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Exports of machinery and vehicles reached €1,013 billion

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In 2024, EU exports reached €2,583bn, higher than the €2,437bn registered for imports, resulting in a surplus of €146bn. 

Based on the overall share in EU trade in 2024, machinery and vehicles was the most significant goods category (based on the standard international trade classification (SITC)), with exports reaching €1,013bn (39.2% of all exports) and imports €801bn (32.9 % of all imports), resulting in a €212bn surplus. This product type was followed by chemicals and related products, with €560bn in exports (21.7% of exports) and €322bn in imports (13.2% of imports), resulting in the highest trade surplus in 2024 among these categories, at €237bn. Food, drinks and tobacco also registered a trade surplus of €52bn (€209bn in exports; €157bn in imports). 

Other product types, such as mineral fuels, lubricants and related materials and raw materials, registered a trade deficit. For mineral fuels, lubricants and related materials, the deficit was significant at €355bn (€131bn in exports; €466bn in imports), while for raw materials it was smaller at €28bn (€68bn in exports; €96bn in imports). Finally for other manufactured goods, there was an even smaller deficit of €11bn (€558bn in exports; €569bn in imports).

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Source dataset: ext_lt_intratrd

When looking at specific products, medicinal and pharmaceutical products stand out, as their share in total exports rose by 7.1 percentage points (pp) to 12.1%. On the other hand, the share of iron and steel fell slightly (-0.6 pp to 1.5%), as did the share of motor cars (-1.3 pp to 6.4%) and articles of apparel and clothing accessories (-0.4 pp to 1.5%).

For imports, the share for medicinal and pharmaceutical products in total imports rose only by 1.4 pp to 4.6%, somewhat more than the increase for motor cars (+0.3 pp to 2.9%) and iron and steel (+0.3 pp to 1.7%), while articles of apparel and clothing accessories dropped slightly (-0.2 pp to 3.5%). These changes should be interpreted with caution, as they are the result of a combination of changes in quantities as well as changes in prices.

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Source dataset: ds-059331

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