EU’s trade surplus with the US reached EUR 139 billion in 2018

Anca Alexe 20/05/2019 | 08:43

In 2018, the United States was the largest partner for EU exports of goods (21 percent of total extra-EU exports) and second largest for EU imports of goods (14 percent of total extra-EU imports), after China (20 percent), according to data released by Eurostat.

Between 2008 and 2018, the EU had a trade in goods surplus (meaning larger exports than imports) with the United States. This trade surplus has fluctuated slightly, but has increased overall during the period and reached EUR 139 billion in 2018.

For both EU exports and imports of goods with the United States, ‘machinery and vehicles’, ‘chemicals’ and ‘other manufactured goods’ dominate. Together these manufactured goods accounted for 89 percent of EU exports of goods to the United States and 80 percent of EU imports of goods from the United States.

Among the Member States, the United Kingdom was the largest importer of goods (EUR 55 billion) from the United States and Germany was the largest exporter of goods (EUR 114 billion) to the United States in 2018.

 

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