Merchandise exports by the reporting economy (current US$) in European Union
European Union: Merchandise exports by the reporting economy (current US$) was 7.11 trillion current US$ in 2023. ◆ Volatile
Latest (2023)
7.11 trillion current US$
Change on year
up 0.6%
Rank
11th
of 47 groups
All-time high
7.11 trillion current US$
in 2023
All-time low
30.32 billion current US$
in 1960
Years of data
64
1960–2023
Merchandise exports by the reporting economy in European Union, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise exports by the reporting economy in European Union stood at 7.11 trillion current US$. That is the highest value across all 64 years on record.
That represents a change of up 0.6% on the previous year and up 29.9% over ten years.
Over the whole period, merchandise exports by the reporting economy in European Union peaked at 7.11 trillion current US$ in 2023 and was at its lowest, 30.32 billion current US$, in 1960.
That places European Union 11th out of 47 groups with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in European Union, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 30.32 billion current US$ | — |
| 1961 | 32.76 billion current US$ | +8.0% |
| 1962 | 34.32 billion current US$ | +4.8% |
| 1963 | 37.70 billion current US$ | +9.9% |
| 1964 | 42.49 billion current US$ | +12.7% |
| 1965 | 47.50 billion current US$ | +11.8% |
| 1966 | 52.40 billion current US$ | +10.3% |
| 1967 | 56.03 billion current US$ | +6.9% |
| 1968 | 63.60 billion current US$ | +13.5% |
| 1969 | 74.26 billion current US$ | +16.8% |
| 1970 | 88.13 billion current US$ | +18.7% |
| 1971 | 100.79 billion current US$ | +14.4% |
| 1972 | 123.34 billion current US$ | +22.4% |
| 1973 | 171.13 billion current US$ | +38.7% |
| 1974 | 225.88 billion current US$ | +32.0% |
| 1975 | 240.95 billion current US$ | +6.7% |
| 1976 | 267.28 billion current US$ | +10.9% |
| 1977 | 305.79 billion current US$ | +14.4% |
| 1978 | 367.75 billion current US$ | +20.3% |
| 1979 | 461.58 billion current US$ | +25.5% |
| 1980 | 521.67 billion current US$ | +13.0% |
| 1981 | 488.11 billion current US$ | -6.4% |
| 1982 | 473.44 billion current US$ | -3.0% |
| 1983 | 463.23 billion current US$ | -2.2% |
| 1984 | 480.34 billion current US$ | +3.7% |
| 1985 | 507.12 billion current US$ | +5.6% |
| 1986 | 631.99 billion current US$ | +24.6% |
| 1987 | 758.11 billion current US$ | +20.0% |
| 1988 | 844.26 billion current US$ | +11.4% |
| 1989 | 897.15 billion current US$ | +6.3% |
| 1990 | 1.07 trillion current US$ | +19.4% |
| 1991 | 1.08 trillion current US$ | +0.8% |
| 1992 | 1.16 trillion current US$ | +7.6% |
| 1993 | 1.11 trillion current US$ | -4.8% |
| 1994 | 1.27 trillion current US$ | +15.1% |
| 1995 | 1.57 trillion current US$ | +23.6% |
| 1996 | 1.62 trillion current US$ | +2.9% |
| 1997 | 1.81 trillion current US$ | +11.8% |
| 1998 | 1.90 trillion current US$ | +4.8% |
| 1999 | 2.05 trillion current US$ | +8.1% |
| 2000 | 2.14 trillion current US$ | +4.3% |
| 2001 | 2.18 trillion current US$ | +1.7% |
| 2002 | 2.34 trillion current US$ | +7.3% |
| 2003 | 2.82 trillion current US$ | +20.8% |
| 2004 | 3.39 trillion current US$ | +19.9% |
| 2005 | 3.65 trillion current US$ | +7.7% |
| 2006 | 4.11 trillion current US$ | +12.8% |
| 2007 | 4.88 trillion current US$ | +18.7% |
| 2008 | 5.44 trillion current US$ | +11.4% |
| 2009 | 4.22 trillion current US$ | -22.4% |
| 2010 | 4.73 trillion current US$ | +12.2% |
| 2011 | 5.54 trillion current US$ | +17.1% |
| 2012 | 5.29 trillion current US$ | -4.5% |
| 2013 | 5.47 trillion current US$ | +3.5% |
| 2014 | 5.60 trillion current US$ | +2.3% |
| 2015 | 4.89 trillion current US$ | -12.7% |
| 2016 | 4.93 trillion current US$ | +0.9% |
| 2017 | 5.42 trillion current US$ | +9.8% |
| 2018 | 5.93 trillion current US$ | +9.4% |
| 2019 | 5.77 trillion current US$ | -2.7% |
| 2020 | 5.44 trillion current US$ | -5.8% |
| 2021 | 6.58 trillion current US$ | +21.1% |
| 2022 | 7.07 trillion current US$ | +7.4% |
| 2023 | 7.11 trillion current US$ | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 47.14 billion current US$ | 30.32 billion current US$ | 74.26 billion current US$ | 10 |
| 1970s | 235.26 billion current US$ | 88.13 billion current US$ | 461.58 billion current US$ | 10 |
| 1980s | 606.54 billion current US$ | 463.23 billion current US$ | 897.15 billion current US$ | 10 |
| 1990s | 1.47 trillion current US$ | 1.07 trillion current US$ | 2.05 trillion current US$ | 10 |
| 2000s | 3.52 trillion current US$ | 2.14 trillion current US$ | 5.44 trillion current US$ | 10 |
| 2010s | 5.36 trillion current US$ | 4.73 trillion current US$ | 5.93 trillion current US$ | 10 |
| 2020s | 6.55 trillion current US$ | 5.44 trillion current US$ | 7.11 trillion current US$ | 4 |
Countries ranked near European Union
- 8 South Korea 632.29 billion current US$ compare
- 9 Mexico 591.69 billion current US$ compare
- 10 Hong Kong 575.97 billion current US$ compare
- 11 Canada 567.83 billion current US$ compare
- 12 Belgium 562.55 billion current US$ compare
- 13 United Kingdom 487.27 billion current US$ compare
- 14 Singapore 475.78 billion current US$ 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 merchandise exports by the reporting economy in European Union?
- Merchandise exports by the reporting economy in European Union was 7.11 trillion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in European Union?
- The highest recorded value was 7.11 trillion current US$ in 2023.
- What is the lowest merchandise exports by the reporting economy recorded in European Union?
- The lowest recorded value was 30.32 billion current US$ in 1960.
- How does European Union rank for merchandise exports by the reporting economy?
- European Union ranks 11th out of 47 groups with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in European Union?
- Over the last ten years it is up 29.9%. The long-run trend across the full record is volatile.
- Where does this European Union data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.