eu position in world trade


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PDF The Role of the European Union in the International Trade and

The EU's capability to pursue a coherent policy in pursuit of these general aims requires the establishment of an effective trade policy regime that includes 

PDF European Union

Rank in world trade 2020 Exports Imports GDP per capita (US$ 2018-2020) 35 039 Merchandise na na Current account balance ( GDP 2020) 3 1 excluding 

  • The economy of the European Union is the joint economy of the member states of the European Union (EU).
    It is the second largest economy in the world in nominal terms, after the United States and the third one in purchasing power parity (PPP) terms, after China and the United States.

  • What is the EU position in trade?

    The EU is the largest economy in the world.
    Although growth is projected to be slow, the EU remains the largest economy in the world with a GDP per head of €25,000 for its 440 million consumers.
    The EU is the world's largest trading bloc.
    The EU is the world's largest trader of manufactured goods and services.

  • What percentage of the world trade is the EU?

    The EU accounts for around 14 % of the world's trade in goods.

  • What role does the EU play in world trade?

    The EU is responsible for the trade policy of the member countries and negotiates agreements for them.
    Speaking as one voice, the EU carries more weight in international trade negotiations than each individual member would.
    The EU actively engages with countries or regional groupings to negotiate trade agreements.

  • As the largest trading bloc globally, the EU is the primary trading partner for more than 80 countries and is among the most open economies worldwide. The EU is responsible for the trade policies of its member countries and negotiates agreements on their behalf.
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