which ownership rights can be established and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. The product breakdowns available in Newcronos/Euro-indicators are based on aggregates derived from the Broad Economic Categories (BEC) classification and the Standard International Trade Classification (SITC).

International trade statistics cover any movements of goods between the EU Member States and non-member countries (extra-EU trade), and from one Member State to another (intra-EU trade). Goods are physical, produced items over which ownership rights can be established and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. The product breakdowns available in Newcronos/Euro-indicators are based on aggregates derived from the Broad Economic Categories (BEC) classification and the Standard International Trade Classification (SITC).

International trade statistics cover any movements of goods between the reporting country and the rest of the world. Goods are physical, produced items over which ownership rights can be established and whose economic ownership can be passed from one institutional unit to another by engaging in transactions. The table indicates the seasonally adjusted values of the EU and euro-zone exports. Exports are valuated FOB (Free on Board), i.e. only incidental expenses (freight, insurance) incurred in the part of journey located on the territory of the reporting country are included. The raw values of the Member States are adjusted according to the number of working days on the basis of each national calendar and then seasonally adjusted before being aggregated to provide the EU and euro-zone totals.

ANNUAL Annual data on quantities for crude oil, petroleum products, natural gas and manufactures gases, electricity and derived heat, solid fossil fuels, renewables and wastes covering the full spectrum of the energy sector from supply through transformation to final consumption oby sector and fuel type. Also, annual imports and exports data of various energy carriers by country of origin and destination, as well as infrastructure information. Data on annual statistics are collected by standard questionnaires according to Annex B of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   MONTHLY The monthly energy data collections cover the most important energy commodities: Crude oil & Petroleum productsNatural gasSolid fuelsElectricity For each of the above mentioned commodities the inflowing data are delivered by the reporting countries to Eurostat via separate dedicated questionnaires. Data on monthly statistics are collected by standard questionnaires according to Annex C of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   SHORT-TERM MONTHLY Short-term monthly energy data collections cover the most important energy commodities: Oil & petroleum productsNatural gasElectricity Short-term monthly data provides information on main flows (quantities) on the supply side. Data on monthly short term statistics are collected by standard questionnaires according to Annex D of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics

ANNUAL Annual data on quantities for crude oil, petroleum products, natural gas and manufactures gases, electricity and derived heat, solid fossil fuels, renewables and wastes covering the full spectrum of the energy sector from supply through transformation to final consumption oby sector and fuel type. Also, annual imports and exports data of various energy carriers by country of origin and destination, as well as infrastructure information. Data on annual statistics are collected by standard questionnaires according to Annex B of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   MONTHLY The monthly energy data collections cover the most important energy commodities: Crude oil & Petroleum productsNatural gasSolid fuelsElectricity For each of the above mentioned commodities the inflowing data are delivered by the reporting countries to Eurostat via separate dedicated questionnaires. Data on monthly statistics are collected by standard questionnaires according to Annex C of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   SHORT-TERM MONTHLY Short-term monthly energy data collections cover the most important energy commodities: Oil & petroleum productsNatural gasElectricity Short-term monthly data provides information on main flows (quantities) on the supply side. Data on monthly short term statistics are collected by standard questionnaires according to Annex D of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics

ANNUAL Annual data on quantities for crude oil, petroleum products, natural gas and manufactures gases, electricity and derived heat, solid fossil fuels, renewables and wastes covering the full spectrum of the energy sector from supply through transformation to final consumption oby sector and fuel type. Also, annual imports and exports data of various energy carriers by country of origin and destination, as well as infrastructure information. Data on annual statistics are collected by standard questionnaires according to Annex B of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   MONTHLY The monthly energy data collections cover the most important energy commodities: Crude oil & Petroleum productsNatural gasSolid fuelsElectricity For each of the above mentioned commodities the inflowing data are delivered by the reporting countries to Eurostat via separate dedicated questionnaires. Data on monthly statistics are collected by standard questionnaires according to Annex C of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   SHORT-TERM MONTHLY Short-term monthly energy data collections cover the most important energy commodities: Oil & petroleum productsNatural gasElectricity Short-term monthly data provides information on main flows (quantities) on the supply side. Data on monthly short term statistics are collected by standard questionnaires according to Annex D of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics

The data shows the share of exports of all high technology products in total exports. High technology products are defined according to SITC Rev.4 as the sum of the following products: Aerospace, Computers-office machines, Electronics-telecommunications, Pharmacy, Scientific instruments, Electrical machinery, Chemistry, Non-electrical machinery, Armament. The total exports for the EU do not include the intra-EU trade.

ANNUAL Annual data on quantities for crude oil, petroleum products, natural gas and manufactures gases, electricity and derived heat, solid fossil fuels, renewables and wastes covering the full spectrum of the energy sector from supply through transformation to final consumption oby sector and fuel type. Also, annual imports and exports data of various energy carriers by country of origin and destination, as well as infrastructure information. Data on annual statistics are collected by standard questionnaires according to Annex B of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   MONTHLY The monthly energy data collections cover the most important energy commodities: Crude oil & Petroleum productsNatural gasSolid fuelsElectricity For each of the above mentioned commodities the inflowing data are delivered by the reporting countries to Eurostat via separate dedicated questionnaires. Data on monthly statistics are collected by standard questionnaires according to Annex C of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics   SHORT-TERM MONTHLY Short-term monthly energy data collections cover the most important energy commodities: Oil & petroleum productsNatural gasElectricity Short-term monthly data provides information on main flows (quantities) on the supply side. Data on monthly short term statistics are collected by standard questionnaires according to Annex D of the Regulation (EC) No 1099/2008 of the European Parliament and of the Council of 22 October 2008 on energy statistics

