Tag: Trade

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European Union Trade Statistics for January to March (Q1) 2018

Key highlights

  • The total trade surplus for the European Union increased from €15.6 bn in Q1 2017 to €19.1 bn in Q1 2018, total exports were €1.34 trillion and total imports were €1.33 trillion
  • 10 of the 28 European Union countries had a trade surplus in Q1 2018 and 18 had a trade deficit
  • Germany had the largest trade surplus in Q1 2018 at €62.2 bn, Netherlands at €15.8 bn and Ireland at €12.4 bn
  • The United Kingdom had the largest trade deficit in Q1 2018 at €41.1 bn, France at €21.2 bn and Spain at €7.9 bn

Continue reading “European Union Trade Statistics for January to March (Q1) 2018”

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Iran trade with the US and Europe; Euro area consumer credit growth; Almost 3% coupon on 10-year Treasury bond; US yield curve inversion vs Euro area curve yield inversion

So, the US exits the Iran nuclear deal. The business impact of it?

Not much at all for the US. But a very major impact for Europe.

US exports to Iran
2015 exports were $282 million, 2016 were down to $172 million and 2017 were further down to $138 million

Iran exports to the US
Just $64 million in 2017

European exports to Iran
€10.8 billion ($12.80 billion) in 2017, has grown 10-fold since 2015

Iran exports to Europe
€10.14 billion ($12.02 billion) in 2017, has grown 10-fold since 2015 Continue reading “Iran trade with the US and Europe; Euro area consumer credit growth; Almost 3% coupon on 10-year Treasury bond; US yield curve inversion vs Euro area curve yield inversion”