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Statistics Explained, your guide to European statistics. Statistics Explained is an official Eurostat website presenting statistical topics in an easily understandable way. Together, the articles make up an encyclopedia of European statistics for everyone, completed by a statistical glossary clarifying all terms used and by numerous links to further information and the latest data and metadata, a portal for occasional and regular users.
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The EU-28 accounts for around one sixth of the world’s trade in goods. The value of international trade in goods significantly exceeds that of services (by about three times), reflecting the nature of some services which makes them harder to move across borders.
Main statistical findings
Main global players for international trade
The EU-28, China and the United States have been the three largest global players for international trade since 2004 when China passed Japan — see Figures 1–3 and Table 1.
In relation to trade balances, China and Russia have had the biggest annual trade surpluses since 2005, while the United States had the largest annual deficit (see also Table 1).More ...