Statistics Explained

International trade in goods

Data extracted in September 2022 (part "The three largest global players for international trade: EU, China and the USA") and March 2022 (rest of the article).

Planned article updates: September 2023 (part "The three largest global players for international trade: EU, China and the USA") and 31 March 2023 (rest of the article).


In 2021, a large majority of EU countries traded more within the EU internal market than with countries outside the EU.
EU imports of goods grew by 23 % in 2021 compared with 2020, while exports of goods increased by 13 %.
The United States is the largest destination for EU exports of goods in 2021, while China is the largest origin for EU imports of goods.
International trade in goods - infographic 2022.jpg

This article discusses the development of the European Union’s (EU) international trade in goods. It considers the EU’s share in world import and export markets, intra-EU trade (trade between EU Member States), the EU’s main trading partners, and the EU’s most widely traded product categories.

The EU accounts for around 14 % 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 trade across borders.

This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information.

Full article

The three largest global players of international trade: EU, China and the USA

The EU, China and the United States have been the three largest global players within international trade (see Figure 1) since 2004 when China surpassed Japan. In 2021, the total level of trade in goods (exports and imports) recorded for the EU was €4 299 billion (note this does not include intra-EU trade), which was €813 billion lower than the value for China and €337 billion above the level recorded for the United States.

Figure 1: Main players of international trade in goods, 2021
(€ billion)
Source: Eurostat (ext_lt_introeu27_2020) and UNCTAD

In 2021, the ratio of exports to imports (the cover ratio) was particularly high in favour of exports to Russia and China (see Figure 2), which in absolute terms also had the largest annual trade surpluses. The cover ratio was lowest for India, the United Kingdom and the United States.

Figure 2: Cover ratio of international trade in goods, 2011 and 2021
Source: Eurostat (ext_lt_introeu27_2020) and UNCTAD

In 2021, the United States had the largest deficit (see Figure 3), continuing a pattern that has been apparent over the whole of the last decade for which data are available, while China had the biggest surplus.

Figure 3: Trade balance of international trade in goods, 2011 and 2021
(€ billion)
Source: Eurostat (ext_lt_introeu27_2020) and UNCTAD

Looking at the flows of exports and imports, the EU had the second largest share of global exports and third largest share of imports of goods (see Figures 4 and 5) in 2021: the EU’s exports of goods were equivalent to 14.6 % of the world total. Only China (19.1 %) had a higher share while the United States (10.0 %) followed at some distance.

Figure 4: Shares in the world market for exports of goods, 2021
(% share of world exports)
Source: Eurostat (ext_lt_introeu27_2020) and UNCTAD

The United States had a larger share of world imports (16.2 %) than either the EU (13.9 %) or China (14.9 %) in 2021.

Figure 5: Shares in the world market for imports of goods, 2021
(% share of world imports)
Source: Eurostat (ext_lt_introeu27_2020) and UNCTAD

EU trade in 2021 strongly recovered from the COVID-19 pandemic

In 2020, EU trade was hit hard by the COVID-19 pandemic, with a significant fall observed for both exports (-9.3 %) and imports (-11.5 %) (see Figure 6). However, both recovered strongly in 2021, with imports of goods growing by 23 %, while exports of goods increased by 13 %. Looking at the last decade, export growth rates, after recording a significant increase in 2011 and 2012, remained slightly positive until 2019. The imports growth rates peaked in 2011, followed by small fluctuations between 2012 and 2015, before growing significantly in 2017 and 2018.

In 2021, the trade in goods balance of the EU was in surplus by €68 billion, a significant decrease with respect to 2020 (€216 billion). This development was driven, in particular, by a steep rise in the value of energy imports towards the end of 2021, with increasing trade deficits for energy in November and December. Looking at the trend over time, after recording a small deficit in 2011, the EU trade balance recorded a continuous surplus that peaked at €264 billion in 2016. The EU surplus decreased in 2017 and 2018 and started to increase again in 2019 and 2020.

