European Union

In 2014, the value of merchandise exports of the EU decreased slightly by 2.5 percent to reach 2337.4 bln US$, while its merchandise imports decreased slightly by 0.4 percent to reach 2274.2 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small surplus of 63.2 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at -153.4 bln US$ (see graph 4). Merchandise exports in the EU were diversified amongst partners; imports were also diversified. The top 24 partners accounted for 80 percent or more of exports and 22 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of the EU increased moderately by 6.9 percent, reaching 908.9 bln US$, while its imports of services increased slightly by 3.9 percent and reached 679.0 bln US$ (see graph 2). There was a moderate trade in services surplus of 230.0 bln US$. See footnote*.

Related Subject(s): International Trade and Finance