European Union

In 2013, the value of merchandise exports of the EU increased slightly by 3.4 percent to reach 2326.3 bln US$, while its merchandise imports decreased slightly by 4.8 percent to reach 2243.4 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a surplus of 82.9 bln US$ compared to a deficit in 2012 (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at - 142.1 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 2012, the value of exports of services of the EU increased slightly by 0.5 percent, reaching 850.5 bln US$, while its imports of services decreased slightly by 1.7 percent and reached 653.4 bln US$ (see graph 2). There was a trade in services surplus of 197.1 bln US$. See footnote.

Related Subject(s): International Trade and Finance