The United States is the European Union's biggest trading partner as of 2023, with the total value of trade between the EU and the North American country exceeding 848 billion dollars. China was the EU's second largest trading partner, however, in contrast to the substantial trade surplus which the EU has with the United States, the EU has a large trade deficit with China. In 2022, the EU imported 292 billion Euros more worth of goods from China than it exported to the east Asian country. Other prominent trade partners in 2022 included the UK, Switzerland, and Turkey.
Total value of the European's Union's trade, exports, imports, and trade balance in goods with its largest non-EU trading partners in 2023, by country
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Eurostat. (April 16, 2024). Total value of the European's Union's trade, exports, imports, and trade balance in goods with its largest non-EU trading partners in 2023, by country [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1424074/extra-eu-trade-value-exports-imports-balance/
Eurostat. "Total value of the European's Union's trade, exports, imports, and trade balance in goods with its largest non-EU trading partners in 2023, by country." Chart. April 16, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1424074/extra-eu-trade-value-exports-imports-balance/
Eurostat. (2024). Total value of the European's Union's trade, exports, imports, and trade balance in goods with its largest non-EU trading partners in 2023, by country. Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1424074/extra-eu-trade-value-exports-imports-balance/
Eurostat. "Total Value of The European's Union's Trade, Exports, Imports, and Trade Balance in Goods with Its Largest Non-eu Trading Partners in 2023, by Country." Statista, Statista Inc., 16 Apr 2024, https://www.statista.com/statistics/1424074/extra-eu-trade-value-exports-imports-balance/
Eurostat, Total value of the European's Union's trade, exports, imports, and trade balance in goods with its largest non-EU trading partners in 2023, by country Statista, https://www.statista.com/statistics/1424074/extra-eu-trade-value-exports-imports-balance/ (last visited November 26, 2024)
Total value of the European's Union's trade, exports, imports, and trade balance in goods with its largest non-EU trading partners in 2023, by country [Graph], Eurostat, April 16, 2024. [Online]. Available: https://www.statista.com/statistics/1424074/extra-eu-trade-value-exports-imports-balance/
