In case you might need more assistance, consult the video-tutorial or contact us at contact-us@eumofa.eu .This support tool is available by clicking on "?" The significance of the EU’s internal market is underlined by the fact that intra-EU trade in goods (exports and imports combined) was higher than extra-EU trade (exports and imports combined) for all EU Member State, except Ireland (see Figure 10). They make up The firm is based on the teamwork of experts in the field, with backgrounds in management, production and consulting services. The extra-EU trade surplus for goods of EUR 217.5 billion in 2020 was driven by large trade surpluses in chemicals (EUR 178.4 billion) and machinery & vehicles (EUR 174.0 billion) and a smaller surplus in food & drink. PDF Detailed view PDF Overview. The EU surplus decreased in 2017 and 2018 and started to increase again in 2019 and 2020. Exports offer companies and firms more markets for their goods than what’s available in their home countries. International trade in goods - Exports 2001-2019. Aggregated and detailed statistics for international trade in goods as disseminated through Eurostat's website are compiled from COMEXT each month. EU data come from Eurostat’s COMEXT database, the reference database for international trade in goods. As COMEXT is updated on a daily basis, data published on the website may differ from the data found in COMEXT (in case of recent revisions). The United States is a close second. Post was not sent - check your email addresses! As such, trade policy is an exclusive power of the EU — so only the EU, and not individual Member States, can legislate on trade matters and conclude international trade agreements. The United States (11.8 %) and the United Kingdom (9.8 %) followed at some distance. Accessing world markets – SME Internationalisation Portal. Germany Import Prices Rise the Most Since 2011. In 2020, the trade in goods balance of the EU was in surplus by EUR 217 billion, a significant increase with respect to 2019 (+EUR 191 bn). Mapping the Top Export of Every Country. 4), Globalisation patterns in EU trade and investment, International trade in goods statistics - background, User guide on European statistics on international trade in goods, Summaries of EU Legislation: Extrastat: statistics relating to trade with non-EU countries, Summaries of EU Legislation: Intrastat: statistics relating to the trading of goods between EU countries, European Commission — Single market for goods, https://ec.europa.eu/eurostat/statistics-explained/index.php?title=International_trade_in_goods&oldid=521963. Statistics are published for each declaring country with respect to each partner country, for several product classifications. PDF Detailed view PDF Overview. In 2019, the ratio of exports to imports (the cover ratio) was particularly high in favour of exports for Russia and China (see Figure 2), which in absolute terms also had the largest annual trade surpluses. The EU has a common trade policy, whereby the European Commission negotiates trade agreements and represents the EU’s interests on behalf of its 27 Member States. Among the EU Member States, Germany had by far the highest share of extra EU trade in 2020, contributing 30 % of the EU’s exports of goods to non-member countries and accounting for more than one fifth (22 %) of the EU’s imports (see Figure 8). The European Commission negotiates with its WTO partners and participated in the latest round of WTO multilateral trade negotiations, known as the Doha Development Agenda (DDA). Country Exports (millions of $) % of GDP Year 1 China: 2,643,376.93: … Additionally, economic trade is a major component of diplomacy and foreign policy between governments. German Jobless Unexpectedly Rises in April . This was balanced by lower import shares for machinery & vehicles and chemicals compared to exports. More recently, this scope has been extended beyond trade in goods, to cover trade in services, intellectual property and foreign direct investment (in chapter 4). New information in Access2Markets Businesses may use international trade data to carry out market research and define their commercial strategy. This page was last edited on 6 April 2021, at 13:51. The largest trade deficits for extra-EU trade in goods were EUR 102.6 billion for the Netherlands and EUR 18.2 billion for Spain (see table B in the excel file attached below). The map above shows the flag of each country’s number one export partner. Export Intra-EU exports by main partner country / Member State The EU market overview Data Studies and reports The next largest product group exported to the EU is chemicals and chemical products, £15 billion in … For example, the UK exports … Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window). CLAL is a Consulting Firm with headquarters in Modena, operating and providing services in the agri-food sector and particularly in the dairy sector. John Moynihan, Vote Leave, 26 January 2016. Listings beginning with the letter C. Cambodia. On the import side, there was a similar pattern observed, with a large overall reduction in the level of extra-EU imports of energy (-29.2 %) between 2015 and 2020 (note that some of the