The European Union's share of both world exports and imports has, on average, been falling for the past two decades. During this time, the EU opened up a small trade deficit during the years around the Great Recession and the Eurozone crisis, before sustaining a large surplus in the years after 2011.
Ìý This surplus was driven by exporting countries such as Germany, who specialize in exporting products such as chemicals, manufactured products, and heavy machinery, while the cost competitiveness of EU exporters was maintained by a decade that saw little real wage growth for EU workers. On the other hand, the EU also imports heavy manufactured goods, while being a notable energy and fuel importer. The economic problems experienced in the wake of Russia's invasion of Ukraine in 2022 led to Europe once more opening up a trade deficit, while this once more became a surplus in 2023 and 2024, as Europe's share of world imports sank back to 14.5 percent and its exports to 15.9 percent.Ìý
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Eurostat. (March 18, 2026). Annual share of world goods imports and exports of the European Union from 2002 to 2025 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved August 03, 2026, from /statistics/1364008/eu-international-trade-world-exports-imports/
Eurostat. "Annual share of world goods imports and exports of the European Union from 2002 to 2025." Chart. March 18, 2026. ÌÇÐÄÆÆ½â°æ. Accessed August 03, 2026. /statistics/1364008/eu-international-trade-world-exports-imports/
Eurostat. (2026). Annual share of world goods imports and exports of the European Union from 2002 to 2025. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: August 03, 2026. /statistics/1364008/eu-international-trade-world-exports-imports/
Eurostat. "Annual Share of World Goods Imports and Exports of The European Union from 2002 to 2025." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 18 Mar 2026, /statistics/1364008/eu-international-trade-world-exports-imports/
Eurostat, Annual share of world goods imports and exports of the European Union from 2002 to 2025 ÌÇÐÄÆÆ½â°æ, /statistics/1364008/eu-international-trade-world-exports-imports/ (last visited August 03, 2026)
Annual share of world goods imports and exports of the European Union from 2002 to 2025 [Graph], Eurostat, March 18, 2026. [Online]. Available: /statistics/1364008/eu-international-trade-world-exports-imports/