Who Does the EU Trade with?

Created: 18 October 2024

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Phnom Penh (FN), Oct. 18 – The EU is the world’s second-largest economy in nominal terms and third by purchasing power parity.

The US and China—the world’s top two largest economies—together account for nearly one-third of the EU’s international trade. China is the biggest source of EU imports (€46 billion in July), and the US, the largest market for EU exports (€47 billion).

The EU imports mainly electronics from China, while exporting medicines and cars to both the US and China. Trade with Russia has dropped to €3 billion due to sanctions. In July, the EU ran a €21 billion trade surplus.

This article was originally published on Voronoiapp.
=FRESH NEWS

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