Over the past decade, EU exports to the US have surged by 44%.
In 2024, the US imported a total of just over €584 billion in goods from the EU.
April, July, and November were the top months for US imports, according to the US Census Bureau.
Between 2014 and 2024, US imports from the EU grew by 44%.
On the other hand, the US exported around €357 billion in goods to the EU in 2024.
The top months were March, August, and November.
In 2014, the US exported over €266 billion in goods to the EU, with the following 10 years seeing a 34% increase.
Germany, Italy, and Ireland are among the EU’s top exporters to the US, according to Eurostat.
In 2023, Germany exported the most goods by far (€157 billion), followed by Italy (€67 billion) and Ireland (€51 billion).
Ireland also had the highest share (45.8 %) of the United States in its extra-EU exports.
The most exported goods to the US were medicinal and pharmaceutical products, motor cars and motor vehicles.
Meanwhile, the Netherlands imports the most goods from the US, which are worth almost €76 billion.
This was followed by Germany at €71 billion and France at €43 billion.
Luxembourg had the highest share (29.2%) of the United States in its extra-EU imports.
How has the EU reacted so far?
Donald Trump signed an executive order to introduce new 25% tariffs on all steel and aluminium imports, which will be effective from 4 March.
This announcement will affect the EU, particularly Germany, which is a major steel exporter to the US.
Germany’s carmakers would also be harmed by any tariffs against Mexico, as many manufacturers have significant production operations there.
Ursula von der Leyen stated that she “deeply regrets” Trump’s decision as “unjustified tariffs on the EU will not go unanswered”.
“The EU will act to safeguard its economic interests. We will protect our workers, businesses and consumers,” the President of the European Commission said in a statementreleased on 11 February.
The US President had previously described the European Union as an “atrocity” in terms of trade.
This move wouldn’t be Trump’s first attempt at imposing tariffs.
During his first term, he enacted tariffs of 25% on steel imports and 10% on aluminium imports from the EU, Canada, and Mexico.
This led to the EU responding with tariffs of €2.8 billion on US goods.
Video editor • Mert Can Yilmaz