Figure 6: Development of international trade in goods, EU, 2011–2021
(€ billion and year to year growth rate)
Source: Eurostat (ext_st_eu27_2020sitc)

A more detailed view of the last year shows that the recovery from the COVID-19 pandemic started in March 2021 when imports grew by 19 % and exports by 11 % compared with March 2020. The growth rate for exports was highest in April 2021 when it reached 44 %. After April imports grew more strongly than exports, peaking at 42 % in December 2021.

Figure 7: Short term development of international trade in goods, EU, 2021
(€ billion)
Source: Eurostat (ext_st_eu27_2020sitc)

Among the EU Member States, Germany had by far the highest share of extra EU trade in 2021, contributing 29 % of the EU’s exports of goods to non-EU member countries and accounting for more than one fifth (21 %) of the EU’s imports (see Figure 8). The next three largest exporters, Italy (11 %), France and the Netherlands (both 10 %) were the only other EU Member States to account for a double-digit share of EU exports. The Netherlands (18 %), France (10 %) and Italy (9 %) followed Germany as the largest importers of goods from non-member countries in 2021. The relatively high share for the Netherlands can, at least in part, be explained by the considerable amount of goods that flow into the EU through Rotterdam, which is the EU’s leading sea port.

Figure 8: Extra-EU trade in goods, 2021
(% share of EU exports/imports)
Source: Eurostat (ext_st_eu27_2020sitc)

The largest extra-EU trade surplus in goods, valued at €196.8 billion in 2021, was recorded by Germany, followed by Italy (€47.9 billion), Ireland (€36.7 billion) and Sweden (€21.3 billion). The largest trade deficits for extra-EU trade in goods were €159.9 billion for the Netherlands, €39.2 billion for Spain and €25.4 for Poland. (see table B in the excel file attached below).

Highest share for intra-EU trade in goods in Luxembourg, Slovakia and Czechia

Trade in goods between EU Member States (intra-EU trade) was valued — in terms of exports — at €3 428 billion in 2021. This was 62 % higher than the level recorded for exports leaving the EU to non-EU member countries of € 2 125 billion (extra-EU trade).

Intra-EU trade — again measured by exports — increased by 20 % across the EU between 2020 and 2021. Considering exports, the largest increases between 2020 and 2021 were registered in Croatia (31 %), Estonia(29 %), Latvia and Belgium (both 28 %). Intra-EU imports also increased by 20 %; the largest increases were registered for Malta (29 %), Bulgaria (27 %), Estonia and Slovenia (both 26 %).

As with extra-EU trade, Germany was also the EU Member State with the highest level of intra-EU trade in 2021, contributing 22 % of the EU’s exports of goods to other Member States and 23 % of the EU’s imports of goods from other Member States (see Figure 9). The Netherlands (14 %) 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.

Figure 9: Intra-EU trade in goods, 2021
(% share of EU exports/imports)
Source: Eurostat (ext_st_eu27_2020sitc)

The significance of the EU’s internal market is underlined by the fact that intra-EU trade in goods (exports and imports combined) was higher than extra-EU trade (exports and imports combined) for all EU Member States, except Ireland (see Figure 10). The proportion of total trade in goods that was accounted for by intra-EU and extra-EU flows varied considerably across the Member States, reflecting to some degree historical ties and geographical location. In 2021, the highest shares of intra-EU trade (above 75 % of total trade) were recorded for Luxembourg (85.8 %), Slovakia (79.3 %) and Czechia (77.2 %) with this ratio falling to 52.2 % for Greece and 38.1 % for Ireland.

Figure 10: Intra- and extra-EU trade in goods, 2021
(imports plus exports, % share of total trade)
Source: Eurostat (ext_st_eu27_2020sitc)

This finding is confirmed in Figure 11, which shows most EU Member States' exports as well as imports are with other EU Member States. The exceptions were Ireland (for both imports and exports), Cyprus and Malta (only for exports) and the Netherlands (only for imports).

