The U.S. dollar is the most commonly used currency by the member states of the European Union when importing goods from outside the EU, reflecting the currency's status as the world's preeminent medium of exchange. During the decade beginning in 2010, the EU invoiced more than half of its imports in dollars, peaking in 2012 at 58 percent, before falling to less than half in 2020. The amount of imports invoiced in Euro fell at the beginning of the decade to around a third, before recovering to over 38 percent in 2020.
This perhaps reflects a growing diversification of international trade in the late 2010s, which has seen currencies such as the Euro and the Chinese Renminbi challenge the U.S. dollar in some regions. Another possibility could also be that as a result of the COVID-19 pandemic, trade was conducted more regionally in 2020, with EU trade partners closer to Europe being more likely to use currencies other than U.S. dollars. The share of imports invoiced in the currencies of EU member states who do not use the Euro fell dramatically in 2020, as the United Kingdom left the EU, meaning that imports invoiced in British Pound Sterling were counted among the "other currency" share.
The United States is the European Union's biggest trading partner as of 2023, with the total value of trade between the EU and the North American country exceeding ****billion dollars. China was the EU's second-largest trading partner, however, in contrast to the substantial trade surplus that the EU has with the United States, the EU has a large trade deficit with China. In 2022, the EU imported *** billion euros worth of goods from China than it exported to the East Asian country. Other prominent trade partners included the UK, Switzerland, and Turkey.
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United States Trade Balance: European Union data was reported at -15.708 USD bn in Aug 2018. This records an increase from the previous number of -17.589 USD bn for Jul 2018. United States Trade Balance: European Union data is updated monthly, averaging -7.341 USD bn from Jan 1993 (Median) to Aug 2018, with 308 observations. The data reached an all-time high of 1.899 USD bn in Jan 1993 and a record low of -17.589 USD bn in Jul 2018. United States Trade Balance: European Union data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA009: Trade Statistics: Census Basis: By Region. Includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and United Kingdom
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Exports to European Union in the United States increased to 30423.97 USD Million in February from 29808.03 USD Million in January of 2024. This dataset includes a chart with historical data for the United States Exports to European Union.
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European Union Exports to United States was US$571.11 Billion during 2024, according to the United Nations COMTRADE database on international trade. European Union Exports to United States - data, historical chart and statistics - was last updated on July of 2025.
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The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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United States Imports: Customs: European Union data was reported at 37.776 USD bn in Sep 2018. This records a decrease from the previous number of 41.307 USD bn for Aug 2018. United States Imports: Customs: European Union data is updated monthly, averaging 20.720 USD bn from Jan 1987 (Median) to Sep 2018, with 381 observations. The data reached an all-time high of 41.994 USD bn in Mar 2018 and a record low of 5.251 USD bn in Jan 1987. United States Imports: Customs: European Union data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA009: Trade Statistics: Census Basis: By Region. Includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and United Kingdom
In 2024, U.S. exports to the EU amounted to 370.19 billion U.S. dollars. This is an increase from the previous year, when U.S. exports to the EU totaled to about 368.76 billion U.S. dollars.
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United States Exports: Services: EU: Transport: Other Modes data was reported at 687.000 USD mn in 2016. This records an increase from the previous number of 673.000 USD mn for 2015. United States Exports: Services: EU: Transport: Other Modes data is updated yearly, averaging 621.000 USD mn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 1.088 USD bn in 2012 and a record low of 112.000 USD mn in 2000. United States Exports: Services: EU: Transport: Other Modes data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA048: Trade Statistics: Services: European Union.
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United States Exports: Services: EU: IPC: Unaffiliated data was reported at 11.659 USD bn in 2016. This records an increase from the previous number of 11.562 USD bn for 2015. United States Exports: Services: EU: IPC: Unaffiliated data is updated yearly, averaging 11.612 USD bn from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 15.425 USD bn in 2007 and a record low of 9.800 USD bn in 2006. United States Exports: Services: EU: IPC: Unaffiliated data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA048: Trade Statistics: Services: European Union.
This graph shows the growth in the U.S. import volume of trade goods from the European Union from 1997 to 2023. In 2023, U.S. imports from the EU amounted to approximately 576.98 billion U.S. dollars.
