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European Union

Exports (2022)$6.57T
Imports (2022)$7T
Main Exporter (2022)Germany $1.6T
Main Importer (2022)Germany$1.49T
Internal Trade (2022)60.4%of total trade

About

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, Portugal, Slovenia, Greece, Bulgaria, Lithuania, Croatia, Estonia, Latvia, Luxembourg, Cyprus, and Malta. In 2022, EU exported $6.57T (27.7% of global exports) and imported $7T (29.6% of global imports). Its largest exporter, Germany exported $1.6T, which corresponds to 24.4% of the total exports. On the other hand, the largest importer, Germany, imported $1.49T, which is 21.3% of the total imports of European Union.

Trade In 2022, EU's most exported products were Oils petroleum, bituminous, distillates, except crude ($251B), Medicaments nes, in dosage ($227B), Other and Gas Turbine ($129B), Blood, toxins, cultures, medical use, nes ($122B), and Natural gas in gaseous state ($102B). The same year, the most imported products were Petroleum oils, oils from bituminous minerals, crude ($342B), Natural gas in gaseous state ($289B), Oils petroleum, bituminous, distillates, except crude ($254B), Medicaments nes, in dosage ($149B), and Transmit-receive apparatus for radio, TV, etc. ($140B).

Partners In 2022, EU's exports went primarly to Germany ($839B), United States ($525B), France ($483B), Italy ($342B), and Netherlands ($325B). The same year, EU's imported primarily from Germany ($868B), China ($613B), Netherlands ($455B), United States ($345B), and Italy ($336B).

Latest Trends

Latest Data

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The 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.

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Historical Data

Organization Composition

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Value

The following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.

Yearly Exports of EU

Internal Trade

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Internal Trade includes all trade between the countries that comprise this organization.

In 2022, the top internal exports of EU were Cars ($200B), Refined Petroleum ($136B), Packaged Medicaments ($126B), Motor vehicles; parts and accessories (8701 to 8705) ($122B), and Petroleum Gas ($103B).

The same year, the principal destinations of internal exports were Germany ($839B), France ($483B), Italy ($342B), Netherlands ($325B), and Belgium ($299B).

Internal Exports (2021)
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Internal Destinations (2021)
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External Trade

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External trade includes all world trade excluding the countries that comprise this organization.

In 2022, the top external exports of EU were United States ($525B), United Kingdom ($317B), China ($238B), Switzerland ($189B), and Turkey ($100B).

The same year, the principal destinations of external exports were Packaged Medicaments ($162B), Cars ($161B), Refined Petroleum ($115B), Vaccines, blood, antisera, toxins and cultures ($112B), and Motor vehicles; parts and accessories (8701 to 8705) ($56.6B).

External Exports (2021)
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External Destinations (2021)
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Total Trade

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Top Export (2022)Cars$361B
Top Destination (2022)Germany$839B

In 2022, EU exported a total of $6.57T. During the last five reported years the exports of EU have changed by $1.46T from $5.11T in 2017 to $6.57T in 2022.

The most recent exports are led by Cars ($361B), Packaged Medicaments ($288B), Refined Petroleum ($251B), Vaccines, blood, antisera, toxins and cultures ($203B), and Motor vehicles; parts and accessories (8701 to 8705) ($179B). The most common destination for the exports of EU are Germany ($839B), United States ($525B), France ($483B), Italy ($342B), and Netherlands ($325B).

Exports (2021)
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Destinations (2021)
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Largest Export by Country

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The 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.

Biggest export by country (2021)

Trade between organizations

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This visualization show trade between international organizations. The default selection shows the trade with the rest of the world.

Exports (2021)

Destinations (2021)

Economic Complexity

Complexity and Country Indicators

Indicator

This 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 2022, the countries with higher complexity that belong to European Union were Germany (1.78), Czechia (1.56), Austria (1.5), Sweden (1.49), and Slovenia (1.46).

On the other hand, the countries with higher GDP per capita were Luxembourg ($126k), Ireland ($104k), Denmark ($67k), Netherlands ($56k), and Sweden ($55.9k).

Finally, the biggest exporters of EU were Germany ($1.6T), Netherlands ($674B), Italy ($634B), France ($608B), and Belgium ($475B).

GDP per capita v/s ECI for countries that comprise European Union (2022)

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