external trade gap | foreign trade deficit | trade balance deficit | trade balance gap | trade deficit | trade gap | trade imbalance

negative trade balance | negative balance of trade | adverse trade balance

positive trade balance | positive balance of trade | favorable trade balance | favourable trade balance

structural deficit in its balance

trade balance [ balance of visible transactions | visible trade balance ]

In 2012, oil accounted for 94 % of energy used in transport and amounted to a deficit of some 2,5 % of GDP in the EU’s trade balance.

3. Points out that the EU imports 53% of its energy at an annual cost of around EUR 400 billion, which makes it the largest energy importer in the world; recalls that 61% of the imported gas is used in buildings mainly for heating and cooling and that energy demand in the building sector is responsible for about 40% of energy consumption in the EU and a third of natural gas use; stresses therefore that gains in energy efficiency would have a significant impact on reducing EU energy imports from third countries and on the trade deficits of Member States, thereby reinforcing the EU’s negotiating position in external energy-related matter ...[+++]s; is convinced that a binding energy-efficiency target would be a cost-efficient way to achieve the goal of energy self-sufficiency; points out that unemployment could be reduced by an ambitious programme for increasing the energy efficiency of housing throughout the EU;

35. Emphasises the need to make sure that forest resources and wood materials are used and reused efficiently, as a means of cutting the EU’s trade deficit, improving the self-sufficiency of the EU in wood, boosting the competitiveness of its forest sector, helping reduce unsustainable forest management, protecting the environment, and reducing deforestation in countries outside the EU;

29. Emphasises the need to make sure that forest resources and wood materials are used and reused efficiently, as a way of cutting the EU’s trade deficit, improving the self-sufficiency of the EU in wood and the competitiveness of its forest sector, helping to reduce unsustainable forest management, protecting the environment, and reducing deforestation in countries outside the EU;