POST Online Media Lite Edition


One third of EU trade with U.S. and China

Staff Writer |
In 2016, the United States (€610 bn, or 17.7% of total EU trade in goods) and China (€515 bn, or 14.9%) continued to be the two main goods trading partners of the European Union (EU).

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The U.S. were well ahead of Switzerland (€264 bn, or 7.6%), Russia (€191 bn, or 5.5%), Turkey (€145 bn, or 4.2%) and Japan (€125 bn, or 3.6%).

Trends observed over the past years are however very different for these top trading partners of the EU.

After recording a significant and almost continuous fall until 2011, the share of the United States in EU total trade in goods has begun to increase again to reach 17.7% in 2016.

The share of China has almost tripled since 2000, rising from 5.5% to 14.9% in 2016. Since 2013 the share of Russia in total EU trade in goods has nearly halved to 5.5% in 2016, as did the share of Japan since 2000 to 3.6% in 2016.

As for Switzerland and Turkey, their respective share remained relatively unchanged over the entire time period.

In 2016, machinery and transport equipment, other manufactured goods and chemicals represented the main categories of product traded by the EU.