Africa-EU trade in goods: €1 billion surplus - Products Eurostat News

null Africa-EU trade in goods: €1 billion surplus

23/09/2019

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The European Union (EU) is the largest partner for trade in goods with Africa, ahead of China, India, the United States and the United Arab Emirates. Since 2015, the EU has had a trade in goods surplus with Africa, peaking at €28 billion in 2016. However, due to an increase in imports from Africa, this surplus fell to €18 billion in 2017, falling further still in 2018 to €1 billion.

 

EU-28 trade in goods with African countries, 2008-2018

In 2018, 23 EU Member States had a trade in goods surplus with Africa. The highest was in Belgium (€3.8 billion), followed by Germany (€3.7 billion). By contrast, the five countries that had a trade in goods deficit with Africa were Sweden (€23 million), Slovenia (€171 million), Italy (€4.0 billion), the United Kingdom (€7.4 billion) and Spain (€9.0 billion).

EU-Africa trade balance

 

More details on the international trade in goods between the EU and Africa, including analyses by main product group and by African regions, can be found in this Statistics Explained article: Africa-EU – international trade in goods statistics.

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