There were five Member States that had a trade deficit with the United States. Ten products were between 50 % and 200 %, showing more balanced trade. Trade Balance. The breakdown of EU trade with the United States by SITC groups is shown in Figure 5. China was the main partner for the EU due to an increase of imports (+3.4%) while exports remained almost unchanged. Another way of putting this is that the EU sells more to us than we sell to it. Finally, other goods are shown in green. 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 United 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. There were 24 Member States that had a trade deficit with China. Imports were $3.1 trillion and exports were only $2.5 trillion. U.S. Exports . 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 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. 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%). This is even more important in a globalised world in which economies tend to cluster together in regional groups. This page provides the latest reported value for - Euro Area Balance of Trade - plus previous releases, … 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. Download historical data for 20 million indicators using your browser. The largest deficit was held by the Netherlands (EUR 14 506 million), followed by Belgium (EUR 3 995 million) and Luxembourg (EUR 279 million). 2020 : U.S. trade in goods with Poland . 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. The openness of the EU’s 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. The trade in goods balance between the EU Member States and the United States is shown in Table 1c. Exports from the EU were lowest in 2009 (83) and highest in 2018 (145). Euro area is a net importer of energy and raw materials. 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). This is known as ‘special trade’. The most traded product group at this level was medicinal and pharmaceutical products. 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. 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. Ireland (22.5 %) had the highest share for the United States in its extra-EU imports. Ireland (49.1 %) had the highest share for the United States in its extra-EU exports. 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 It is called a FOB value (free on board) for exports and a CIF value (cost, insurance, freight) for imports. This has been accompanied by a relatively low savings ratio and high levels of government and corporate debt. Try the new automatic translation by clicking on the blue icon “Translate” up in the right corner of the article! Direct access to our calendar releases and historical data. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). The most exported manufactured goods were machinery & vehicles (41 %), followed by chemicals (27 %) and other manufactured products (21 %). Table reflects only those months for which there was trade. 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. They correspond to the statistical value, i.e. 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. Investment 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. This page has been accessed 39,926 times. The cover ratio for the United States was lowest in 2008 (59 %) and highest in 2013 (68 %) and was 64 % in 2018. 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 %). 2020 : U.S. trade in goods with European Union . 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. 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. This common policy enables them to speak with one voice in trade negotiations, maximising their impact in such negotiations. 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). 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 ). 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%). 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. 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%). Ten belonged to machinery and vehicles, four to chemicals, three to other manufactured products, two to energy and one to food and drink. 2  The biggest categories were commercial aircraft, automobiles, and food. 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 %). 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. 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. Euro zone trade balance 26.5B vs. 22.5B forecast By Investing.com - Nov 15, 2016. The U.S. trade deficit in goods and services was $616.8 billion in 2019. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Table 1b shows the exports of goods to the United States by Member State. 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 position of the United States among the largest trade partners of the EU in 2019 can be seen in Figure 3. 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). 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. In 2019, the U.S. trade deficit in goods alone was $866 billion. Latest monthly trade figures for EU and Euro area with Extra-EU In 2019, EU exports of manufactured goods (88 %) had a higher share than primary goods (9 %). 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). The Trump administration is threatening to impose additional duties … Imports to the United States were lowest in 2009 (74) and highest in 2018 (120). The trade in goods balance between the EU Member States and the United States is shown in Table 1c. 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. It shows that 22 Member States had a trade surplus with the United States. The International trade balance indicator is the difference between exports and imports of goods. The largest deficit was held by the Netherlands (EUR 14 506 million), followed by Belgium (EUR … Details may not equal totals due to rounding. 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. Table reflects only those months for which there was trade. Euro Area runs regular trade surpluses primarily due to its high export of manufactured goods such as machinery and vehicles. 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 %). 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 partner is the country of final destination of the goods for exports and the country of origin for imports. 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 2019, the United States was the largest partner for EU exports of goods (18 %). In 2019, EU imports of manufactured goods (80 %) also had a higher share than primary goods (17 %). Definition of Current account balance. 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). Time. 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 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 largest deficit was held by the … 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. Euro Area (19) G7; G20; None; Show baseline: EA19. 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 The 2019 U.S. trade balance is negative, showing a deficit of $617 billion. Germany, Italy, France and Netherlands account for the largest share of total trade. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%). A full description is available from Eurostat’s classification server RAMON. The largest surplus was held by Germany (EUR 19 511 million), followed by Ireland (EUR 5 061 million) and Finland (EUR 1 252 million). These top 20 goods covered 64 % of total trade in goods in 2019. The most imported manufactured goods were machinery & vehicles (40 %), followed by chemicals (23 %) and other manufactured products (17 %). 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. U.S. trade balance with the EU in 2015 as reported by each party Sources: European Union, U.S. Census Bureau The asymmetries have existed for … The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. It shows that 22 Member States had a trade surplus with the United States. EU data is taken from Eurostat's COMEXT database. 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. “We have a huge trade deficit with the European Union” Jacob Rees-Mogg MP, 16 March 2017. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries. to the amount which would be invoiced in the event of sale or purchase at the national border of the reporting country. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. USA global trade The overall US trade balance for all products totaled -US$923.2 billion in red ink for 2019. EU and the United States in world trade in goods. 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. yearly; quarterly; monthly; latest data available. 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. 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. 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 … Debate continues over the causes and impacts of this trade deficit, and the nature of any measures required in response. Trade values are expressed in millions or billions (109) of euros. Figure 4 shows the exports, imports and trade balance between the EU and the United States from 2009 to 2019. Figure 1 shows the world's largest traders fo goods. Both exports to and imports from the United States increased between 2009 and 2019. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). It was followed by the United Kingdom (15 %), China (9 %), Switzerland (7 %) and Russia (4 %). Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. But that doesn’t necessarily mean that “they need us more than we need them”, as it was often put during the referendum campaign. There were five Member States that had a trade deficit with the United States. 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. 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) 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 %). 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. This article provides a picture of the international trade in goods between the European Union (EU) and 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). The U.S. goods trade surplus with United Kingdom was $5.9 billion in 2019, a 1.8% increase ($101 million) over 2018. The United States was the largest importer and the third largest exporter in the world in 2018. 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. Table 1a shows the imports of goods from the United States by Member State. 1999-2020 Data | 2021-2022 Forecast | Calendar. We had a trade deficit with the EU of … Trade relations between the U.S. and the European Union (EU) have hit another rough patch. 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). 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. Capital goods comprise the largest portions of both U.S. exports and imports. It shows that three Member States had a trade surplus with China. 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 A eux trois, ils représentent près de la moitié (45%) du commerce international. Trade is an important indicator of Europe’s prosperity and place in the world. Based on 2019 data, goods contribute 66%, or $1.7 trillion, to U.S. exports. This page was last modified on 28 May 2020, at 11:56.   One-third of exported goods are capital goods ($547 billion). 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. 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 trade surplus remained throughout the whole period, reaching EUR 153 billion in 2019. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. Among EU Member States, Germany was both the largest importer of goods from and the largest exporter of goods to the United States. The EU-27 data reflect the political change in the EU composition. EU imports from the United States were highest in 2019 (EUR 232 billion) and lowest in 2009 (EUR 127 billion). 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%).