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EU27 trade in goods balance close to €200 billion surplus

Mar 25, 2020 | News

(25 March 2020) – In 2019, the trade in goods balance of the European Union of 27 Member States was in surplus by €197 billion, a significant increase with respect to 2018 (+€152 bn).

© Greger Ravik

In almost all EU Member States, the main partner for exports and imports of goods in 2019 was another member of the European Union.

Machinery and transport equipment continued to play a major role in EU trade in goods with the rest of the world, accounting for 41% of total extra-EU exports and 33% of imports.

Other manufactured goods (23% of extra-EU exports and 24% of extra-EU imports) as well as chemicals (19% of extra-EU exports and 12% of extra-EU imports) also played a significant role in EU trade in goods in 2019.

Energy made up a minor share of extra-EU exports (5%), but accounted for 19% of all imports.

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