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United States Exports: Services: EU: IPC: US Aff Exp to Foreign Parent Grp data was reported at 4.303 USD bn in 2017. This records an increase from the previous number of 3.631 USD bn for 2016. United States Exports: Services: EU: IPC: US Aff Exp to Foreign Parent Grp data is updated yearly, averaging 1.874 USD bn from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 4.303 USD bn in 2017 and a record low of 1.482 USD bn in 2009. United States Exports: Services: EU: IPC: US Aff Exp to Foreign Parent Grp data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.JA048: Trade Statistics: Services: European Union.
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United States Exports: Services: EU: IPC: US Parents Exp to Foreign Affiliates data was reported at 34.963 USD bn in 2017. This records a decrease from the previous number of 35.084 USD bn for 2016. United States Exports: Services: EU: IPC: US Parents Exp to Foreign Affiliates data is updated yearly, averaging 34.971 USD bn from Dec 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 38.496 USD bn in 2014 and a record low of 25.726 USD bn in 2006. United States Exports: Services: EU: IPC: US Parents Exp to Foreign Affiliates data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.JA048: Trade Statistics: Services: European Union.
The United States consistently recorded a negative new passenger vehicle and light truck trade balance with the European Union between 2008 and 2024. In 2024, the North American country imported goods worth a total of 44.1 billion U.S. dollars, compared to exports of 10.5 billion U.S. dollars.
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United States Exports: Services: EU: OB: TTR: Industrial Engineering data was reported at 622.000 USD mn in 2016. This records an increase from the previous number of 619.000 USD mn for 2015. United States Exports: Services: EU: OB: TTR: Industrial Engineering data is updated yearly, averaging 1.026 USD bn from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.772 USD bn in 2011 and a record low of 619.000 USD mn in 2015. United States Exports: Services: EU: OB: TTR: Industrial Engineering data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA048: Trade Statistics: Services: European Union.
The United States' trade balance with the European Union for medium and heavy-duty trucks was consistently negative between 2008 and 2024. In 2024, the country imported such goods for at total of 314.5 million U.S. dollars, compared to exports worth around 24.4 million U.S. dollars.
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United States Exports: Services: EU: IPC: AVR: Movies & Television Programming data was reported at 7.708 USD bn in 2017. This records a decrease from the previous number of 7.814 USD bn for 2016. United States Exports: Services: EU: IPC: AVR: Movies & Television Programming data is updated yearly, averaging 7.814 USD bn from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 9.114 USD bn in 2014 and a record low of 5.094 USD bn in 1999. United States Exports: Services: EU: IPC: AVR: Movies & Television Programming data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.JA106: Trade Statistics: Services: European Union.
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Net Trade: Value Goods for the European Union was 1438449374.98346 US $, Monthly Level in January of 2023, according to the United States Federal Reserve. Historically, Net Trade: Value Goods for the European Union reached a record high of 1438449374.98346 in January of 2023 and a record low of -125295093210.89300 in July of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Net Trade: Value Goods for the European Union - last updated from the United States Federal Reserve on June of 2025.
In 2024, the United States imported automotive parts valued at 22 billion U.S. dollars from the European Union. This meant the American country had a negative trade balance for these goods, as its exports to the EU amounted to 6.2 billion U.S. dollars that year.
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Imports from Euro Area in the United States decreased to 39381.16 USD Million in February from 41369.28 USD Million in January of 2024. This dataset includes a chart with historical data for the United States Imports from The Euro Area.
The U.S. dollar is the most commonly used currency by the member states of the European Union when importing goods from outside the EU, reflecting the currency's status as the world's preeminent medium of exchange. During the decade beginning in 2010, the EU invoiced more than half of its imports in dollars, peaking in 2012 at 58 percent, before falling to less than half in 2020. The amount of imports invoiced in Euro fell at the beginning of the decade to around a third, before recovering to over 38 percent in 2020.
This perhaps reflects a growing diversification of international trade in the late 2010s, which has seen currencies such as the Euro and the Chinese Renminbi challenge the U.S. dollar in some regions. Another possibility could also be that as a result of the COVID-19 pandemic, trade was conducted more regionally in 2020, with EU trade partners closer to Europe being more likely to use currencies other than U.S. dollars. The share of imports invoiced in the currencies of EU member states who do not use the Euro fell dramatically in 2020, as the United Kingdom left the EU, meaning that imports invoiced in British Pound Sterling were counted among the "other currency" share.