losses may be attributed to price changes and/or exchange rate fluctuations, with oil being priced on global markets in US dollars). Intra-EU exports by main partner/reporting country. Intra EU imports decreased by 8 %, the largest decreases were registered for Malta (-21 %), Portugal, (-14 %), Slovenia (-12 %), Spain and Italy (both - 11 %). Germany Exports By Country Value Year; United States: $119.52B 2020 China: $110.34B 2020 France: $103.83B 2020 ... European Stocks Tread Water. for chemicals, rising from 17.5 % in 2015 to 21.3  % in 2020, and a decrease for machinery & vehicles of 3.4 p.p. This decrease was partly due to falling prices of energy products. Our role in the UN and WTO; Management; ITC structure; Development results; Evaluation; Joint Advisory Group; Consultative Committee of the ITC Trust Fund; Areas of work. By contrast, when reporting data for individual EU Member States, international trade flows are generally presented in terms of world trade flows (including both intra-EU and extra-EU partners). Between 2010 and 2020, the development of the EU’s imports of goods by major trading partner varied considerably. In 2019, the United States had the largest deficit (see Figure 3), continuing a pattern that has been apparent over the whole of the last decade for which data are available. Statistics on the international trade of goods measure the value and quantity of goods traded between EU Member States (known as intra-EU trade) and goods traded by Member States with non-member countries (known as extra-EU trade). In extra-EU trade statistics, the data shown for the EU treat this entity as a single trading block. The next three largest exporters, Italy (11 %), the Netherlands and France (10 %) were the only other EU Member States to account for a double-digit share of EU exports. The main EU partner for exports in 2020 was the United States and for imports China. In the following months both exports and imports were consistently lower than in the same months in 2019. The seven largest destination markets for EU exports of goods — the United States, the United Kingdom, China, Switzerland, Russia, Turkey … Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Looking at the flows of exports and imports, the EU had the second largest share of global exports and imports of goods (see Figures 4 and 5) in 2019: the EU’s exports of goods were equivalent to 15.4 % of the world total. The UK had a trade surplus of £49 billion with non-EU countries. This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information. Export management ; Researching export markets ... Countries / Territories Home; About ITC. The UK has been the largest recipient of Covid-19 vaccine doses by the EU as the country received 9.1 million doses by March 12 and around 10.9 million doses by March 24. Turkey's exports were up by 33.1% to $68.75 billion in the … In practice this means that the goods imported by the EU from the United Kingdom were physically transported from the United Kingdom but part of these goods could have been of other origin than the United Kingdom. Exports are extremely important for a country’s economy. For the calculation of shares the world trade is defined as the sum of EU trade with non-EU countries (source: Eurostat) plus the international trade of non-EU countries (source: UNCTAD). Turkey's exports to EU countries in April rose 128.4% to $7.18 billion on a yearly basis. Prior to bringing goods onto the EU market, you must ensure that your products meet the EU requirements to By contrast, extra-EU imports of machinery & vehicles and chemicals both rose by 15.3 %, followed closely by raw materials (15.0 %). With over one fifth (22.4 %) of all imports, China was the largest supplier of goods into the EU in 2020. The United States remained the most common destination for goods exported from the EU in 2020 (see Figure 12) with a share of 18.3 %. The values reported comprise only those subsidiary costs (freight and insurance) which relate, for exports, to the journey within the territory of the EU Member State from which the goods are exported and, for imports, to the journey outside the territory of the Member State into which the goods are imported. This page in: English; Español; Français; العربية; 中文; Exports of goods and services (% of GDP) Close. The UK is the EU’s largest single export market in goods, if you treat the UK as if it were outside the EU. Considering exports, double digit decreases between 2019 and 2020 were registered for Cyprus (-27 %), Malta (-19 %), Luxembourg (-17 %), Finland and France (both -13 %). The structure of the EU's exports of goods did not change much between 2015 and 2020 (see Figure 15) apart from an increase of 3.8 percentage points (p.p.) It considers the EU’s share in world import and export markets, intra-EU trade (trade between EU Member States), the EU’s main trading partners, and the EU’s most widely traded product categories. Cameroon. … The United Kingdom is considered as an extra-EU partner country for the EU for the whole period covered by this article. How ITC works. The most notable difference is in the share of energy which was almost four times as high for imports as for