EU's top trading partners in 2014: the United States for exports, China for imports

EU News 85/2015

27 March 2015
55/2015

In 2014, the United States (€515.6 bn, or 15% of total EU trade in goods) and China (€467.3 bn, or 14%) continued to be the two main goods trading partners of the European Union (EU), well ahead of Russia (€285.1 bn, or 8%) and Switzerland (€236.9 bn, or 7%).

Trends observed over recent years are however very different for these top trading partners of the EU. The share of the United States in EU total trade in goods recorded a significant and almost continuous fall, from 24% in 2002 to 15% in 2014. In contrast, the share of China has doubled, rising from 7% in 2002 to 14% in 2014. In particular, the shares of the United States and China in EU trade almost converged in 2010, before stabilising since then. The increase in the share of Russia in total EU trade in goods was less significant (from 5% in 2002 to 8% in 2014), while the share of Switzerland remained almost unchanged at 7% over the same time period.

Source and additional information:
http://ec.europa.eu/eurostat/documents/2995521/6760204/6-27032015-AP-EN.pdf/15911e52-a591-400d-af4c-d3ac72affa8c

EU top trading partnerst, 2002-2014 (C)EU, 2015 URL

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