Foreign Trade (As % of GDP) rose to 85.4% in European Union in 2017

Foreign Trade (As % of GDP) (%)
Economy | European Union | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 85.4 % in 2017 in European Union, according to the National Statistical Office. This is 3.53 % more than in the previous year.

Historically, foreign trade as a share of GDP in European Union reached an all time high of 85.4 % in 2017 and an all time low of 38.0 % in 1962. When compared to European Union's main peers, foreign trade as a share of GDP in China amounted to 37.8 %, 34.4 % in Japan, 46.8 % in Russia and 27.1 % in USA in 2017.

European Union has been ranked 68th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 33 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Canada % 62.3% 62.4% 62.0% 64.1% 65.8%
China % 50.6% 48.1% 46.6% 44.9% 39.5%
European Union % 80.9% 82.2% 81.9% 82.4% 83.2%
Germany % 84.7% 85.9% 84.8% 84.4% 85.7%
India % 55.6% 55.8% 53.8% 48.9% 41.9%
Japan % 30.4% 30.6% 34.1% 37.5% 35.6%
Mexico % 63.5% 65.8% 63.8% 65.0% 71.2%
Russia % 47.9% 47.1% 46.2% 47.7% 49.3%
South Korea % 110% 110% 103% 95.3% 83.7%
USA % 30.8% 30.6% 30.0% 30.0% 27.7%