exports. From 2018 to 2019, 7 out of the 28 EU nations grew the value of their exports namely: Malta (up 7.1%), Slovenia (up 3.2%), Ireland (up 2.9%), Luxembourg (up 2.6%), Croatia (up 1.4%), Denmark (up 1.2%) and Bulgaria (up 0.6%). The statistical values of extra- and intra-EU trade are recorded at their free-on-board (FOB) value for exports and their cost, insurance and freight (CIF) value for imports. Exporters. Export Extra-EU exports by main partner country The EU market overview Data Studies and reports The EU shipped another 13.8% worth of goods to Asia plus 9.4% to North America. The EU accounts for around 15 % of the world’s trade in goods. The United States had a larger share of world imports (16.2 %) than either the EU (13.7 %) or China (13.1 %) in 2019. The imports growth rates peaked in 2011, followed by small fluctuations between 2012 and 2015, before growing significantly in 2017 and 2018, and closing the decade with a sharp decrease. The WTO sets the global rules for trade, provides a forum for trade negotiations, and for settling disputes between members. The highest growth rate for exports was reported for chemicals with an increase of 25.2 %. Exports of goods and services (% of GDP) from The World Bank: Data. UK goods exports to the EU were worth £145 billion in 2016, or 7.4% of GDP. For this reason, data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU trade partners. The United States remained the most common destination for goods exported from the EU in 2020 (see Figure 12) with a share of 18.3 %. Exports By Country - was last updated on Saturday, May 1, 2021. By contrast, over the same period the share of machinery & vehicles rose by 3.3 p.p., from 30.8 % to 34.1 %. BRUSSELS — The European Union exported 34 million doses of coronavirus vaccines in recent weeks to dozens of countries, even as it faced shortages at … “We’re their [the EU’s] largest export market” “Every single country in Europe apart from Ireland, Cyprus, Greece and Malta and Luxembourg have a surplus with us”. However, the United Kingdom was still part of the internal market until the end of the transitory period (31 December 2020), meaning that data on trade with the United Kingdom are still based on statistical concepts applicable to trade between the EU Member States. TIBCO Jaspersoft: Intra-EU exports. Data for the non-EU major traders used in Figures 1 to 5 are taken from the UNCTAD database of the United Nations. The largest extra EU trade surplus in goods, valued at EUR 195.0 billion in 2020, was recorded by Germany, followed by Italy (EUR 57.2 billion), Ireland (EUR 39.8 billion) and France (EUR 25.1 billion). Increases of more than 10 % were also recorded for food & drink (18.4 %) and raw materials (17.5 %). Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Globally, multilateral trade issues are dealt with under the auspices of the World Trade Organisation (WTO). For the structure of the EU's imports between 2015 and 2020, there was a large decrease for the share of energy, which fell by 6.1 p.p. German Inflation Rate Hits 2-Year High in April. View international trade statistics by country or region to obtain the following (i) country or region's overall exports, imports and tariffs (i) details of exports and imports with various partner countries along with partner share and Most Favored Nation (MFN) and Effective Applied Tariff (AHS) tariffs imposed. A surplus of £83 billion on trade in services outweighed a deficit of -£34 billion on trade in goods. The shares of the other products changed only slightly. Every European Country’s Top Export Partner, map by reddit user sendherhome22. Intra EU trade — again measured by exports — decreased by 7 % across the EU between 2019 and 2020. All countries in the EU have committed to the Kyoto Protocol, ... Reasons for this growth include government commitments to stable monetary policy, export-oriented trade policies, low flat-tax rates and the utilisation of relatively cheap labour. The United Kingdom was the second largest destination for EU exports (14.4 % of the EU total), followed by China (10.5 %). Figure 17 contrasts the structure of the EU’s imports and exports in 2020: it should be noted that the overall level of exports was 13 % higher than the level of imports. Only China (16.2 %) had a higher share while the United States (10.6 %) followed at some distance. Almost half (48%) of UK goods exports went to the EU in 2016. The largest decreases were seen for imports from Russia (- 4.8 %) and Norway (- 2.9 %) who were both large partners for imports of oil and gas. Turkey's exports were up by 33.1% to $68.75 billion in the first four months of 2021, up from $51.64 billion in the same period last year, according to data compiled by Anadolu Agency from the Turkish Exporters' Assembly. German Economy Contracts More than Forecast. In 2019, the total level of trade in goods (exports and imports) recorded for the EU was EUR 4 071 billion (note this does not include intra-EU trade), which was EUR 23 billion lower than the value for China and EUR 308 billion above the level recorded for the United States; Japan had the fourth highest level of trade in goods, at EUR 1 274 billion. DataBank