Imports are expressed in value terms and measured cif (cost, insurance, freight). Exports are expressed in value terms and measured fob (free on board). Balance = export - import

Imports are expressed in value terms and measured cif (cost, insurance, freight). Exports are expressed in value terms and measured fob (free on board). Balance = export - import

Imports are expressed in value terms and measured cif (cost, insurance, freight). Exports are expressed in value terms and measured fob (free on board). Balance = export - import

Imports are expressed in value terms and measured cif (cost, insurance, freight). Exports are expressed in value terms and measured fob (free on board). Balance = export - import

Imports are expressed in value terms and measured cif (cost, insurance, freight). Exports are expressed in value terms and measured fob (free on board). Balance = export - import

This indicator measures the share of (domestic) value added (billion euros) generated due to one country’s exports to the rest of the world. Value added includes both domestic effects and spillovers. Domestic effects capture the value added in a given Member State that is generated by its own extra-EU exports to the rest of the world. Spillovers capture the value added in a given Member State that is generated by the extra-EU exports of another Member State to non-EU countries. Data is based on ESA 1995 methodology; Nace Rev 1 industry classification and CPA2002 product classification.

The indicator shows developments in shares of exports of goods and services of EU Member States in relation to total exports of goods and services of OECD countries. To capture the structural losses in competitiveness that can accumulate over longer time periods is calculated the 5 year % change (comparing year Y with year Y-5). The data are presented as 5 year % change and as share of total exports of OECD countries. The indicator is based on the Balance of Payments data reported to Eurostat by the EU Member States, UK, Iceland, Norway and Turkey. Source of data for other non-EU countries is OECD.

This indicator shows the share of value added generated in the EU services sector due to the extra-EU exports of manufacturing goods of a Member State (e.g. value added generated in the services sector in Europe generated by Germany’s exports of manufacturing goods to non-EU countries). The indicator is expressed as a percentage of the total value added embodied in EU manufacturing exports and is available for 10 industries. Data is based on ESA 1995 methodology; Nace Rev 1 industry classification and CPA2002 product classification.

International trade in goods statistics are an important data source for many public and private sector decision-makers at international, European Union and national level. For example, at the European Union level, international trade data are extensively used for multilateral and bilateral negotiations within the framework of the common commercial policy, to define and implement anti-dumping policy, to evaluate the progress of the Single Market and many other policies. Moreover, they constitute an essential source for the compilation of balance of payments statistics and national accounts. International trade in goods statistics cover both extra- and intra-EU trade: Extra-EU trade statistics cover the trading of goods between Member States and a non-member countries. Intra-EU trade statistics cover the trading of goods between Member States. "Goods" means all movable property including electricity. Detailed and aggregated data are published for the Euro area, the European Union and for each Member State separately. Main components: Data record the monthly trade between Member States in terms of arrivals and dispatches of goods as well as the monthly trade in terms of imports and exports between Member States and non-member countries. However, in publications only the term “exports” for all outward flows and “imports” for all inward flows are applied for both intra-EU trade and extra-EU trade. Extra-EU trade imports and exports are recorded in the Member State where the goods are placed under the customs procedures. Extra-EU trade statistics do not record goods in transit, goods placed into customs warehouses or goods for temporary admission. Data sources: The statistical information is mainly provided by the traders on the basis of Customs (extra-EU) and Intrastat (intra-EU) declarations. Data are collected by the competent national authorities of the Member States and compiled according to a harmonised methodology established by EU regulations before transmission to Eurostat. Classification systems: - Product classification: For detailed data, products are disseminated according to the Combined Nomenclature (CN8), which first six digit codes coincide with the Harmonized Commodity Description and Coding System (HS), products are disseminated as well according to the Standard International Trade Classification (SITC) and the Broad Economic Categories (BEC). - Country classification: The Geonomenclature is used for classifying reporting countries and trading partners. Nomenclatures and correspondence tables are available at the Eurostat’s classification server RAMON. The following basic information is provided by Eurostat: - reporting country, - reference period, - trade flow, - product, - trading partner - mode of transport. Detailed data are disseminated according to the Combined Nomenclature (HS2, HS4, HS6 and CN8 levels) for the following indicators: - trade value (in Euro), - trade quantity in 100 kg, - trade quantity in supplementary units (published for some goods according to the Combined Nomenclature). Aggregated data cover both short and long term indicators. Short term indicators are disseminated according to major SITC and BEC groups for the following indicators: - gross and seasonally adjusted trade value (in million Euro), - unit-value indices, - gross and seasonally adjusted volume indices, - growth rates of trade values and indices. Long term indicators are disseminated according to major SITC groups for the following indicators: - trade value (in billion Euro), - shares of Member States in EU and world trade, - shares of main trading partners in EU trade, - volume indices. Adjustments are applied by the Member States to compensate the impact of exemption thresholds, which release the information providers from statistical formalities, as well as, to take into account the late or not response of the providers. In addition, Eurostat applies seasonal adjustments to aggregated time series.

Unit-values are defined by: trade value / quantity. These unit-values are divided by the average unit-value of the previous year to obtain elementary unit-value indices, from which outliers are detected and removed. Elementary unit-value indices are then aggregated over countries and commodities, by using formulae. Finally, the unit-value indices are chained back to the reference year (2015 = 100) and used to approximate the import and export price movements.