These top 20 goods covered 64 % of total trade in goods in 2019. 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. 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. 2020 : U.S. trade in goods with Poland . It shows that 22 Member States had a trade surplus with the United States. Table reflects only those months for which there was trade. The EU-27 data reflect the political change in the EU composition. Download historical data for 20 million indicators using your browser. 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. The largest surplus was held by Germany (EUR 65 224 million), followed by Ireland (EUR 34 446 million) and Italy (EUR 28 585 million). Euro area is a net importer of energy and raw materials. The US is the country from which the UK earns the most through trade. 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. 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. 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 balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries. Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). The Trump administration is threatening to impose additional duties … COMEXT is the reference database for international trade in goods. Therefore the United Kingdom is considered as an extra-EU partner country for the EU-27. 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. Exports to the US in 2016 were worth £100 billion, more than twice as much as exports to any other country. The largest deficit was held by the Netherlands (EUR 14 506 million), followed by Belgium (EUR … 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. 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. Figure 6 shows the evolution of EU imports and exports by SITC group since 2009. The 2019 U.S. trade balance is negative, showing a deficit of $617 billion. Details may not equal totals due to rounding. Trade values are expressed in millions or billions (109) of euros. In 2019, the United States was the largest partner for EU exports of goods (18 %). Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). Another way of putting this is that the EU sells more to us than we sell to it. 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. 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 L'Union européenne est aujourd'hui la première puissance commerciale du monde, devant la Chine et les Etats-Unis. The EU trade policy is an important element of the external dimension of the ‘Europe 2020 strategy for smart, sustainable and inclusive growth’ and is one of the main pillars of the EU’s relations with the rest of the world. This is even more important in a globalised world in which economies tend to cluster together in regional groups. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. The U.S. trade deficit in goods and services was $616.8 billion in 2019. 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. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. This article provides a picture of the international trade in goods between the European Union (EU) and the United States. The United States has a services trade surplus of an estimated $54.4 billion with the EU 27 in 2019, down 4.5 percent from 2018. We had a trade deficit with the EU of … For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations. In 2019, EU exports of manufactured goods (88 %) had a higher share than primary goods (9 %). Trade is an important indicator of Europe’s prosperity and place in the world. The largest surplus was held by Germany (EUR 65 224 million), followed by Ireland (EUR 34 446 million) and Italy (EUR 28 585 million). The United States was the largest importer and the third largest exporter in the world in 2018. It was followed by the United Kingdom (15 %), China (9 %), Switzerland (7 %) and Russia (4 %). “We have a huge trade deficit with the European Union” Jacob Rees-Mogg MP, 16 March 2017.   One-third of exported goods are capital goods ($547 billion). Ten belonged to machinery and vehicles, four to chemicals, three to other manufactured products, two to energy and one to food and drink. It shows that three Member States had a trade surplus with China. 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. They correspond to the statistical value, i.e. 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). Debate continues over the causes and impacts of this trade deficit, and the nature of any measures required in response. The U.S. goods trade surplus with United Kingdom was $5.9 billion in 2019, a 1.8% increase ($101 million) over 2018. The most exported manufactured goods were machinery & vehicles (41 %), followed by chemicals (27 %) and other manufactured products (21 %). Trade Balance. 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.). Details may not equal totals due to rounding. It shows that 22 Member States had a trade surplus with the United States. EU imports from the United States were highest in 2019 (EUR 232 billion) and lowest in 2009 (EUR 127 billion). The United States exports more services than it imports. 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. Based on 2019 data, goods contribute 66%, or $1.7 trillion, to U.S. exports. 2  The biggest categories were commercial aircraft, automobiles, and food. There were five Member States that had a trade deficit with the United States. 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. 2020 : U.S. trade in goods with European Union . Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. 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. Figure 1 shows the world's largest traders fo goods. 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). Table 1b shows the exports of goods to the United States by Member State. 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. En … Publish your articles and forecasts in our website. 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. 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 largest deficit was held by the Netherlands (EUR 14 506 million), followed by Belgium (EUR 3 995 million) and Luxembourg (EUR 279 million). The partner is the country of final destination of the goods for exports and the country of origin for imports. The cover ratio for the United States was lowest in 2008 (59 %) and highest in 2013 (68 %) and was 64 % in 2018. US trade balance from 1960. Finally, other goods are shown in green. 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 most traded product group at this level was medicinal and pharmaceutical products. Latest monthly trade figures for EU and Euro area with Extra-EU Both exports to and imports from the United States increased between 2009 and 2019. In 2009, the EU had a trade surplus with the United States of EUR 42 billion. 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. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. There were 24 Member States that had a trade deficit with China. Balance of Trade in the United States … United Kingdom (UK) trade balance with European Union 1999-2019 UK import value of trade goods from the euro area 2012-2018 UK export value of trade goods to euro area 2010-2018 The most imported manufactured goods were machinery & vehicles (40 %), followed by chemicals (23 %) and other manufactured products (17 %). 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%). 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. 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%). A positive number indicates … Information on commodities exported and imported is presented according to the Standard international trade classification (SITC). The United States has a services trade surplus of an estimated $16 billion with United Kingdom in 2019, down 12.3% from 2018. Figure 4 shows the exports, imports and trade balance between the EU and the United States from 2009 to 2019. USA global trade The overall US trade balance for all products totaled -US$923.2 billion in red ink for 2019. 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. The trade in goods balance between the EU Member States and China is shown in Table 1c. This page provides the latest reported value for - Euro Area Balance of Trade - plus previous releases, … The position of the United States among the largest trade partners of the EU in 2019 can be seen in Figure 3. 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. 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. On parle aussi de solde commercial. The International trade balance indicator is the difference between exports and imports of goods.