EU records $172.7 bn trade surplus with US in 2023
12 Mar 24 1 min read
Insights
- In 2023, the EU's trade surplus with the US reached €158 billion ($172.7 billion), with exports at €502 billion ($549 billion) and imports at €344 billion ($376 billion).
- The US remains the EU's largest export partner and second-largest import source.
- Trade surplus varied from €81 billion ($88.6 billion) in 2013 to €166 billion ($181.5 billion) in 2021.
Additionally, the US stands as the second-largest source of the EU's imports, just after China, contributing to 13.7 per cent of the EU's total imports from outside the EU.
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The trade relationship between the EU and the US has seen fluctuations over the past decade, with the EU's trade surplus ranging from a low of €81 billion (approximately $88.6 billion) in 2013 to a high of €166 billion (approximately $181.5 billion) in 2021, as per Eurostat.
Fibre2Fashion News Desk (DP)
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