Year-on-year, exports rose a meager 0.23 percent to €159.7 billion in May while imports fell 0.22 percent to €14.4 billion.
The April 2014 trade balance was also +€15.4 billion, compared with +€14.2 billion in April of 2013. In May of 2014 compared with April, seasonally adjusted exports rose by 0.6 percent and imports by 0.5 percent.
From January to April, the EU 28 deficit for energy decreased (-€115.2 bn in January-April 2014 compared with -€127.5 bn in January-April 2013), as did the surplus for machinery and vehicles (+€79.7 bn compared with +€89.1 bn).
The highest increases in EU28 exports were registered with China (+9 percent in January-April 2014 compared with January-April 2013) and South Korea (+5 percent), and for EU28 imports with South Korea (+9 percent), Switzerland and Turkey (both +6 percent). The most notable decreases were recorded for exports to Switzerland (-15 percent), Russia and India (both -11 percent), and for imports from Russia (-9 percent) and Brazil (-8 percent).