1 The United States exported $1.65 trillion in goods. En … EU imports from the United States were highest in 2019 (EUR 232 billion) and lowest in 2009 (EUR 127 billion). Exports are expressed in value terms and measured free on board (FOB), while imports are expressed in value terms and measured "cost, insurance, freight" (CIF ). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In 2019, the EU had trade surpluses in machinery & vehicles (EUR 63 billion), chemicals (EUR 50 billion), other manufactured products (EUR 39 billion), food & drink (EUR 12 billion) and other products (EUR 5 billion). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Data are collected by the competent national authorities of the Member States and compiled according to a harmonised methodology established by EU regulations before transmission to Eurostat. This page has been accessed 39,926 times. This page was last modified on 28 May 2020, at 11:56. The cover ratio for the United States was lowest in 2008 (59 %) and highest in 2013 (68 %) and was 64 % in 2018. Petroleum oils, crude had a ratio close to zero indicating almost all trade consisted of EU imports from the United States and hardly any EU exports to the United States. EU and the United States in world trade in goods. It was the second largest partner for EU imports of goods (12 %), preceded by China (19 %) and followed by the United Kingdom (10 %), Russia (7 %) and Switzerland (6 %). The current account balance of payments is a record of a country's international transactions with the rest of the world. The largest surplus was held by Germany (EUR 19 511 million), followed by Ireland (EUR 5 061 million) and Finland (EUR 1 252 million). In 2019, the U.S. trade deficit in goods alone was $866 billion. There were five Member States that had a trade deficit with the United States. 2020 : U.S. trade in goods with European Union . Try the new automatic translation by clicking on the blue icon âTranslateâ up in the right corner of the article! One-third of exported goods are capital goods ($547 billion). The US is the country from which the UK earns the most through trade. Euro zone trade balance 26.5B vs. 22.5B forecast By Investing.com - Nov 15, 2016. The trade in goods balance between the EU Member States and the United States is shown in Table 1c. It shows that three Member States had a trade surplus with China. La balance commerciale est la différence, en termes de valeur monétaire, entre les exportations et les importations de biens ou de biens et services (dépend du pays) dans une économie sur une période donnée. The United States has a services trade surplus of an estimated $16 billion with United Kingdom in 2019, down 12.3% from 2018. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. USA global trade The overall US trade balance for all products totaled -US$923.2 billion in red ink for 2019. This is known as âspecial tradeâ. The Eurozone's trade surplus widened to EUR 30 billion in October 2020 from EUR 27.2 billion in the corresponding month of the previous year. That’s correct. Direct access to our calendar releases and historical data. This is even more important in a globalised world in which economies tend to cluster together in regional groups. Balance of Trade in the United States … Graph and download economic data for Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB) from Jan 1992 to Oct 2020 about balance, BOP, headline figure, trade, services, goods, and USA. U.S. trade balance and trade policy (1895–2015) U.K. balance of trade in goods (since 1870) The balance of trade forms part of the current account, which includes other transactions such as income from the net international investment position as well as international aid. Trade in the balance: Europe's new Union Customs Code From cutting-edge California mobile devices and Chinese manufactured products sold throughout Europe to French luxury items and German automobiles exported around the world, companies that can move their goods efficiently and cost-effectively across the European Union (EU)'s borders gain advantages in time and money. The EU trade policy is an important element of the external dimension of the âEurope 2020 strategy for smart, sustainable and inclusive growthâ and is one of the main pillars of the EUâs relations with the rest of the world. Considering the first ten months of the year, the trade surplus widened to EUR 180.1 billion from EUR 178.2 billion as exports slipped 11.1 percent and imports dropped 12.4 percent due to the coronavirus crisis. Exports tumbled 9% to EUR 199.3 billion, due to mineral fuels, lubricants & related materials (-38.3%); machinery & transport equipment (-9.8%) and manufactured goods classified chiefly by material (-7.7%). European Commission Directorate-General for Trade 08-05-2020 3 Units A4 / G2 European Union, Trade with USA Total goods: EU Trade flows and balance, annual data 2009 - 2019 Source Eurostat Comext - Statistical regime 4 Total goods: EU Trade flows and balance Source Eurostat Comext - Statistical regime 4 Period Imports Exports Balance Total trade The United States (EUR 2 214 billion, 16 %) was the largest importer in the world, followed by the EU-27 (EUR 1 908 billion, 14 %), China (EUR 1 810 billion, 13 %), Japan (EUR 634 billion, 5 %) and the United Kingdom (EUR 571 billion, 4 %). The openness of the EUâs trade regime has meant that the EU is the biggest player on the global trading scene and remains a good region to do business with. Details may not equal totals due to rounding. Trade Balance The U.S. goods trade deficit with the EU 27 was $184.3 billion in 2019, a 5.8 percent increase ($10.1 billion) over 2018. Debate continues over the causes and impacts of this trade deficit, and the nature of any measures required in response. The red shades denote the primary products: food & drink, raw materials and energy, while the blue shades show the manufactured goods: chemicals, machinery & vehicles and other manufactured goods. The US goods trade deficit widened slightly to USD 80.42 billion in October 2020, from USD 79.36 billion in the previous month, revised data showed. Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe. The United States (EUR 1 412 billion, 10 %) was the third largest exporter in the world, preceded by China (EUR 2 107 billion, 16 %) and the EU-27 (EUR 2 060 billion, 15 %) and followed by Japan (EUR 626 billion, 5 %) and South Korea (EUR 513 billion, 4 %). The largest deficit was held by the … 2 The biggest categories were commercial aircraft, automobiles, and food. 2020 : U.S. trade in goods with Poland . Export dropped at a softer 3.1 percent to EUR 190.3 billion, as sales decreased for mineral fuels, lubricants & related materials (-43%); manufactured goods classified chiefly by material (-4.3%); machinery & transport equipment (-2.6%); and miscellaneous manufactured articles (-2.8%). The largest deficit was held by the Netherlands (EUR 14 506 million), followed by Belgium (EUR … The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries. In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it. Ireland (22.5 %) had the highest share for the United States in its extra-EU imports. When a country has a surplus, it also has control over the majority of its currency in the global economy, which reduces the risk of falling currency value. Both exports to and imports from the United States increased between 2009 and 2019. Goods Trade Balance in the United States averaged -21514.83 USD Million from 1955 until 2020, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -83080 USD Million in August of 2020. As a consequence, while imports from any other extra-EU-27 trade partner are grouped by country of origin, the United Kingdom data reflect country of consignment. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. Trade values are expressed in millions or billions (109) of euros. The EU had trade deficits in raw materials (EUR 5 billion) and energy (EUR 11 billion). For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations. The position of the United States among the largest trade partners of the EU in 2019 can be seen in Figure 3. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). It is called a FOB value (free on board) for exports and a CIF value (cost, insurance, freight) for imports. Figure 6 shows the evolution of EU imports and exports by SITC group since 2009. Imports fell 14.3 percent, due to purchases of mineral fuels, lubricants and related materials (-42.1 percent), machinery and transport equipment (-11.4 percent), miscellaneous manufactured articles (-11.3 percent), chemicals and related products (-10.6 percent), manufactured goods classified chiefly by material (-10.5 percent), crude materials, inedible, except fuels (-12.2 percent), and food, drinks and tobacco (-7.9 percent). However, the United Kingdom is still part of the internal market until the end of the transitory period, meaning that data on trade with the United Kingdom are still based on statistical concepts applicable to trade between the EU Member States. Euro area is a net importer of energy and raw materials. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). Ten belonged to machinery and vehicles, four to chemicals, three to other manufactured products, two to energy and one to food and drink. China was the main partner for the EU due to an increase of imports (+3.4%) while exports remained almost unchanged. Nine products were above 200 %, indicating EU exports to the United States were at least twice as large as EU imports from the United States. The Trump administration is threatening to impose additional duties … U.S. Exports . to the amount which would be invoiced in the event of sale or purchase at the national border of the reporting country. A positive balance of trade or trade surplus is favorable, as it indicates a net inflow of capital from foreign markets into the domestic economy. The European Union's trade surplus in goods with the United States increased in the first four months of 2019 while its deficit with China widened, figures that could further strain global tensions. Both exports to and imports from the United States increased between 2009 and 2019. This has been accompanied by a relatively low savings ratio and high levels of government and corporate debt. Imports dropped 13.5 percent to EUR 141.6 billion, due to lower purchases of mineral fuels, lubricants & related materials (-41.7%); machinery & transport equipment (-9.5%); miscellaneous manufactured articles (-8.9%); chemicals & related products (-12.4%); manufactured goods classified chiefly by material (-8.7%); crude materials, inedible, except fuels (-18.8%); and food, drinks and tobacco (-7.8%). The imports and exports of goods of the EU and the United States indexed at 100 in 2008 for the period to 2018 are shown in Figure 2. Table 1b shows the exports of goods to the United States by Member State. In practice this means that the goods imported by the EU-27 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. US trade balance from 1960. The most imported manufactured goods were machinery & vehicles (40 %), followed by chemicals (23 %) and other manufactured products (17 %). It shows that 22 Member States had a trade surplus with the United States. A full description is available from Eurostatâs classification server RAMON. EU exports to the United States were highest in 2019 (EUR 384 billion) and lowest in 2009 (EUR 169 billion). Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. For this reason data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU-27 trade partners. Table reflects only those months for which there was trade. Download historical data for 20 million indicators using your browser. Information on commodities exported and imported is presented according to the Standard international trade classification (SITC). Hors commerce intra-communautaire (qui représente le double du commerce extérieur), les échanges de biens (exportations et importations) de l'UE avec le reste du monde représentent environ 15% du commerce mondial de biens. The Euro Area trade surplus widened to EUR 27.9 billion in July 2020 from EUR 23.2 billion in the corresponding month of the previous year. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. There are other ways to look at this. EU-the United States trade by type of goods, Trade with the United States by Member State, EU-27 - United States international trade in goods statistics - graphs and tables, Standard international trade classification (SITC), Full access to detailed statistics on international trade in goods (Comext), International trade in goods statistics - background, User guide on European statistics on international trade in goods, https://ec.europa.eu/eurostat/statistics-explained/index.php?title=USA-EU_-_international_trade_in_goods_statistics&oldid=483680. European Commission Directorate-General for Trade 08-05-2020 3 Units A4 / G2 European Union, Trade with China Total goods: EU Trade flows and balance, annual data 2009 - 2019 Source Eurostat Comext - Statistical regime 4 Total goods: EU Trade flows and balance Source Eurostat Comext - Statistical regime 4 Period Imports Exports Balance Total trade Exports dropped 10.4 percent, led by lower sales of mineral fuels, lubricants and related materials (-41.6 percent), manufactured goods classified chiefly by material (-15.0 percent), machinery and transport equipment (-11.7 percent), miscellaneous manufactured articles (-11.7 percent), crude materials, inedible, except fuels (-7.0 percent) and chemicals and related products (-3.0 percent). The 2019 U.S. trade balance is negative, showing a deficit of $617 billion. Figure 1 shows the world's largest traders fo goods. Data for the non EU-27 countries used in figures 1-3 are taken from the UNCTAD database of the United Nations. Ireland (49.1 %) had the highest share for the United States in its extra-EU exports. Table reflects only those months for which there was trade. Euro Area (19) G7; G20; None; Show baseline: EA19. “We have a huge trade deficit with the European Union” Jacob Rees-Mogg MP, 16 March 2017. Capital goods comprise the largest portions of both U.S. exports and imports. Trade relations between the U.S. and the European Union (EU) have hit another rough patch. A positive number indicates … In 2019, the United States was the largest partner for EU exports of goods (18 %). The International trade balance indicator is the difference between exports and imports of goods. COMEXT is the reference database for international trade in goods. The largest deficit was held by the Netherlands (EUR 14 506 million), followed by Belgium (EUR 3 995 million) and Luxembourg (EUR 279 million). Germany, Italy, France and Netherlands account for the largest share of total trade. In 2009, the EU had a trade surplus with the United States of EUR 42 billion. 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). Current Account Balance: Total Trade of Goods for Japan (DISCONTINUED) US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted Q1 1985 to Q4 2013 (2017-04-13) Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). The trade in goods balance between the EU Member States and China is shown in Table 1c. Euro Area runs regular trade surpluses primarily due to its high export of manufactured goods such as machinery and vehicles. There were five Member States that had a trade deficit with the United States. According to the EU concepts and definitions, extra-EU trade statistics (trade between EU Member States and non-EU countries) do not record exchanges involving goods in transit, placed in a customs warehouse or given temporary admission (for trade fairs, temporary exhibitions, tests, etc.). Based on 2019 data, goods contribute 66%, or $1.7 trillion, to U.S. exports. Figure 4 shows the exports, imports and trade balance between the EU and the United States from 2009 to 2019. Among EU Member States, Germany was both the largest importer of goods from and the largest exporter of goods to the United States. Export fell 12.2% to EUR 156.3 billion, as sales went down for mineral fuels, lubricants & related materials (-41.3%); manufactured goods classified chiefly by material (-12.5%); machinery & transport equipment (-12.1%); miscellaneous manufactured articles (-12.9%); and crude materials, inedible, except fuels (-4.7%). The Eurozone's trade surplus widened to EUR 24.8 billion in September 2020 from 18.4 billion in the corresponding month of the previous year and above market expectations of a EUR 22 billion surplus. The most exported manufactured goods were machinery & vehicles (41 %), followed by chemicals (27 %) and other manufactured products (21 %). The most traded product group at this level was medicinal and pharmaceutical products. Table 1a shows the imports of goods from the United States by Member State. In 2019, EU exports of manufactured goods (88 %) had a higher share than primary goods (9 %). The partner is the country of final destination of the goods for exports and the country of origin for imports. Balance of Trade in the Euro Area averaged 7117.17 EUR Million from 1999 until 2020, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -16418.80 EUR Million in January of 2011. They correspond to the statistical value, i.e. Exports of goods record flows from an EA/EU Member State to a non-EA/EU country while imports record inwards flows. 