Does the US have a trade deficit with the EU?
Does the US have a trade deficit with the EU?
The U.S. goods and services trade deficit with the EU 27 was $130 billion in 2019. U.S. Goods trade (exports plus imports) with the EU 27 totaled $720 billion in 2019. Goods exports totaled $268 billion; goods imports totaled $452 billion. The U.S. goods trade deficit with The EU 27 was $184 billion in 2019.
How much does the EU export to the USA?
European Union exports to United States was US$400.41 Billion during 2020, according to the United Nations COMTRADE database on international trade. European Union exports to United States – data, historical chart and statistics – was last updated on August of 2021.
What is the value of trade with EU?
Trade in goods between EU Member States (intra-EU trade) was valued — in terms of exports — at EUR 2 843 billion in 2020. This was 47 % higher than the level recorded for exports leaving the EU to non-member countries of EUR 1 932 billion (extra-EU trade).
Is the EU the US largest trading partner?
According to the European Commission Directorate-General for Trade….List of the largest trading partners of the European Union.
| Country/district | United States |
|---|---|
| Exports | 353 |
| Imports | 202 |
| Total trade | 555 |
| Trade balance | 150.9 |
What’s the balance of trade in the EU?
Balance of Trade in European Union is expected to be 3200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in European Union to stand at 10200.00 in 12 months time.
When does the US balance of trade come out?
The US balance of trade is released monthly by the Bureau of Economic Analysis, about 5 weeks after the reporting month ends.
What’s the trade deficit in the European Union?
European Union Balance of Trade European Union recorded a trade deficit of 109.90 EUR Million in July of 2019. Balance of Trade in European Union averaged -7296.46 EUR Million from 1999 until 2019, reaching an all time high of 21471.90 EUR Million in December of 2016 and a record low of -34765.70 EUR Million in January of 2008.
How much does the United States trade with the European Union?
The United States had a $807 billion in total (two ways) goods trade with European Union countries during 2018. Goods exports totaled $319 billion; goods imports totaled $488 billion.