Figure 11: Trade in goods, inside and outside the EU, 2021
(%, based on trade value)
Source: Eurostat (ext_st_eu27_2020sitc)

Strong increase in trade in goods with China, 2011-2021

Between 2011 and 2021, the development of the EU’s imports of goods by major trading partner varied considerably. Among the main trading partners, the highest average annual growth rate was recorded for imports from China (6.3 %) and Türkiye (6.2 %), see Figure 12. The largest decreases were seen for imports from the United Kingdom (-2.5 %) and Russia (-1.9 %).

On the export side, between 2011 and 2021, exports of goods to the United States (6.0 %), China (5.8 %) and South Korea (5.7 %) had the highest average annual growth rate. Among the top partners, decreases for exports were only seen for Russia (-1.5 %).

Figure 12: Extra-EU trade in goods by main trading partners, 2011 and 2021
(€ billion)
Source: Eurostat (ext_lt_maineu)

The United States remained the most common destination for goods exported from the EU in 2021 (see Figure 13) with a share of 18 %. The United Kingdom was the second largest destination for EU exports (13 % of the EU total), followed by China (10 %). The seven largest destination markets for EU exports of goods — the United States, the United Kingdom, China, Switzerland, Russia, Türkiye and Japan — accounted for almost three fifths (59 %) of all EU exports of goods.

Figure 13: Main trading partners for exports of goods, EU, 2021
(% share of extra EU exports)
Source: Eurostat (ext_lt_maineu)

The seven largest suppliers of EU imports of goods were almost the same countries as the seven largest destination markets for EU exports, with Norway replacing Japan (compare Figures 13 and 14). These seven countries accounted for just over three-fifths (61 %) of all imports of goods into the EU. With over one-fifth (22 %) of all imports, China was the largest supplier of goods into the EU in 2021. The United States (11 %) followed at some distance.

Figure 14: Main trading partners for imports of goods, EU, 2021
(% share of extra-EU imports)
Source: Eurostat (ext_lt_maineu)

Large trade surplus for machinery and vehicles and chemicals

Between 2016 and 2021, the value of extra-EU exports increased for all product groups shown in Figure 15. The highest growth rate for exports was reported for raw materials with an increase of 57.8 %. Increases of more than 30 % were also recorded for energy and chemicals (both 37.0 %).

On the import side, there was a similar pattern observed, with large overall increases in the level of extra-EU imports of raw materials (59.6 %), energy (48.4 %) and chemicals (32.7 %) between 2016 and 2021.

The extra-EU trade surplus for goods of €67.9 billion in 2021 was driven by large trade surpluses in chemicals (€187.7 billion) and machinery and vehicles (€164.5 billion) and a smaller surplus in food and drink. These could not be offset by the large trade deficit for energy (€-272.8 billion) and the smaller deficits for raw materials and other manufactured goods.

Figure 15: Extra EU trade by main products, EU, 2016 and 2021
(€ billion)
Source: Eurostat (ext_lt_intertrd)

The structure of the EU's exports of goods did not change much between 2016 and 2021 (see Figure 16) apart from an increase of 3.1 percentage points (p.p.) for chemicals, rising from 17.9 % in 2016 to 21.1 % in 2021, and a decrease for machinery and vehicles of 4.4 p.p. falling from 42.7 % in 2016 to 38.3 % in 2021.

Figure 16: Main exports by product, EU, 2015 and 2020
(% share of extra EU exports)
Source: Eurostat (ext_st_eu27_2020sitc)

For the structure of the EU's imports between 2016 and 2021, there was an increase for the share of energy by 2.0 p.p. from 15.8 % to 17.8 % (see Figure 17). By contrast, over the same period the share of other manufactured goods dropped by 1.3 p.p.. The shares of the other products changed by less than 1 p.p..

