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The European Commission Directorate-General for Trade lists the 10 largest trading partners of the European Union (EU) with their total trade (sum of imports and exports) in billions of euros for 2020 and 2021. With the United Kingdom’s withdrawal from the EU, the United Kingdom entered the top 10 partners of the EU-27.
The largest import and export merchandise trade partners for most countries of the world are listed below. Details for the European Union, Hong Kong and Macau are also included. In most cases the data relates to 2021 rankings.
The European Union has concluded free trade agreements (FTAs) [1] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [2] The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to ...
This is a list of the largest trading partners of the United Kingdom based on ... Trade balance -Total for non-EU: 345,533: 341,932: 642,726: 41,138 - European Union
The United States and European Union are the largest trading partners of most other countries in the world and account for a third of world trade flows. Given the already low tariff barriers (under 3%), to make the deal a success the aim is to remove non-tariff barriers .
The European Free Trade Association (EFTA) was created to allow European countries to partake in a free trade area with less integration as within the European Communities (later European Union). Most of the countries initially in EFTA have since joined the EU itself, so only four remain outside, Norway , Iceland , Liechtenstein and Switzerland .
Economic Partnership Agreements (EPAs) are a scheme to create a free trade area (FTA) between the European Union and other countries. They are a response to continuing criticism that the non-reciprocal and discriminating preferential trade agreements offered by the EU are incompatible with WTO rules.
The European Union–Mercosur Free Trade Agreement would form one of the world's largest free trade areas. 10 largest trading partners (2016, UK included in the EU before Brexit) The European Union is the largest exporter in the world [115] and as of 2008 the largest importer of goods and services.