Merchandise imports by the reporting economy, residual in European Union
European Union: Merchandise imports by the reporting economy, residual was 0.0% in 2023. ◆ Volatile
Merchandise imports by the reporting economy, residual in European Union, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports by the reporting economy, residual in European Union stood at 0.0%.
Compared with earlier readings it is up 14.4% on the previous year and down 76.3% over ten years.
Over the whole period, merchandise imports by the reporting economy, residual in European Union peaked at 0.8% in 1962 and was at its lowest, 0.0%, in 2021.
European Union ranks 30th of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy, residual in European Union, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.8% | — |
| 1961 | 0.8% | +6.2% |
| 1962 | 0.8% | +0.2% |
| 1963 | 0.8% | -0.6% |
| 1964 | 0.7% | -10.6% |
| 1965 | 0.6% | -24.0% |
| 1966 | 0.5% | -15.8% |
| 1967 | 0.5% | +14.6% |
| 1968 | 0.4% | -20.8% |
| 1969 | 0.4% | -14.2% |
| 1970 | 0.3% | -16.3% |
| 1971 | 0.3% | -3.3% |
| 1972 | 0.2% | -18.1% |
| 1973 | 0.2% | -18.7% |
| 1974 | 0.3% | +63.1% |
| 1975 | 0.3% | -6.1% |
| 1976 | 0.3% | -0.6% |
| 1977 | 0.2% | -33.6% |
| 1978 | 0.2% | +8.2% |
| 1979 | 0.3% | +52.5% |
| 1980 | 0.5% | +54.4% |
| 1981 | 0.7% | +30.2% |
| 1982 | 0.5% | -19.7% |
| 1983 | 0.6% | +13.5% |
| 1984 | 0.5% | -17.9% |
| 1985 | 0.5% | +8.5% |
| 1986 | 0.2% | -57.6% |
| 1987 | 0.2% | -22.7% |
| 1988 | 0.1% | -23.1% |
| 1989 | 0.2% | +13.6% |
| 1990 | 0.2% | +10.3% |
| 1991 | 0.1% | -19.7% |
| 1992 | 0.1% | -6.2% |
| 1993 | 0.1% | -6.9% |
| 1994 | 0.1% | -11.2% |
| 1995 | 0.1% | +6.0% |
| 1996 | 0.1% | -4.4% |
| 1997 | 0.1% | -1.0% |
| 1998 | 0.1% | -25.1% |
| 1999 | 0.1% | +7.9% |
| 2000 | 0.1% | +22.1% |
| 2001 | 0.1% | +11.0% |
| 2002 | 0.1% | -8.9% |
| 2003 | 0.1% | -29.6% |
| 2004 | 0.1% | -6.3% |
| 2005 | 0.1% | +59.0% |
| 2006 | 0.2% | +43.0% |
| 2007 | 0.1% | -16.3% |
| 2008 | 0.1% | +11.0% |
| 2009 | 0.1% | -20.9% |
| 2010 | 0.1% | -18.6% |
| 2011 | 0.1% | -2.0% |
| 2012 | 0.1% | +7.1% |
| 2013 | 0.1% | -19.9% |
| 2014 | 0.1% | +4.0% |
| 2015 | 0.0% | -43.3% |
| 2016 | 0.0% | -42.3% |
| 2017 | 0.0% | +25.1% |
| 2018 | 0.0% | +0.3% |
| 2019 | 0.0% | +33.7% |
| 2020 | 0.0% | -64.8% |
| 2021 | 0.0% | -38.3% |
| 2022 | 0.0% | +67.7% |
| 2023 | 0.0% | +14.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.6% | 0.4% | 0.8% | 10 |
| 1970s | 0.3% | 0.2% | 0.3% | 10 |
| 1980s | 0.4% | 0.1% | 0.7% | 10 |
| 1990s | 0.1% | 0.1% | 0.2% | 10 |
| 2000s | 0.1% | 0.1% | 0.2% | 10 |
| 2010s | 0.1% | 0.0% | 0.1% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 4 |
Countries ranked near European Union
More private sector data for European Union
- Merchandise trade 70.9% (2025)
- Food imports 10.7% (2024)
- Manufactures imports 70.7% (2024)
- Merchandise imports 7.41 trillion current US$ (2025)
- Food exports 11.0% (2024)
- Manufactures exports 76.6% (2024)
- Merchandise exports 7.66 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 16,988 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3608 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.82 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy, residual in European Union?
- Merchandise imports by the reporting economy, residual in European Union was 0.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy, residual recorded in European Union?
- The highest recorded value was 0.8% in 1962.
- What is the lowest merchandise imports by the reporting economy, residual recorded in European Union?
- The lowest recorded value was 0.0% in 2021.
- How does European Union rank for merchandise imports by the reporting economy, residual?
- European Union ranks 30th out of 47 groups with data for 2023.
- Is merchandise imports by the reporting economy, residual rising or falling in European Union?
- Over the last ten years it is down 76.3%. 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, residual (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy residuals 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, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.