The FINANCIAL — After eight years of growth, EU27 trade in goods with Russia fell in 2009, with EU27 exports dropping by 38% and imports by 35%, compared with 2008.
The EU27 trade deficit with Russia increased significantly from 41 billion euro in 2000 to 73 bn in 2008, then fell to 50 bn in 2009.
The first nine months of 2010 showed a renewed growth in EU27 trade with Russia. Exports rose from 48 bn in the first nine months of 2009 to 61 bn in the same period of 2010, and imports from 83 bn to 113 bn. As a result, the EU27 trade deficit with Russia increased from 35 bn in the first nine months of 2009 to 52 bn in the same period of 2010.
In the first nine months of 2010, Russia was the EU27's third most important trading partner after the USA and China, accounting for 6% of EU27 exports and 10% of EU27 imports.
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