Microdata Data Catalog. … A more detailed view of the last year shows that the COVID-19 pandemic hit trade hardest between March and April with exports falling from EUR 176 billion to EUR 125 billion and imports falling from EUR 148 billion to EUR 125 billion. As for the EU, it has once acted to block Covid-19 vaccine exports. Data extracted in October 2020 (part "The three largest global players for international trade: EU, China and the USA") and March 2021 (rest of the article). With 9.1 million doses, the U.K. was the largest recipient of EU vaccine exports as of March 9, according to a document seen by Bloomberg. Statistics on trade between the EU Member States (intra-EU trade) cover imports and exports of goods recorded by each Member State. The Netherlands (18 %), France (10 %) and Italy (9 %) followed Germany as the largest importers of goods from non-member countries in 2019. The EU, the United States and China accounted for 43 % of world trade in goods in 2019. Machinery and vehicles accounted for 39 % of EU exports and 34% of EU imports in 2020. from 19.1 % to 13.0 % (see Figure 16). This article discusses the development of the European Union’s (EU) international trade in goods. The seven largest destination markets for EU exports of goods — the United States, the United Kingdom, China, Switzerland, Russia, Turkey and Japan — accounted for more than three fifths (61.0 %) of all EU exports of goods. In 2020, the trade of the European Union with its 27 Member States (EU) was hit hard by the COVID-19 pandemic, with a significant fall observed for both exports (-9.4%) and imports ( -11.6%) (see Figure 6). Among the top partners, decreases for imports were only seen for Russia and Brazil (both - 0.5 %). In a global market with (mostly) free trade, it’s common to see economies that are very specialized, each producing specific goods based on the competitive advantages, incentives, and resources they have available. One of the most commonly used product classifications is the standard international trade classification (SITC Rev. Sorry, your blog cannot share posts by email. The European Commission consults EU Member States through an advisory committee which discusses the full range of trade policy issues affecting the EU including multilateral, bilateral and unilateral instruments. Planned article updates: October 2021 (part "The three largest global players for international trade: EU, China and the USA") and March 2022 (rest of the article). Export von Gütern aus EU und Euro-Zone bis 2020. From 30 January, the EU introduced a rule meaning vaccine manufacturers who have agreed to deliver a certain number of vaccines to EU countries have to get any other proposed exports (going outside of the EU) authorised. Smaller percentages went to Latin America (1.5%) excluding Mexico but including the Caribbean, Oceania (0.8%) led by Australia and New Zealand, and Africa (0.4%). From a continental perspective, about 70% of EU exports by value were delivered to European countries compared to 62.8% were sold to fellow EU members. Log in. Services accounted for 42% of the UK’s exports to the EU in 2019. In other words, the data for exports relate only to those exports from the EU that leave the trading block and are destined for the rest of the world, while extra-EU imports relate to imports from the rest of the world (non-member countries) coming into the EU. The highest shares of intra-EU trade (above 75 % of total trade) were recorded for Luxembourg (85.5 %), Slovakia (79.6 %) and Czechia (76.5 %) with this ratio falling to 52.0 % for Cyprus and 39.7 % for Ireland. 4) of the United Nations (UN); this allows a comparison of international trade statistics to be made on a worldwide basis. The EU, China and the United States have been the three largest global players for international trade (see Figure 1) since 2004 when China passed Japan. Exporting to the EU. The proportion of total trade in goods that was accounted for by intra-EU and extra-EU flows varied considerably across the Member States, reflecting to some degree historical ties and geographical location. Here you can find all tariffs, import procedures and formalities as well as product specific requirements for more than 120 export markets outside the EU which represent over 90% of the total value of the exports to non-EU countries. The three largest global players for international trade: EU, China and the USA, EU trade in 2020 strongly impacted by the COVID-19 pandemic, Highest share for intra-EU trade in goods in Luxembourg and Slovakia, Strong increase in trade in goods with China in 2010-2020, Large trade surplus for machinery & vehicles and chemicals, International trade in goods: tables and figures, standard international trade classification (SITC Rev. Statistics for international trade in goods are also used by EU institutions in their preparation of multilateral and bilateral trade negotiations, for defining and implementing anti-dumping policies, for the purposes of macroeconomic and monetary policies, and in evaluating the progress of the single market, or the integration of European economies. The relatively high share for the Netherlands can, at least in part, be explained