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EU: Trade Profile










October 2010

European Union (27)

                         

BASIC INDICATORS











Population (thousands, 2009)
 498 643
Rank in world trade, 2009 Exports Imports

GDP (million current US$, 2009)
16 379 741
Merchandise 

- -

GDP (million current PPP US$, 2007)
15 228 966
excluding intra-EU trade 1 1

Current account balance (million US$, 2009) - 183 107
Commercial services
- -

Trade per capita (US$, 2007-2009)
 9 906
excluding intra-EU trade 1 1

Trade to GDP ratio (2007-2009)
  28.6















Annual percentage change






2009  
2000-2009 2008 2009

Real GDP (2000=100)
  112
1 1 -4

Exports of goods and services (volume, 2000=100)   126
3 1 -12

Imports of goods and services (volume, 2000=100)   126
3 1 -12

                         
















TRADE POLICY












WTO accession 1 January 1995
Contribution to WTO budget
-

Trade Policy Review 6, 8 April 2009
Import duties collected (%, 2006-2008)


GPA accession  1 January 1996
in total tax revenue

0.6

Tariffs and duty free imports


to total imports

1.1

Tariff binding coverage (%) 
  100
Number of notifications to WTO and measures in force 

MFN tariffs

Final bound Applied 2009
Outstanding notifications in WTO Central Registry   19

Simple average of import duties


Goods RTAs - services EIAs notified to WTO 29 - 8

All goods

  5.2   5.3
Anti-dumping (30 June 2009)
144

Agricultural goods (AOA)   13.5   13.5
Countervailing duties (30 June 2009) 10

Non-agricultural goods   3.9   4.0
Safeguards (19 October 2009)
  0

Non ad-valorem duties (% total tariff lines)   4.8   4.6
Number of disputes (complainant - defendant) 

MFN duty free imports (%, 2008)


Requests for consultation 82 - 70

in agricultural goods (AOA)   41.3
Original panel / Appellate Body (AB) reports 33 - 27

in non-agricultural goods   54.8
Compliance panel / AB reports (Article 21.5 DSU) 4 - 4

Services sectors with GATS commitments   115
Arbitration awards (Article 22.6 DSU) 4 - 3

                         
















MERCHANDISE TRADE 

Value
Annual percentage change









2009  
2000-2009 2008 2009
Merchandise exports, f.o.b. (million US$) 1 528 265
8 13 -21

Merchandise imports, c.i.f. (million US$) 1 673 318
7 17 -27























2009  




2009
Share in world total exports    16.20
Share in world total imports  17.39

Breakdown in economy's total exports

Breakdown in economy's total imports


  By main commodity group (ITS)

  By main commodity group (ITS)


Agricultural products

  7.2
Agricultural products

8.4

Fuels and mining products
  7.5
Fuels and mining products
27.7

Manufactures


  81.3
Manufactures


60.6

  By main destination

  By main origin


1. United States

  18.0
1. China


  17.6

2. Switzerland


  7.9
2. United States

  13.1

3. China



  7.2
3. Russian Federation

  9.4

4. Russian Federation

  5.8
4. Switzerland

  6.1

5. Turkey



  3.9
5. Norway


  5.6

                         
















COMMERCIAL SERVICES TRADE 
Value
Annual percentage change









2009  
2000-2009   2008 2009
Commercial services exports (million US$)  651 686  
... 12 -14

Commercial services imports (million US$)  542 861  
... 14 -13






















2009  




2009
Share in world total exports   26.34  
Share in world total imports 23.04
















Breakdown in economy's total exports

Breakdown in economy's total imports


  By principal services item

  By principal services item



Transportation
  23.5  
Transportation
22.8

Travel
  14.6  
Travel
22.2

Other commercial services
  61.8  
Other commercial services
55.0

                         
















INDUSTRIAL PROPERTY 









Patent grants by patent office
Trademark registrations by office, 2008

Residents Non-residents  Total 
Direct residents Direct non-residents Madrid  Total 

- - -
...  69 433  13 565  82 998

                         

 Source WTO
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