Goods exports as a part of the balance of payment rose 22.2% to USD 6,332 bil in the European Union in 2021, according to the National Statistical Office.
Historically, goods exports as a part of the balance of payment in the European Union reached an all time high of USD 6,332 bil in 2021 and an all time low of USD 332 bil in 1975. When compared to European Union's main peers, goods exports as a part of the balance of payment in China amounted to USD 3,216 bil, USD 749 bil in Japan, USD 494 bil in Russia and USD 1,761 bil in USA in 2021.
European Union has been ranked th within the group of 140 countries we follow in terms of goods exports as a part of the balance of payment.
Goods Exports (BoP, USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Canada | USD bil | 411 | 394 | 424 | 452 | 449 | ||||||||||||||||
China | USD bil | 2,143 | 1,990 | 2,216 | 2,417 | 2,387 | ||||||||||||||||
European Union | USD bil | 4,688 | 4,737 | 5,203 | 5,682 | 5,518 | ||||||||||||||||
Germany | USD bil | 1,294 | 1,305 | 1,420 | 1,525 | 1,460 | ||||||||||||||||
India | USD bil | 272 | 269 | 304 | 332 | 331 | ||||||||||||||||
Japan | USD bil | 622 | 636 | 689 | 736 | 695 | ||||||||||||||||
Mexico | USD bil | 381 | 374 | 410 | 451 | 461 | ||||||||||||||||
Russia | USD bil | 341 | 282 | 353 | 444 | 420 | ||||||||||||||||
South Korea | USD bil | 543 | 512 | 580 | 626 | 557 | ||||||||||||||||
USA | USD bil | 1,511 | 1,457 | 1,557 | 1,677 | 1,655 |