This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 8/1/2019

U.S. Government engagement in such sectors as automotive (e-vehicles), chemicals, energy and environment (smart grids, renewables, LNG), health and medical technologies, manufacturing (advanced manufacturing, additive manufacturing, advanced materials), digital, and information and communications technology will continue to contribute towards U.S. businesses growth and job creation.

The Department of Commerce and the Commercial Service European Union office (CSEU) continue to be a major force, supporting and protecting U.S. commercial interests by:  counseling U.S. firms on EU market entry requirements, standards, and legislation; monitoring legislative developments that may impact U.S. commercial interests; and advocating on behalf of U.S. companies to ensure that the EU remains open to U.S. commercial activity.

The CSEU works to resolve market access barriers that impede U.S. commercial activities in Europe assists companies/industries experiencing with specific issues, identifies and works to reduce technical barriers to trade such as technical and standards regulations, product standards and testing, and certification procedures that hamper U.S. exports.
 
Overview

Includes UK

 2017

2018

2019 (estimates)

GDP (current prices)

 17,325 ^^

18,769^^

^^19,150

Total EU Exports to the world

 2,123.9 *

 2,308.6*

2116.1*

Total EU Imports from the world

 2,103 *

 2,341.8 *

2310.3*

Import of goods from the U.S.

 288,729 *

 313,941 *

323,844*

Export of goods to the U.S.

 418,919 *

 473,298 *

465,846*

Exchange Rate (Euro Zone) : 1 Euro ^

 $1.1297 ^

 $1.1810^

$1.14^^^























Unit: USD millions

Data Sources:

* Global Trade Atlas, U.S. Department of Commerce Bureau of Economic Analysis. 2019 based on 2 months of data available at time of report
^ Eurostat- Exchange Rates
^^ International Monetary Fund, World Economic Outlook Database, Oct 2018
^^^ March 2019 ECB staff macroeconomic projections for the euro area. European Central Bank; Eurosystem

Principle U.S. Exports to European Union in 2018:

Machinery (21.32%)
Pharmaceutical Products (9.76%)
Mineral Fuel, Oil, including LNG (8.92%)1
Aircraft, Spacecraft & Parts (8.53%)
Optical, Medical Instruments (8.39%)
Electrical Machinery (7.22%)

Note:  Services exports were valued at $256 Billion*

1 LNG increased from .36% of this category exported to the EU in 2016 to 2% of this category in 2017, and increased again in 2018 to 2.2%

Principal U.S. Imports from European Union in 2018:
Machinery (18.38%)
Pharmaceutical Products (14.02%)
Vehicles(12.21%)
Optical, Medical Instruments (7.38%)
Electrical Machinery (6.98%)
Organic Chemicals (5.21%)

Note:  Services Imports were valued at $196 Billion*

Source: Global Trade Atlas, U.S. Department of Commerce Bureau of Economic Analysis

Web Resources:
European Commission, Directorate-General for Trade, EU-U.S. trade



 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.