EU trade surplus with US trebled to €91bn in 2006 from 2000
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.
In 2006, the EU27 exported €269 billion f goods to the USA, while imports amounted to €178 bn. The most notable feature of EU-US trade over recent years has been the continued growth in the EU27 surplus, from €32 bn in 2000 to €91 bn in 2006. This increase in the surplus is due both to an increase in exports to the USA (from €238 bn in 2000 to €269 bn in 2006), and to a decrease in imports from the USA (from €206 bn to €178 bn). 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.
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