by the considerable amount of goods that flow into the EU through Rotterdam, which is the EU’s leading sea port. The seven largest suppliers of EU imports of goods were the same countries as the seven largest destination markets for EU exports, although their order was slightly different (compare Figures 12 and 13). European Union Imports By Country Value Year; China: $468.63B 2019 United States: $326.24B 2019 Russia: $160.69B 2019 Switzerland: $148.34B 2019 Turkey: $89.30B Trade in goods between EU Member States (intra-EU trade) was valued — in terms of exports — at EUR 2 843 billion in 2020. Among the main trading partners, the highest average annual growth rate was recorded for imports from Turkey (5.2 %) and China (4.6 %), see Figure 11. The WTO has 164 members (in March 2020), with several candidate members in the process of joining. Importing/exporting within the EU. As with extra EU trade, Germany was also the EU Member State with the highest level of intra EU trade in 2020, contributing 22 % of the EU’s exports of goods to other Member States and 23 % of the EU’s imports of goods from other Member States (see Figure 9). falling from 42.6 % in 2015 to 39.3  % in 2020. These seven countries accounted for a larger share of the EU’s imports of goods than their share of EU exports of goods: just over three fifths (62.7 %) of all imports of goods into the EU came from these seven countries. Data. The Netherlands (14 %) was the only other Member State to contribute more than one tenth of intra-EU exports, again a consequence of the Rotterdam effect, while France (12 %) was the only other Member State to account for more than one tenth of intra-EU imports. Volume of lemon exports in Spain 2018, by EU country; Fruiting vegetable export share to EU countries from the Netherlands 2015, by product Statistics on the international trade of goods are used extensively by decision makers at an international, EU and national level. In December 2020 exports were 2 % higher than in December 2019, while imports still trailed by 3 %. Motor vehicles and parts is the largest product group by value of exports: the UK exported £18 billion of motor vehicles (and trailers) to the EU in 2016. View the high resolution version of today’s graphic by clicking here.. It provides access not only to both recent and historical data from the EU Member States, but also to statistics for a significant number of non-member countries. Looking at the trend over time, after recording a small deficit in 2011, the EU trade balance recorded a continuous surplus that peaked at EUR 264 billion in 2016. The number of exports to Canada had doubled from 3.3 million doses to 6.6. million. Menu. Looking at the last decade, exports growth rates, after recording a significant increase in 2011 and 2012, remained slightly positive until 2019 before sharply decreasing in 2020. The development of trade can be an opportunity for economic growth. The value of international trade in goods significantly exceeds that of services (by about three times), reflecting the nature of some services which makes them harder to trade across borders. Consequently, while imports from any other extra-EU trade partner are grouped by country of origin, the United Kingdom data reflect the country of consignment. Overview of all articles in Statistics Explained on international trade in goods. anews.com.tr - Turkey's exports to EU countries in April rose 128.4% to $7.18 billion on a yearly basis. Other countries receiving a considerable share of vaccine doses include Canada with a total of 6.6 million doses as of March 24. Find Out . Exporting from the EU – Market Access Database. The two maps presented here show every European country’s top export and import partner, that is which other country they send the most exports to and which country they import the most from. Browse by Country or Indicator. Governments encourage exports and generally want to increase exports over imports. Germany Jobless Rate Unchanged at 4.5% in March. This was 47 % higher than the level recorded for exports leaving the EU to non-member countries of EUR 1 932 billion (extra-EU trade). Between 2015 and 2020, the value of extra-EU exports increased for most product groups shown in Figure 14, with the exception of exports of energy (- 27.7 %) and machinery and vehicles (- 5.2 %) . Die Statistik zeigt den Wert des Exports von Gütern aus der Europäischen Union (EU-27) und der Euro-Zone von 2010 bis 2020. These statistics are the official source of information on imports, exports and the trade balance in the EU, its Member States and the euro area. The share of EU exports eligible for preferences in a partner country compared to total EU exports to that country can be quite different across countries, ranging from 5.5% for EU exports to Peru (€208 million in preference eligible exports divided by €3753 million in total EU exports to Peru) to 98.3% for EU exports to Chile. This tutorial will support you through five steps to start using the ad-hoc queries tool. On the export side, between 2010 and 2020 imports of goods from China (6.8 %), South Korea (5.9 %) and the United States (5.7 %) had the highest average annual growth rate.