EU
European Union
Overview EU (European Union) is an International Organization composed by Germany, Netherlands, Italy, France, Belgium, Spain, Poland, Czechia, Ireland, Austria, Sweden, Hungary, Denmark, Slovakia, Romania, Finland, Greece, Portugal, Slovenia, Bulgaria, Lithuania, Croatia, Estonia, Latvia, Luxembourg, Cyprus, and Malta. In 2019, EU exported $6.21T (29.5% of global exports) and imported $6.23T (29.6% of global imports). Its largest exporter, Germany exported $1.56T, which corresponds to 25.2% of the total exports. On the other hand, the largest importer, Germany, imported $1.34T, which is 21.5% of the total imports of European Union.
Trade In 2021, EU's most exported products were Medicaments nes, in dosage ($203B), Oils petroleum, bituminous, distillates, except crude ($172B), Other and Gas Turbine ($109B), Antisera and other blood fractions ($108B), and Medium Sized Cars ($79B). The same year, the most imported products were Petroleum oils, oils from bituminous minerals, crude ($228B), Oils petroleum, bituminous, distillates, except crude ($179B), Medicaments nes, in dosage ($137B), Transmit-receive apparatus for radio, TV, etc. ($121B), and Natural gas in gaseous state ($106B).
Partners In 2021, EU's exports went primarly to Germany ($785B), France ($457B), United States ($455B), United Kingdom ($320B), and Italy ($319B). The same year, EU's imported primarily from Germany ($839B), China ($550B), Netherlands ($427B), Italy ($319B), and France ($311B).
Latest Trends
#permalink to sectionLatest Data
#permalink to sectionThe following section shows the trade patterns over time for countries that comprise the organization.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionOrganization Composition
#permalink to sectionThe following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.
Internal Trade
#permalink to sectionInternal Trade includes all trade between the countries that comprise this organization.
In 2021, the top internal exports of EU were Cars ($200B), Packaged Medicaments ($122B), Motor vehicles; parts and accessories (8701 to 8705) ($120B), Refined Petroleum ($89.8B), and Vaccines, blood, antisera, toxins and cultures ($88B).
The same year, the principal destinations of internal exports were Germany ($785B), France ($457B), Italy ($319B), Netherlands ($287B), and Belgium ($275B).
External Trade
#permalink to sectionTrade Value
External trade includes all world trade excluding the countries that comprise this organization.
In 2021, the top external exports of EU were United States ($455B), United Kingdom ($320B), China ($261B), Switzerland ($172B), and Russia ($102B).
The same year, the principal destinations of external exports were Cars ($145B), Packaged Medicaments ($145B), Vaccines, blood, antisera, toxins and cultures ($102B), Refined Petroleum ($82.3B), and Motor vehicles; parts and accessories (8701 to 8705) ($61.7B).
Total Trade
#permalink to sectionIn 2021, EU exported a total of $6.21T. During the last five reported years the exports of EU have changed by $1.56T from $4.65T in 2016 to $6.21T in 2021.
The most recent exports are led by Cars ($345B), Packaged Medicaments ($267B), Vaccines, blood, antisera, toxins and cultures ($190B), Motor vehicles; parts and accessories (8701 to 8705) ($182B), and Refined Petroleum ($172B). The most common destination for the exports of EU are Germany ($785B), France ($457B), United States ($455B), United Kingdom ($320B), and Italy ($319B).
Largest Export by Country
#permalink to sectionThe following visualization shows the principal export per country, the product which has grown the most over the past 5 years or the product in which the country has a higher level of specialization, measured by the RCA Index.
Trade between organizations
#permalink to sectionThis visualization show trade between international organizations. The default selection shows the trade with the rest of the world.
Economic Complexity
#permalink to sectionComplexity and Country Indicators
#permalink to sectionThis visualization compares the Economic Complexity Index (ECI) with different indicators about country development such as GDP per capita or Inflation. For more information about ECI, check the Methods page.
In 2021, the countries with higher complexity that belong to European Union were Germany (1.82), Czechia (1.58), Sweden (1.56), Austria (1.51), and Slovenia (1.43).
On the other hand, the countries with higher GDP per capita were Luxembourg ($136k), Ireland ($99.2k), Denmark ($67.8k), Sweden ($60.2k), and Netherlands ($58.1k).
Finally, the biggest exporters of EU were Germany ($1.56T), Netherlands ($642B), Italy ($597B), France ($569B), and Belgium ($403B).
