The physical element of international trade in goods is often neglected, as international statistics tend to focus on monetary value. Climate change and the escalating destruction of the natural environment make it clear, however, that the tangible elements of international trade need also to be taken into account.
In spite of the monetary value of goods traded within the EU increasing consistently over the period since 1999, the physical weight of these goods only increased until around 2014, after which it has plateaued. Since the onset of the COVID-19 pandemic, the physical volume of goods traded has even begun to decline slightly. The ability of the monetary value of economic activity to grow while its physical impact declines is a key policy aim of governments who wish to pursue a 'green growth' agenda - i.e. ensuring economic growth is compatible with policy pledges to reduce carbon emission to zero.
Total annual trade in goods within the European Union from 1999 to 2022, by weight
(in millions of metric tonnes)
The data presented is the weight of intra-EU imports. In theory, as all imports within the European Union must be accounted for as another member state's exports, the two measures should balance each other out. In practice, however, some discrepancies in how exports/imports are counted or valued may result in small discrepancies between the figures.
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Eurostat. (March 20, 2023). Total annual trade in goods within the European Union from 1999 to 2022, by weight (in millions of metric tonnes) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1375299/eu-internal-trade-goods-by-weight/
Eurostat. "Total annual trade in goods within the European Union from 1999 to 2022, by weight (in millions of metric tonnes) ." Chart. March 20, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1375299/eu-internal-trade-goods-by-weight/
Eurostat. (2023). Total annual trade in goods within the European Union from 1999 to 2022, by weight (in millions of metric tonnes) . Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1375299/eu-internal-trade-goods-by-weight/
Eurostat. "Total Annual Trade in Goods within The European Union from 1999 to 2022, by Weight (in Millions of Metric Tonnes) ." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/1375299/eu-internal-trade-goods-by-weight/
Eurostat, Total annual trade in goods within the European Union from 1999 to 2022, by weight (in millions of metric tonnes) Statista, https://www.statista.com/statistics/1375299/eu-internal-trade-goods-by-weight/ (last visited August 25, 2024)
Total annual trade in goods within the European Union from 1999 to 2022, by weight (in millions of metric tonnes) [Graph], Eurostat, March 20, 2023. [Online]. Available: https://www.statista.com/statistics/1375299/eu-internal-trade-goods-by-weight/