1999-2020 Data | 2021-2022 Forecast | Calendar. Details may not equal totals due to rounding. Therefore the United Kingdom is considered as an extra-EU partner country for the EU-27. Eurozone Consumer Morale Improves in December, Euro Area Current Account Surplus Rises in October, Eurozone Consumer Price Deflation Confirmed, Euro Area Construction Output Falls for 2nd Month, Eurozone Economy Close to Stabilizing in December, Eurozone Services Activity Shrinks Less than Forecast, Euro Area Factory Growth Highest in 2-1/2-Years, China Industrial Profits Rise 2.4% YoY in January-November, Turkish Business Sentiment Improves in December, US Stocks End Shortened Session in the Green, Egypt Keeps Rates Steady, Sets New Inflation Target. Exports to the US in 2016 were worth £100 billion, more than twice as much as exports to any other country. Exports increased 2.2 percent to USD 182 billion in 2020, while imports rose 2.1 percent to $245.1 billion, reflection both the ongoing impact of the COVID-19 pandemic and the continued recovery from the sharp declines earlier this year. International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process. Latest monthly trade figures for EU and Euro area with Extra-EU Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - États-Unis - Balance commerciale. L'Union européenne est aujourd'hui la première puissance commerciale du monde, devant la Chine et les Etats-Unis. yearly; quarterly; monthly; latest data available. Finally, other goods are shown in green. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. It was followed by the United Kingdom (15 %), China (9 %), Switzerland (7 %) and Russia (4 %). These ratios can be found in the right-hand margin of Figure 7. 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. We had a trade deficit with the EU of … Balance commerciale - Liste des pays - Valeurs actuelles, les valeurs précédentes, prévisions, statistiques et graphiques.Europe -Balance commerciale - Liste des pays - Valeurs actuelles, les valeurs précédentes, prévisions, statistiques et graphiques. These top 20 goods covered 64 % of total trade in goods in 2019. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges. More detail about the goods exchanged between the EU and the United States is given in Figure 7, showing the 20 most traded goods at SITC-3 level. Ten products were between 50 % and 200 %, showing more balanced trade. The United States was the largest importer and the third largest exporter in the world in 2018. The EU-27 data reflect the political change in the EU composition. Main trading partners are the United Kingdom (12 percent of total exports and 10 percent of imports) and the United States (13 percent of exports and 6 percent of imports). It shows that 22 Member States had a trade surplus with the United States. The largest surplus was held by Germany (EUR 65 224 million), followed by Ireland (EUR 34 446 million) and Italy (EUR 28 585 million). On parle aussi de solde commercial. Imports were $3.1 trillion and exports were only $2.5 trillion. Another way of putting this is that the EU sells more to us than we sell to it. The three largest exporters to the United States in the EU were Germany (EUR 119 397 million), Ireland (EUR 46 687 million) and Italy (EUR 45 584 million). This page provides the latest reported value for - Euro Area Balance of Trade - plus previous releases, … Exports from the United States were lowest in 2009 (82) and highest in 2018 (129). Another interesting way to look at the data is to investigate the cover ratio (exports / imports) of traded goods, showing the direction of the trade flows between the two economies. It provides access not only to both recent and historical data from the EU Member States but also to statistics of a significant number of third countries. The Eurozone's trade surplus widened to EUR 14.7 billion in August 2020 from 14.4 billion in the same month of the previous year but below market expectations of a EUR 15.1 billion surplus. The trade in goods balance between the EU Member States and the United States is shown in Table 1c. The U.S. goods trade surplus with United Kingdom was $5.9 billion in 2019, a 1.8% increase ($101 million) over 2018. The three largest importers from the United States in the EU were Germany (EUR 54 173 million), the Netherlands (EUR 43 982 million) and France (EUR 31 956 million). A positive number indicates … In 2019, EU imports of manufactured goods (80 %) also had a higher share than primary goods (17 %). EU Member States speak and negotiate collectively, both in the World Trade Organization, where the rules of international trade are agreed and enforced, and with individual trading partners. The United States exports more services than it imports. Exports from the EU were lowest in 2009 (83) and highest in 2018 (145). But that doesn’t necessarily mean that “they need us more than we need them”, as it was often put during the referendum campaign. That trade deficit reflects a -2.4% reduction from the -$946.4 billion negative score for 2018 but a 16.9% expansion from -$789.7 billion in 2012. Our trade surplus with the USA was about £34 billion in the year to June 2017, using figures from the Office for National Statistics. The US trade deficit widened to USD 63.1 Billion in October of 2020 from a revised USD 62.1 billion in the previous month and compared to market expectations of USD 64.8 billion. There were 24 Member States that had a trade deficit with China. The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. This article provides a picture of the international trade in goods between the European Union (EU) and the United States.