Is the EU the US largest trading partner?
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Is the EU the US largest trading partner?
In 2021, the United States was the largest partner for EU exports of goods (18.3 %). It was followed by the United Kingdom (13.0 %), China (10.2 %), Switzerland (7.2 %) and Russia (4.1 %).
What does EU import from US?
The EU was the United States’ largest export partner in 2016, accounting for 18.6 percent of all US exports. The top export categories to the EU included aircraft, machinery, pharmaceuticals, optic and medical instruments, and electrical machinery.
What goods does the US trade with Europe?
In 2020, the U.S’s largest export to the EU were aerospace products and parts, at $35.7 billion. That was followed by mineral fuels, worth $28.9 billion, and machinery, worth $26.4 billion.
Who is the EU biggest trading partner?
China
List of the largest trading partners of the European Union
| Rank | Country/district | Total trade |
|---|---|---|
| 1 | China | 696.1 |
| 2 | United States | 631.8 |
| 3 | United Kingdom | 430.5 |
| 4 | Switzerland | 280.1 |
How much of US trade is the EU?
U.S. goods and services trade with the EU 27 totaled an estimated $1.1 trillion in 2019. Exports were $468 billion; imports were $598 billion. 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.
Who does the US import the most from?
The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.
What percentage of US trade is with the EU?
U.S. imports from the EU 27 account for 18.1 percent of overall U.S. imports in 2019.
What three countries does the US sell the most to?
U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.
What is Europe’s biggest import?
In 2021, the top 6 EU import products were computer, electronic & optical products (14 % of total imports), crude petroleum & natural gas (12 %), chemicals & chemical products (8 %), machinery & equipment, electrical equipment and basic metals (all three 6 %).
Is EU GDP bigger than USA?
The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power parity (PPP) terms, after China and the United States.
Is US economy bigger than EU?
