The European Union has had a growing trade balance with the United States since the turn of the millennium. While in 1999, the EU recorded a monthly trade balance with the U.S. as low as 200 million euros a month, the monthly trade balance in the most recent period recorded was over 12 billion euros. Both exports and imports have increased over this period, with a particularly notable uptick following the coronavirus pandemic.

European Union recorded a trade deficit of 5411.30 EUR Million in January of 2025. This dataset provides the latest reported value for - European Union Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The European Union went from consistently running a trade surplus since 2012, to running a trade deficit worth almost 430 billion euros in 2022. This sudden surge in the bloc's deficit was largely caused by a more than doubling of the cost of fuel imports due to Russia's invasion of Ukraine and the EU's subsequent boycott of Russian energy exports. While in theory the EU's trade balance should only reflect its trade with countries outside of the union, as internal EU exports and imports should balance out, due to accounting irregularities the EU in practice runs a trade surplus with itself in most years. Following the substantial trade deficit opened up in 2022, the EU returned to running a trade suplus in 2023, when it recorded a suplus of almost 38 billion euros.

European Union Trade Balance: EU 27E: America: Manufactured Gds data was reported at 3.538 EUR bn in Oct 2024. This records an increase from the previous number of 3.115 EUR bn for Sep 2024. European Union Trade Balance: EU 27E: America: Manufactured Gds data is updated monthly, averaging 1.706 EUR bn from Jan 2002 (Median) to Oct 2024, with 274 observations. The data reached an all-time high of 4.185 EUR bn in Jun 2022 and a record low of 0.265 EUR bn in Jan 2007. European Union Trade Balance: EU 27E: America: Manufactured Gds data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA026: Eurostat: Trade Statistics: By SITC: European Union: America.

The United Kingdom imports more services and goods from the European Union than exporting them. Although this has been the case since at least 1999, after 2011 the UK-EU trade balance has been more pronounced as the present statistic lays out. When it comes to the UK’s trade with non-EU countries, the picture is decidedly different. Since 2012, the value of UK exports to non-EU countries was higher than the imports, which resulted in a trade surplus. US biggest export market, but EU weighs heavier As of 2023, the UK’s largest export market was outside the European Union. Yet taken as a bloc, the European Union still accounts for a large chunk of the UK’s international trade. Among these, Germany, the Netherlands, and France rank as the main export partners of the UK. UK-EU trade: most important commodities Machinery and transport equipment were the biggest trade commodity exported by the UK to the EU countries in 2020. The value of such exports were roughly 47.7 billion British pounds. In the same year, the UK imported more machinery and transport equipment from the EU than exported them. In total, the UK imported approximately 83.9 billion British pounds worth of such equipment.

United States US: Trade Balance: European Union data was reported at -13.342 USD bn in May 2018. This records an increase from the previous number of -14.592 USD bn for Apr 2018. United States US: Trade Balance: European Union data is updated monthly, averaging -750.356 USD mn from Jan 1960 (Median) to May 2018, with 701 observations. The data reached an all-time high of 2.568 USD bn in Mar 1991 and a record low of -15.759 USD bn in Dec 2017. United States US: Trade Balance: European Union data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Monthly.

European Union Trade Balance: EU 27E: America: Animal, Vegetable Oil, Fat, Wax data was reported at 0.059 EUR bn in Nov 2024. This records a decrease from the previous number of 0.124 EUR bn for Oct 2024. European Union Trade Balance: EU 27E: America: Animal, Vegetable Oil, Fat, Wax data is updated monthly, averaging 0.023 EUR bn from Jan 2002 (Median) to Nov 2024, with 275 observations. The data reached an all-time high of 0.306 EUR bn in Apr 2024 and a record low of -0.126 EUR bn in Aug 2022. European Union Trade Balance: EU 27E: America: Animal, Vegetable Oil, Fat, Wax data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA026: Eurostat: Trade Statistics: By SITC: European Union: America.

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 848 billion dollars. China was the EU's second largest trading partner, however, in contrast to the substantial trade surplus which the EU has with the United States, the EU has a large trade deficit with China. In 2022, the EU imported 292 billion Euros more worth of goods from China than it exported to the east Asian country. Other prominent trade partners in 2022 included the UK, Switzerland, and Turkey.

European Union - Extra-EU trade of food, drinks and tobacco (SITC 0+1): Trade balance in partnership with United States was EUR17120.50 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of food, drinks and tobacco (SITC 0+1): Trade balance in partnership with United States - last updated from the EUROSTAT on March of 2025. Historically, European Union - Extra-EU trade of food, drinks and tobacco (SITC 0+1): Trade balance in partnership with United States reached a record high of EUR17120.50 Million in December of 2022 and a record low of EUR4536.90 Million in December of 2011.

