STAT/07/57

27 April 2007

EU - USA Summit                                                                            
An EU27 surplus in trade in goods of more than 90 billion euro with the USA in 2006                                 
An increasing trade surplus with the USA

Taking goods and services together, the EU and the USA account for the largest bilateral trade relationship in the world. The significant amount of bilateral trade and investment illustrates a high degree of interdependence of the two economies.

On the occasion of the European Union - USA summit, which will take place on Monday 30 April in Washington DC, Eurostat, the Statistical Office of the European Communities, issues data on trade and investments between the USA and the EU.

Germany and the United Kingdom largest EU trade partners of the USA

In 2006, the EU27 exported 269 billion euro of goods to the USA, while imports amounted to 178 billion. The most notable feature of EU-US trade over recent years has been the continued growth in the EU27 surplus, from 32 billion in 2000 to 91 billion in 2006. This increase in the surplus is due both to an increase in exports to the USA (from 238 billion in 2000 to 269 billion in 2006), and to a decrease in imports from the USA (from 206 billion to 178 billion). In relative terms, EU27 exports to the USA fell from 28% of total EU27 exports in 2000 to 23% in 2006, while imports declined from 21% to 13% over the same period. Almost 42% of EU27 exports to the USA, and nearly 45% of EU27 imports from the USA, were machinery and vehicles¹ in 2006.

Among the Member States, Germany was the largest exporter to the USA in 2006, with 76 billion euro, or 28% of the total, followed by the United Kingdom (46 billion or 17%). The United Kingdom (39 billion or 22%) and Germany (37 billion or 21%) were also the largest importers. Most Member States recorded a surplus in trade with the USA in 2006, the largest being registered by Germany (+40 billion), Italy (+14 billion) and Ireland (+10 billion).

EU27 trade in goods with the USA

million euro

EU27 trade in goods with the USA by product

million euro

	Exports		Imports		Balance
	2000	2006	2000	2006	2000	2006
Total	238 203	268 905	206 280	177 711	31 923	91 195
Primary products:	22 635	32 748	16 491	17 482	6 144	15 267
Food & drink	9 229	11 323	6 143	5 472	3 086	5 851
Crude materials	2 342	3 632	8 105	7 793	-5 763	-4 161
Energy	11 064	17 793	2 243	4 216	8 821	13 577
Manufactured goods:	211 392	229 221	183 653	150 362	27 739	78 859
Chemicals	35 279	54 921	26 609	34 626	8 670	20 295
Machinery & vehicles1	115 311	112 934	116 391	79 288	-1 080	33 646
Other manuf’d articles1	60 802	61 366	40 654	36 449	20 148	24 918
Other	4 176	6 936	6 136	9 867	-1 960	-2 931

 EU27 and Member States trade in goods with the USA

million euro

	Exports		Imports		Balance
	2000	2006	2000	2006	2000	2006
EU27	238 203	268 905	206 280	177 711	31 923	91 195
Belgium	11 924	17 841	14 399	14 841	-2 475	3 000
Bulgaria	207	324	207	371	0	-47
Czech Republic	888	1 742	1 409	1 012	-520	731
Denmark	3 320	4 606	2 101	2 038	1 219	2 568
Germany	61 765	76 173	39 048	36 586	22 716	39 587
Estonia	46	413	101	124	-55	289
Ireland	14 141	16 854	8 904	6 706	5 237	10 148
Greece	692	726	1 170	891	-478	-165
Spain	6 052	7 247	7 406	6 967	-1 354	280
France	30 492	25 960	26 683	19 644	3 809	6 317
Italy	26 659	24 678	13 517