A positive number indicates … The International trade balance indicator is the difference between exports and imports of goods. 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 There were five Member States that had a trade deficit with the United States. Euro zone trade balance 26.5B vs. 22.5B forecast By Investing.com - Nov 15, 2016. 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. COMEXT is the reference database for international trade in goods. Finally, other goods are shown in green. The position of the United States among the largest trade partners of the EU in 2019 can be seen in Figure 3. These ratios can be found in the right-hand margin of Figure 7. The most traded product group at this level was medicinal and pharmaceutical products. The trade in goods balance between the EU Member States and the United States is shown in Table 1c. 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. 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%). Table 1a shows the imports of goods from the United States by Member State. 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. One-third of exported goods are capital goods ($547 billion). Debate continues over the causes and impacts of this trade deficit, and the nature of any measures required in response. Euro Area (19) G7; G20; None; Show baseline: EA19. 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%). Ten belonged to machinery and vehicles, four to chemicals, three to other manufactured products, two to energy and one to food and drink. The largest deficit was held by the … Exports from the EU were lowest in 2009 (83) and highest in 2018 (145). This has been accompanied by a relatively low savings ratio and high levels of government and corporate debt. 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. In 2019, the United States was the largest partner for EU exports of goods (18 %). Euro area is a net importer of energy and raw materials. 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. The trade in goods balance between the EU Member States and China is shown in Table 1c. 2 The biggest categories were commercial aircraft, automobiles, and food. The trade in goods balance between the EU Member States and the United States is shown in Table 1c. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). Therefore the United Kingdom is considered as an extra-EU partner country for the EU-27. Imports declined at a faster 11.7% to EUR 169.3 billion, due to mineral fuels, lubricants & related materials (-37.9%); beverages and tobacco (-13.7%) and machinery & transport equipment (-12.3%). The U.S. trade deficit in goods and services was $616.8 billion in 2019. 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. 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. 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 exports more services than it imports. 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). The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. 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. EU data is taken from Eurostat's COMEXT database. 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 cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. The largest deficit was held by the Netherlands (EUR 14 506 million), followed by Belgium (EUR … 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 EU-27 data reflect the political change in the EU composition. Table 1b shows the exports of goods to the United States by Member State. Based on 2019 data, goods contribute 66%, or $1.7 trillion, to U.S. exports. Data for the non EU-27 countries used in figures 1-3 are taken from the UNCTAD database of the United Nations. EU and the United States in world trade in goods. Ireland (49.1 %) had the highest share for the United States in its extra-EU exports. 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). But that doesn’t necessarily mean that “they need us more than we need them”, as it was often put during the referendum campaign. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. In 2019, the United States was the largest partner for EU exports of goods (18 %) and the second largest partner for EU imports of goods (12 %). 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. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. The U.S. goods trade surplus with United Kingdom was $5.9 billion in 2019, a 1.8% increase ($101 million) over 2018. It shows that three Member States had a trade surplus with China. Table reflects only those months for which there was trade. 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. Latest monthly trade figures for EU and Euro area with Extra-EU Figure 1 shows the world's largest traders fo goods. On parle aussi de solde commercial. L'Union européenne est aujourd'hui la première puissance commerciale du monde, devant la Chine et les Etats-Unis. Direct access to our calendar releases and historical data. The most exported manufactured goods were machinery & vehicles (41 %), followed by chemicals (27 %) and other manufactured products (21 %). The partner is the country of final destination of the goods for exports and the country of origin for imports. Try the new automatic translation by clicking on the blue icon âTranslateâ up in the right corner of the article! 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. Trade values are expressed in millions or billions (109) of euros. 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). A eux trois, ils représentent près de la moitié (45%) du commerce international. USA global trade The overall US trade balance for all products totaled -US$923.2 billion in red ink for 2019. Statistics on extra-EU trade are calculated as the sum of trade of each of the 27 EU Member States with countries outside the EU. 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. 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. 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. Investment En … It also shows the cover ratio (exports / imports) for this period. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). In 2019, the U.S. trade deficit in goods alone was $866 billion. 2020 : U.S. trade in goods with Poland . The EU had trade deficits in raw materials (EUR 5 billion) and energy (EUR 11 billion). 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. 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. This article provides a picture of the international trade in goods between the European Union (EU) and the United States. 