U.S. Exports of Goods by F.A.S. Basis to European Union
EXP0003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,005.69
Year-over-Year Change
15.49%
Date Range
1/1/1997 - 7/1/2025
Summary
The U.S. Exports of Goods by F.A.S. Basis to European Union measures the value of U.S. exports of goods to the European Union, providing insights into the strength of transatlantic trade.
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
This economic indicator tracks the total value of goods exported from the United States to the European Union, using the 'free alongside ship' (F.A.S.) basis for valuation. It is an important measure of U.S. export activity and trade dynamics with a major economic partner.
Methodology
The data is collected by the U.S. Census Bureau through surveying exporters and compiling international trade statistics.
Historical Context
Policymakers and market analysts use this indicator to assess the health of U.S. export trade with the EU and the broader global economic environment.
Key Facts
- The EU is the United States' second-largest export market after Canada.
- U.S. exports to the EU were valued at over $310 billion in 2021.
- Machinery, transportation equipment, and chemicals are major U.S. export categories to the EU.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of goods exported from the United States to the European Union, providing insights into the strength of transatlantic trade.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the health of U.S. export trade with a major economic partner, the European Union, and the broader global economic environment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveying exporters and compiling international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this indicator to assess the strength of U.S. export trade with the EU and the broader global economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with a typical delay of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, U.S. Exports of Goods by F.A.S. Basis to European Union (EXP0003), retrieved from FRED.