The EU Exports 41 Percent More to USA than what it Imports from the Same Region

written by BVM August 8, 2016
EU Exports

An analysis performed by Infoempresa.com, an economic intelligence web service by Telecoming, has concluded that the EU exports to US are 41% higher than those from US to the EU.

While both regions represent around 30 percent of the world trade, the US exported more than €83.000 million to the EU during the first quarter of 2016, while the EU exported to US more than €118.000 million. So, for every euro that the European Union exports to US, it only imports €0.7. Compared with the same period of the previous year, the exports from US to the EU decreased by 0.8%, while on the other way round fell by 2.5%.

Within the EU, the main commercial partners of US are the United Kingdom, importing more than 21.1% of the total of the US exports to the EU, followed by Germany (17.5%), The Netherlands (14.9%), France (12.8%), Belgium (11.2%), Italy (5.6%), Spain (4.2%), and Ireland (3%). Meanwhile, Germany leads the ranking of the main exporters to US (31%), followed by United Kingdom (15.4%), Italy (10.3%), France (9%), Ireland (7.8%), Belgium, The Netherlands, and Spain (5.6%, 4.6% and 3%, respectively).

The impact of Brexit and other current circumstances, on the commercial relations between both of these economic blocs, is yet to be determined. Another study by Infoempresa.com concerned US interests in the Spanish economy. According to this study, conducted on more than 250,000 users, the US is the second country most interested in Spanish companies, with 8% of the 2015 total, and the one with the highest growth in the first quarter of 2016.

Three US geographical areas led the interest in Spanish companies in US, comprising 43% of the country’s total: New York (15.9%), California (14.2%), and Florida (13.2%). The Californian professionals’ interest in Spanish companies is very significant, growing nearly 9 points in the first quarter of 2016. 3 of every 10 interests from this region correspond to the sectors of science, technology, and communication.

Five sectors of activity gather nearly 70% of the US interests. The Spanish trade sector has been the one generating more interest between US professionals in 2015, with 20.9% of the queries, followed by the construction (12.7%) and the manufacturing industry (12.6%). In the first quarter of 2016, the interest in the Spanish manufacturing companies grew 9 points, becoming the second sector of business interest.

 

Check out this handpicked feature on The Mazzella Companies.

You may also like

Topics
Latest