International Trade: Exports: Value (goods): Total for the European Union
EU28XTEXVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
504,993,930,061.76
Year-over-Year Change
-2.98%
Date Range
1/1/1999 - 1/1/2020
Summary
This trend measures the total value of goods exported from the European Union. It is a key indicator of the EU's trade performance and global economic integration.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The EU's total exports value represents the monetary worth of all goods that are sold by EU member states to other countries. This metric is closely watched by policymakers and analysts to assess the EU's trade position, competitiveness, and participation in global supply chains.
Methodology
The data is collected through official customs and statistical reporting by EU member states.
Historical Context
Exports data is used to inform trade policy, economic forecasting, and analysis of the EU's macroeconomic health.
Key Facts
- The EU is the world's second-largest exporter of goods after China.
- Exports account for over 30% of the EU's total economic output.
- Germany is the largest exporter among EU member states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods exported from the European Union to other countries around the world.
Q: Why is this trend relevant for users or analysts?
A: Exports data is a key indicator of the EU's trade performance, global competitiveness, and participation in international supply chains, making it relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through official customs and statistical reporting by individual EU member states.
Q: How is this trend used in economic policy?
A: Exports data is used to inform trade policy, economic forecasting, and analysis of the EU's macroeconomic health by policymakers, institutions, and market participants.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (goods): Total for the European Union (EU28XTEXVA01CXMLM), retrieved from FRED.