11/29/2023 0 Comments Origin client not working in china![]() Aggregated and detailed statistics for international trade in goods as disseminated through Eurostat's website are compiled from COMEXT each month. It provides access not only to both recent and historical data from the EU Member States, but also to statistics for a significant number of non-EU member countries. The values reported comprise only those subsidiary costs (freight and insurance) which relate, for exports, to the journey within the territory of the EU Member State from which the goods are exported and, for imports, to the journey outside the territory of the Member State into which the goods are imported.ĮU data come from Eurostat's COMEXT database, the reference database for international trade in goods. The statistical values of extra- and intra-EU trade are recorded at their free-on-board (FOB) value for exports and their cost, insurance and freight (CIF) value for imports. Statistics on trade between the EU Member States (intra-EU trade) cover imports and exports of goods recorded by each Member State. By contrast, when reporting data for individual EU Member States, international trade flows are generally presented in terms of world trade flows (including both intra-EU and extra-EU partners). In other words, the data for exports relate only to those exports from the EU that leave the trading block and are destined for the rest of the world, while extra-EU imports relate to imports from the rest of the world (non-EU member countries) coming into the EU. In extra-EU trade statistics, the data shown for the EU treat this entity as a single trading block. One of the most commonly used product classifications is the standard international trade classification (SITC Rev. 4) of the United Nations (UN) this allows a comparison of international trade statistics to be made on a worldwide basis. Statistics are published for each declaring country with respect to each partner country, for several product classifications. These statistics are the official source of information on imports, exports and the trade balance in the EU, its Member States and the euro area. Statistics on the international trade of goods measure the value and quantity of goods traded between EU Member States (known as intra-EU trade) and goods traded by Member States with non-EU member countries (known as extra-EU trade). These were more than offset by the large trade deficit for energy (-€653.9 billion) and the smaller deficits for raw materials (€49.1 billion) and other manufactured goods (€90.8 billion). The extra-EU trade surplus for goods of €67.9 billion in 2021 was driven by large trade surpluses in chemicals (€190.3 billion) and machinery and vehicles (€126.6 billion) and a smaller surplus in food and drink (€56.5 billion). Other increases of more than 30 % were only recorded for chemicals (both 33.3 %). On the import side, there was a similar pattern observed, with large overall increases in the level of extra-EU imports of energy with an increase of 113.6 % due to sharply increasing prices. Other increases of more than 20 % were only recorded for chemicals (both 20.8 %). ![]() The highest growth rate for exports was reported for energy with an increase of 72.1 % due to sharply increasing prices. Large trade surplus for machinery and vehicles and chemicalsīetween 20, the value of extra-EU exports increased for all product groups shown in Figure 10. The Netherlands (15 %) was the only other EU Member State to contribute more than one tenth of intra-EU exports, again a consequence of the Rotterdam effect, while France (12 %) was the only other EU Member State to account for more than one tenth of intra-EU imports. For intra-EU imports the largest increases were registered for Latvia (45 %), Estonia and Croatia (both 35 %).Īs with extra-EU trade, Germany was also the EU Member State with the highest level of intra-EU trade in 2022, contributing 20 % of the EU's exports of goods to other Member States and 22 % of the EU's imports of goods from other Member States (see Figure 4). Considering exports, the largest increases between 20 were registered in Greece (40 %), Lithuania(38 %), and Bulgaria (36 %). Intra-EU trade - again measured by exports - increased by 23 % across the EU between 20. ![]() This was 64 % higher than the level recorded for exports leaving the EU to non-EU member countries of €2 572 billion (extra-EU trade). Trade in goods between EU Member States (intra-EU trade) was valued - in terms of exports - at €4 227 billion in 2022. Highest share for intra-EU trade in goods in Luxembourg, Slovakia and Czechia
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