Figure 17: Main imports by product, EU, 2015 and 2020
(% share of extra-EU imports)
Source: Eurostat (ext_st_eu27_2020sitc)

Figure 18 contrasts the structure of the EU’s imports and exports in 2021. It should be noted that the overall level of exports was 3 % higher than the level of imports. The most notable difference is in the share of energy which was almost four times as high for imports as for exports. This was balanced by lower import shares for machinery and vehicles and chemicals compared with exports.

Figure 18: Main EU exports and imports by product, 2021
(% share of extra-EU exports/imports)
Source: Eurostat (ext_lt_intratrd)

Source data for tables and graphs

Data sources

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 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 are published for each declaring country with respect to each partner country, for several product classifications. 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.

In extra-EU trade statistics, the data shown for the EU treat this entity as a single trading block. 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. 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). Statistics on trade between the EU Member States (intra-EU trade) cover imports and exports of goods recorded by each Member State.

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. 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.

EU data come from Eurostat’s COMEXT database, the reference database for international trade in goods. 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. Aggregated and detailed statistics for international trade in goods as disseminated through Eurostat's website are compiled from COMEXT each month. As COMEXT is updated on a daily basis, data published on the website may differ from the data found in COMEXT (in case of recent revisions).

The United Kingdom is considered as an extra-EU partner country for the EU for the whole period covered by this article. However, the United Kingdom was still part of the internal market until the end of the transitory period (31 December 2020), meaning that data on trade with the United Kingdom are still based on statistical concepts applicable to trade between the EU Member States. Consequently, while imports from any other extra-EU trade partner are grouped by country of origin, the United Kingdom data reflect the country of consignment. In practice this means that the goods imported by the EU from the United Kingdom were physically transported from the United Kingdom but part of these goods could have been of other origin than the United Kingdom. For this reason, data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU trade partners.

Data for the non-EU major traders used in Figures 1 to 5 are taken from the UNCTAD database of the United Nations. For the calculation of shares the world trade is defined as the sum of EU trade with non-EU countries (source: Eurostat) plus the international trade of non-EU countries (source: UNCTAD).


Statistics on the international trade of goods are used extensively by decision makers at an international, EU and national level. Businesses may use international trade data to carry out market research and define their commercial strategy. Statistics for international trade in goods are also used by EU institutions in their preparation of multilateral and bilateral trade negotiations, for defining and implementing anti-dumping policies, for the purposes of macroeconomic and monetary policies, and in evaluating the progress of the single market, or the integration of European economies.

The development of trade can be an opportunity for economic growth. The EU has a common trade policy, whereby the European Commission negotiates trade agreements and represents the EU’s interests on behalf of its 27 Member States. The European Commission consults EU Member States through an advisory committee which discusses the full range of trade policy issues affecting the EU including multilateral, bilateral and unilateral instruments. As such, trade policy is an exclusive power of the EU — so only the EU, and not individual EU Member States, can legislate on trade matters and conclude international trade agreements. More recently, this scope has been extended beyond trade in goods, to cover trade in services, intellectual property and foreign direct investment (in chapter 4).

Globally, multilateral trade issues are dealt with under the auspices of the World Trade Organisation (WTO). The WTO has 164 members (in March 2020), with several candidate members in the process of joining. The WTO sets the global rules for trade, provides a forum for trade negotiations, and for settling disputes between members. The European Commission negotiates with its WTO partners and participated in the latest round of WTO multilateral trade negotiations, known as the Doha Development Agenda (DDA).

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Overview of all articles in Statistics Explained on international trade in goods

International trade in goods - long-term indicators (t_ext_go_lti)
International trade in goods - short-term indicators (t_ext_go_sti)

International trade in goods - aggregated data (ext_go_agg)
International trade in goods - long-term indicators (ext_go_lti)
International trade in goods - short-term indicators (ext_go_sti)
International trade in goods - detailed data (detail)