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. 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. Imports were $3.1 trillion and exports were only $2.5 trillion. The United States has a services trade surplus of an estimated $16 billion with United Kingdom in 2019, down 12.3% from 2018. This common policy enables them to speak with one voice in trade negotiations, maximising their impact in such negotiations. Exports of goods record flows from an EA/EU Member State to a non-EA/EU country while imports record inwards flows. to the amount which would be invoiced in the event of sale or purchase at the national border of the reporting country. 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). 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 ). They correspond to the statistical value, i.e. US trade balance from 1960. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. Ireland (22.5 %) had the highest share for the United States in its extra-EU imports. 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 most imported manufactured goods were machinery & vehicles (40 %), followed by chemicals (23 %) and other manufactured products (17 %). Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). 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. Euro Area runs regular trade surpluses primarily due to its high export of manufactured goods such as machinery and vehicles. “We have a huge trade deficit with the European Union” Jacob Rees-Mogg MP, 16 March 2017. Our trade surplus with the USA was about £34 billion in the year to June 2017, using figures from the Office for National Statistics. In 2009, the EU had a trade surplus with the United States of EUR 42 billion. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges. There were 24 Member States that had a trade deficit with China. The cover ratio for the United States was lowest in 2008 (59 %) and highest in 2013 (68 %) and was 64 % in 2018. The US is the country from which the UK earns the most through trade. 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. The largest surplus was held by Germany (EUR 19 511 million), followed by Ireland (EUR 5 061 million) and Finland (EUR 1 252 million). 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. Trade is an important indicator of Europeâs prosperity and place in the world. Exports to the US in 2016 were worth £100 billion, more than twice as much as exports to any other country. 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. It was followed by the United Kingdom (15 %), China (9 %), Switzerland (7 %) and Russia (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. This is known as âspecial tradeâ. Details may not equal totals due to rounding. In 2019, EU imports of manufactured goods (80 %) also had a higher share than primary goods (17 %). Time. China was the main partner for the EU due to an increase of imports (+3.4%) while exports remained almost unchanged. 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. 1999-2020 Data | 2021-2022 Forecast | Calendar. Trade relations between the U.S. and the European Union (EU) have hit another rough patch. Balance of Trade in the United States … 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). 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. 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. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries. Publish your articles and forecasts in our website. The current account balance of payments is a record of a country's international transactions with the rest of the world. U.S. Exports . La balance commerciale dun État ou d'une autre zone géographique ou économique comme lUnion européenne ou la zone euro1 est lélément de comptabilité nationale qui répertorie et résume ses exportations et importations de biens, et de services marchands … yearly; quarterly; monthly; latest data available. 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 %). A full description is available from Eurostatâs classification server RAMON. 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 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. Capital goods comprise the largest portions of both U.S. exports and imports. Figure 4 shows the exports, imports and trade balance between the EU and the United States from 2009 to 2019. The 2019 U.S. trade balance is negative, showing a deficit of $617 billion. 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. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - États-Unis - Balance commerciale. 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. Another way of putting this is that the EU sells more to us than we sell to it. There were five Member States that had a trade deficit with the United States. Both exports to and imports from the United States increased between 2009 and 2019. Details may not equal totals due to rounding. This page has been accessed 39,926 times. 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. We had a trade deficit with the EU of … 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. 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). Definition of Current account balance. Imports declined 7.1 percent year-on-year to EUR 165.5 billion, due to lower purchases of mineral fuels, lubricants & related materials (-41%); manufactured goods classified chiefly by material (-5.5%); chemicals & related products (-4.8%); machinery & transport equipment (-4.4%); miscellaneous manufactured articles (-1.7%); crude materials, inedible, except fuels (-1.9%); and food, drinks and tobacco (-2.8%). Figure 6 shows the evolution of EU imports and exports by SITC group since 2009. In 2019, EU exports of manufactured goods (88 %) had a higher share than primary goods (9 %). Germany, Italy, France and Netherlands account for the largest share of total trade. Both exports to and imports from the United States increased between 2009 and 2019. Table reflects only those months for which there was trade. 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. EU exports to the United States were highest in 2019 (EUR 384 billion) and lowest in 2009 (EUR 169 billion). 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%). This is even more important in a globalised world in which economies tend to cluster together in regional groups. It shows that 22 Member States had a trade surplus with the United States. International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process.
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