European Union exports declined in 2020

The European Union’s exports decreased by 9.4 percent last year due to the new type of coronavirus (Kovid-19) outbreak.

The European Statistics Office (Eurostat) has published international trade data for the European Union (EU) and the Eurozone for the December 2020 period. Accordingly, total exports in the Eurozone in 2020 decreased by 9.2 percent compared to the previous year, to 2 trillion 131.4 billion Euros, and total imports fell by 10.8 percent to 1 trillion 897 billion Euros. The trade surplus of the Euro Area in 2020 reached 234.5 billion Euros.

In 2020, the total exports of the EU decreased by 9.4 percent compared to the previous year to 1 trillion 931.6 billion Euros, and imports decreased by 11.6 percent to 1 trillion 714.3 billion Euros. Thus, the EU had a trade surplus of 217.3 billion Euros in the January-December 2020 period.

The countries that imported the most from the EU countries last year were the USA with 353 billion Euros, the United Kingdom with 277.5 billion Euros, China with 202.5 billion Euros, Switzerland with 142.4 billion Euros, Russia with 79 billion Euros, 69.9 billion Euros. Japan and Turkey was 54.5 billion euros and the euro.

The countries with the highest exports to EU countries are China with 383.5 billion Euros, the USA with 202 billion Euros, the United Kingdom with 167.2 billion Euros, Switzerland with 108.6 billion Euros, Russia with 95.2 billion Euros, 62.6 with 54.9 billion euros billion euros with Turkey and was determined as Japan.

Last year, EU trade with China and Russia, more than 181 billion euros to 16.2 billion euros, US 150.9 billion euros, 110.3 billion euros United Kingdom, Switzerland and Turkey gave a deficit of 33.8 billion euros 7.3 billion euros. The total trade volume between Turkey and the EU was 132.5 billion euros in 2020.


Source: bigpara- GÜNDEM by

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