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

European Union - Extra-EU trade: Trade balance in partnership with United States was EUR150624.70 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade: Trade balance in partnership with United States - last updated from the EUROSTAT on March of 2025. Historically, European Union - Extra-EU trade: Trade balance in partnership with United States reached a record high of EUR166014.10 Million in December of 2021 and a record low of EUR60864.60 Million in December of 2010.

European Union Trade Balance: EU 27E: America: Food and Live Animals for Food data was reported at -2.235 EUR bn in Nov 2024. This records a decrease from the previous number of -1.922 EUR bn for Oct 2024. European Union Trade Balance: EU 27E: America: Food and Live Animals for Food data is updated monthly, averaging -1.643 EUR bn from Jan 2002 (Median) to Nov 2024, with 275 observations. The data reached an all-time high of -0.890 EUR bn in Aug 2002 and a record low of -2.478 EUR bn in Nov 2022. European Union Trade Balance: EU 27E: America: Food and Live Animals for Food data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA026: Eurostat: Trade Statistics: By SITC: European Union: America.

European Union - Extra-EU trade of machinery and transport equipment (SITC 7): Trade balance in partnership with United States was EUR90719.20 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of machinery and transport equipment (SITC 7): Trade balance in partnership with United States - last updated from the EUROSTAT on March of 2025. Historically, European Union - Extra-EU trade of machinery and transport equipment (SITC 7): Trade balance in partnership with United States reached a record high of EUR90719.20 Million in December of 2022 and a record low of EUR25150.90 Million in December of 2010.

The balance of trade of EU member states for intra-EU trade shows us which states are the exporters and which states are the importers throughout the union. Over the period since 2002, France has consistently been the country which runs the largest trade deficit (when imports are greater than exports) with the rest of the EU, while the Netherlands has consistently run the largest trade surplus (exports greater than imports). The two most significant shifts that have occurred over this period has been the transformation of Germany from an exporter to an importer (although this only applies within the EU) and the rise of Belgium, Poland, and Czechia as export powers.

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.

European Union - Extra-EU trade of other manufactured goods (SITC 6+8): Trade balance in partnership with United States was EUR63543.90 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of other manufactured goods (SITC 6+8): Trade balance in partnership with United States - last updated from the EUROSTAT on March of 2025. Historically, European Union - Extra-EU trade of other manufactured goods (SITC 6+8): Trade balance in partnership with United States reached a record high of EUR63543.90 Million in December of 2022 and a record low of EUR16485.40 Million in December of 2010.

European Union - Extra-EU trade of mineral fuels, lubricants and related materials (SITC 3): Trade balance in partnership with United States was EUR-84928.10 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of mineral fuels, lubricants and related materials (SITC 3): Trade balance in partnership with United States - last updated from the EUROSTAT on March of 2025. Historically, European Union - Extra-EU trade of mineral fuels, lubricants and related materials (SITC 3): Trade balance in partnership with United States reached a record high of EUR376.40 Million in December of 2010 and a record low of EUR-84928.10 Million in December of 2022.

European Union Trade Balance: swda: EU 27E: United States: Beverages and Tobacco data was reported at 1.004 EUR bn in Dec 2024. This records an increase from the previous number of 0.725 EUR bn for Nov 2024. European Union Trade Balance: swda: EU 27E: United States: Beverages and Tobacco data is updated monthly, averaging 0.438 EUR bn from Jan 2002 (Median) to Dec 2024, with 276 observations. The data reached an all-time high of 1.004 EUR bn in Dec 2024 and a record low of 0.291 EUR bn in Mar 2009. European Union Trade Balance: swda: EU 27E: United States: Beverages and Tobacco data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA050: Eurostat: Trade Statistics: By SITC: European Union: United States.

European Union - Extra-EU trade of chemicals and related products (SITC 5): Trade balance in partnership with United States was EUR71508.20 Million in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of chemicals and related products (SITC 5): Trade balance in partnership with United States - last updated from the EUROSTAT on March of 2025. Historically, European Union - Extra-EU trade of chemicals and related products (SITC 5): Trade balance in partnership with United States reached a record high of EUR71508.20 Million in December of 2022 and a record low of EUR14651.50 Million in December of 2013.

Ukraine reported a trade deficit with the European Union (EU) in 2023, at over 9.3 billion U.S. dollars. That was the most significant negative difference between exports to the EU and the imports to the EU over the observed period.