Merchandise imports by the reporting economy (current US$) in European Union
European Union: Merchandise imports by the reporting economy (current US$) was 7.03 trillion current US$ in 2023. ◆ Volatile
Latest (2023)
7.03 trillion current US$
Change on year
down 5.7%
Rank
10th
of 47 groups
All-time high
7.46 trillion current US$
in 2022
All-time low
31.77 billion current US$
in 1960
Years of data
64
1960–2023
Merchandise imports by the reporting economy in European Union, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise imports by the reporting economy in European Union stood at 7.03 trillion current US$.
That represents a change of down 5.7% on the previous year and up 33.9% over ten years.
Over the whole period, merchandise imports by the reporting economy in European Union peaked at 7.46 trillion current US$ in 2022 and was at its lowest, 31.77 billion current US$, in 1960.
That places European Union 10th out of 47 groups with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) in European Union, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 31.77 billion current US$ | — |
| 1961 | 34.93 billion current US$ | +9.9% |
| 1962 | 38.68 billion current US$ | +10.7% |
| 1963 | 43.01 billion current US$ | +11.2% |
| 1964 | 48.41 billion current US$ | +12.6% |
| 1965 | 53.78 billion current US$ | +11.1% |
| 1966 | 58.93 billion current US$ | +9.6% |
| 1967 | 60.37 billion current US$ | +2.4% |
| 1968 | 66.81 billion current US$ | +10.7% |
| 1969 | 80.76 billion current US$ | +20.9% |
| 1970 | 96.87 billion current US$ | +20.0% |
| 1971 | 107.49 billion current US$ | +11.0% |
| 1972 | 128.36 billion current US$ | +19.4% |
| 1973 | 179.72 billion current US$ | +40.0% |
| 1974 | 251.24 billion current US$ | +39.8% |
| 1975 | 261.95 billion current US$ | +4.3% |
| 1976 | 300.18 billion current US$ | +14.6% |
| 1977 | 336.42 billion current US$ | +12.1% |
| 1978 | 387.86 billion current US$ | +15.3% |
| 1979 | 507.91 billion current US$ | +31.0% |
| 1980 | 614.29 billion current US$ | +20.9% |
| 1981 | 547.62 billion current US$ | -10.9% |
| 1982 | 515.86 billion current US$ | -5.8% |
| 1983 | 488.13 billion current US$ | -5.4% |
| 1984 | 491.67 billion current US$ | +0.7% |
| 1985 | 518.52 billion current US$ | +5.5% |
| 1986 | 606.15 billion current US$ | +16.9% |
| 1987 | 744.08 billion current US$ | +22.8% |
| 1988 | 826.74 billion current US$ | +11.1% |
| 1989 | 897.11 billion current US$ | +8.5% |
| 1990 | 1.10 trillion current US$ | +22.2% |
| 1991 | 1.15 trillion current US$ | +4.7% |
| 1992 | 1.21 trillion current US$ | +5.3% |
| 1993 | 1.08 trillion current US$ | -10.6% |
| 1994 | 1.23 trillion current US$ | +14.1% |
| 1995 | 1.51 trillion current US$ | +22.0% |
| 1996 | 1.54 trillion current US$ | +2.6% |
| 1997 | 1.72 trillion current US$ | +11.5% |
| 1998 | 1.83 trillion current US$ | +6.1% |
| 1999 | 1.99 trillion current US$ | +8.7% |
| 2000 | 2.14 trillion current US$ | +8.0% |
| 2001 | 2.12 trillion current US$ | -1.1% |
| 2002 | 2.23 trillion current US$ | +5.0% |
| 2003 | 2.73 trillion current US$ | +22.4% |
| 2004 | 3.29 trillion current US$ | +20.7% |
| 2005 | 3.62 trillion current US$ | +10.1% |
| 2006 | 4.15 trillion current US$ | +14.5% |
| 2007 | 4.92 trillion current US$ | +18.7% |
| 2008 | 5.59 trillion current US$ | +13.5% |
| 2009 | 4.19 trillion current US$ | -25.0% |
| 2010 | 4.72 trillion current US$ | +12.7% |
| 2011 | 5.55 trillion current US$ | +17.6% |
| 2012 | 5.17 trillion current US$ | -7.0% |
| 2013 | 5.25 trillion current US$ | +1.6% |
| 2014 | 5.34 trillion current US$ | +1.7% |
| 2015 | 4.60 trillion current US$ | -13.8% |
| 2016 | 4.61 trillion current US$ | +0.2% |
| 2017 | 5.14 trillion current US$ | +11.6% |
| 2018 | 5.73 trillion current US$ | +11.4% |
| 2019 | 5.53 trillion current US$ | -3.6% |
| 2020 | 5.14 trillion current US$ | -7.0% |
| 2021 | 6.47 trillion current US$ | +26.0% |
| 2022 | 7.46 trillion current US$ | +15.2% |
| 2023 | 7.03 trillion current US$ | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 51.74 billion current US$ | 31.77 billion current US$ | 80.76 billion current US$ | 10 |
| 1970s | 255.80 billion current US$ | 96.87 billion current US$ | 507.91 billion current US$ | 10 |
| 1980s | 625.02 billion current US$ | 488.13 billion current US$ | 897.11 billion current US$ | 10 |
| 1990s | 1.44 trillion current US$ | 1.08 trillion current US$ | 1.99 trillion current US$ | 10 |
| 2000s | 3.50 trillion current US$ | 2.12 trillion current US$ | 5.59 trillion current US$ | 10 |
| 2010s | 5.16 trillion current US$ | 4.60 trillion current US$ | 5.73 trillion current US$ | 10 |
| 2020s | 6.52 trillion current US$ | 5.14 trillion current US$ | 7.46 trillion current US$ | 4 |
Countries ranked near European Union
- 7 United Kingdom 721.75 billion current US$ compare
- 8 India 666.53 billion current US$ compare
- 9 Hong Kong 655.42 billion current US$ compare
- 10 South Korea 640.41 billion current US$ compare
- 11 Italy 634.52 billion current US$ compare
- 12 Mexico 633.53 billion current US$ compare
- 13 Canada 585.79 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 imports by the reporting economy in European Union?
- Merchandise imports by the reporting economy in European Union was 7.03 trillion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in European Union?
- The highest recorded value was 7.46 trillion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy recorded in European Union?
- The lowest recorded value was 31.77 billion current US$ in 1960.
- How does European Union rank for merchandise imports by the reporting economy?
- European Union ranks 10th out of 47 groups with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in European Union?
- Over the last ten years it is up 33.9%. 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 imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.