Binding coverage, primary products (%) in European Union
European Union: Binding coverage, primary products (%) was 0.0% in 2022. ▼ Falling
Binding coverage, primary products in European Union, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for binding coverage, primary products in European Union is 0.0%, measured in 2022. That is the lowest value across all 28 years on record.
That represents a change of down 100.0% on the previous year and down 100.0% over ten years.
Over the whole period, binding coverage, primary products in European Union peaked at 100.0% in 1995 and was at its lowest, 0.0%, in 2022.
The long-run direction has been consistently falling across the 28 years of available data.
Binding coverage, primary products (%) in European Union, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 100.0% | — |
| 1996 | 100.0% | +0.0% |
| 1997 | 100.0% | +0.0% |
| 1998 | 100.0% | +0.0% |
| 1999 | 100.0% | +0.0% |
| 2000 | 100.0% | +0.0% |
| 2001 | 100.0% | +0.0% |
| 2002 | 100.0% | +0.0% |
| 2003 | 100.0% | +0.0% |
| 2004 | 100.0% | +0.0% |
| 2005 | 100.0% | +0.0% |
| 2006 | 100.0% | +0.0% |
| 2007 | 100.0% | +0.0% |
| 2008 | 100.0% | +0.0% |
| 2009 | 100.0% | +0.0% |
| 2010 | 100.0% | +0.0% |
| 2011 | 100.0% | +0.0% |
| 2012 | 100.0% | +0.0% |
| 2013 | 100.0% | +0.0% |
| 2014 | 100.0% | +0.0% |
| 2015 | 100.0% | +0.0% |
| 2016 | 100.0% | +0.0% |
| 2017 | 99.9% | -0.1% |
| 2018 | 99.9% | +0.0% |
| 2019 | 99.9% | +0.0% |
| 2020 | 99.9% | +0.0% |
| 2021 | 99.9% | +0.0% |
| 2022 | 0.0% | -100.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 100.0% | 100.0% | 100.0% | 5 |
| 2000s | 100.0% | 100.0% | 100.0% | 10 |
| 2010s | 100.0% | 99.9% | 100.0% | 10 |
| 2020s | 66.6% | 0.0% | 99.9% | 3 |
Countries ranked near European Union
- 1 Democratic Republic of Congo 100.0% compare
- 1 Djibouti 100.0% compare
- 1 Grenada 100.0% compare
- 1 Tajikistan 100.0% compare
- 1 Trinidad and Tobago 100.0% compare
More private sector data for European Union
- Merchandise trade 70.9% (2025)
- Food imports 11.3% (2025)
- Manufactures imports 71.5% (2025)
- Merchandise imports 7.41 trillion current US$ (2025)
- Commercial service imports 3.21 trillion current US$ (2025)
- Food exports 11.4% (2025)
- Manufactures exports 76.5% (2025)
- Merchandise exports 7.66 trillion current US$ (2025)
- Commercial service exports 3.58 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 16,988 current US$ per person (2025)
Frequently asked questions
- What is binding coverage, primary products in European Union?
- Binding coverage, primary products in European Union was 0.0% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in European Union?
- The highest recorded value was 100.0% in 1995.
- What is the lowest binding coverage, primary products recorded in European Union?
- The lowest recorded value was 0.0% in 2022.
- How does European Union rank for binding coverage, primary products?
- European Union ranks 1st out of 1 groups with data for 2022.
- Is binding coverage, primary products rising or falling in European Union?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is falling.
- Where does this European Union data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).