The European Union's balance of trade in goods is driven by a few of its largest economies. Germany, the EU's pre-eminent economic power, has run a large trade surplus with countries outside the EU over the past two decades, with this surplus more than doubling after the global financial crisis and great recession. Italy also emerged as a large net exporter over the 2010s, along with Ireland, Sweden and France.
On the other hand, the Netherlands has by far run the largest trade deficit with non-EU countries among the bloc. Other notable net goods importers among the EU member states include Spain and Poland.
Annual international trade balance in goods of the European Union with the rest of world broken down by EU member states in 2023
(in millions of Euro)
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Eurostat. (April 16, 2024). Annual international trade balance in goods of the European Union with the rest of world broken down by EU member states in 2023 (in millions of Euro) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1364279/international-trade-eu-goods-trade-balance-member-state/
Eurostat. "Annual international trade balance in goods of the European Union with the rest of world broken down by EU member states in 2023 (in millions of Euro)." Chart. April 16, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1364279/international-trade-eu-goods-trade-balance-member-state/
Eurostat. (2024). Annual international trade balance in goods of the European Union with the rest of world broken down by EU member states in 2023 (in millions of Euro). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1364279/international-trade-eu-goods-trade-balance-member-state/
Eurostat. "Annual International Trade Balance in Goods of The European Union with The Rest of World Broken down by Eu Member States in 2023 (in Millions of Euro)." Statista, Statista Inc., 16 Apr 2024, https://www.statista.com/statistics/1364279/international-trade-eu-goods-trade-balance-member-state/
Eurostat, Annual international trade balance in goods of the European Union with the rest of world broken down by EU member states in 2023 (in millions of Euro) Statista, https://www.statista.com/statistics/1364279/international-trade-eu-goods-trade-balance-member-state/ (last visited December 23, 2024)
Annual international trade balance in goods of the European Union with the rest of world broken down by EU member states in 2023 (in millions of Euro) [Graph], Eurostat, April 16, 2024. [Online]. Available: https://www.statista.com/statistics/1364279/international-trade-eu-goods-trade-balance-member-state/
