European exports represent an estimated 33% of total world exports which amounted to $16.3 trillion. As benchmarks, world exports declined in value by -11.6% from 2011 to 2015 and by -12.4% from 2014 to 2015.
Based on statistics from the International Monetary Fund’s World Economic Outlook Database, the aggregate Gross Domestic Product for all EU countries amounted to an estimated $19.176 trillion for 2015.
Therefore, exports accounted for about 28.1% of the EU’s total economic output.
Given the European Union’s population of about 513.9 million people according to 2015 population metrics from the CIA World Factbook, the total $5.385 trillion in 2015 EU exports translates to approximately $10,578 for every person in the economic union.
As the following statistical table bears witness, Germany is by far the EU’s dominant player in international trade.
Top European Export Countries
Below are the top European export countries that attained the highest dollar value in global shipments during 2015. Also shown is each country’s overall share of global exports.
|Rank||Exporter||2015 EU Exports||% World Total|
|4.||United Kingdom||$465.9 billion||2.9%|
|9.||Czech Republic||$155.7 billion||1%|
The top 10 exporters represent 83.8% of the total value of all EU shipments during 2015.
The only two EU nations to grow the value of their exports from 2011 to 2015 were Poland (up 5%) and Cyprus (up 1.8%).
Decliners ranged from -41.2% for Malta and -25% for Sweden to -3% for both Ireland and Croatia. Export sales from the United Kingdom depreciated by -9.9% perhaps fanning the flames for the Brexit movement.
See also Highest Value German Export Products, Netherlands Top 10 Exports and France’s Top Import Partners
The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on May 9, 2016
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on May 9, 2016
Wikipedia, List of European countries by population. Accessed on May 9, 2016