The EU Exports 41% More to USA Than What it Imports From the Same Region
NEW YORK, July 18, 2016 /PRNewswire/ --
- For every euro that the EU exports to US, it only imports 0.7€
- 21,1% of the US total exports to the EU are directed to the United Kingdom
- Eight countries account almost 80% of the American exports to the EU: United Kingdom, Germany, The Netherlands, France, Belgium, Italy, Spain and Ireland
Infoempresa.com, economic intelligence web service by Telecoming, has carried out an analysis, going through different sources, on the commercial relations between the two major economic blocks worldwide: US and the EU. The main conclusion of the report indicates that the EU exports to US are 41% higher than those from US to the EU[1].
Both regions represent around a 30% of the world trade[2]. US exported more than €83.000 million to the EU during the first quarter of 2016, while the EU exported to US more than €118.000 million. So, for every euro that the European Union exports to US, it only imports €0.7. Compared with the same period of the previous year, the exports from US to the EU decreased by 0.8%, while on the other way round fell by 2.5%.
Within the EU, the main commercial partners of US are the United Kingdom, importing more than 21.1% of the total of the US exports to the EU, followed by Germany (17.5%). The Netherlands (14.9%), France (12.8%), Belgium (11.2%), Italy (5.6%), Spain (4.2%) and Ireland (3%). Meanwhile, Germany leads the ranking of the main exporters to US (31%), followed by United Kingdom (15.4%), Italy (10.3%), France (9%), Ireland (7.8%), Belgium, The Netherlands and Spain (5.6%, 4.6% and 3%, respectively).
Ranking of US exports to EU Ranking of EU exports to US
United Kingdom 21.1% Germany 31%
Germany 17.5% United Kingdom 15.4%
The Netherlands 14.9% Italy 10.3%
France 12.8% France 9%
Belgium 11.2% Ireland 7.8%
Italy 5.6% Belgium 5.6%
Spain 4.6% The Netherlands 4.6%
Ireland 3% Spain 3%
1. According to data from DataComex
2. According to Eurostat
The impact of Brexit and other current circumstances, on the commercial relations between both of these economic blocs, is yet to be determined. Rely on trustful sources of information that compile, analyze and distribute financial information at international level, will be decisive to establish business relations between countries. Infoempresa.com is a service that allows you to access to the official financial information of European companies, extremely useful to potential investments, agreements or purchases.
American interests in the Spanish economy
Thereby, taking into consideration the importance of these commercial flows, Infoempresa.com has conducted a study about the "US interests in the Spanish economy", reflecting the interest in the Spanish companies worldwide. According to this study, conducted on more than 250.000 users, US is the second country most interested in Spanish companies, with 8% of the 2015 total, and the one with the highest growth in 2016 (1Q) +3.9pp.
43% of the US business interests in Spain come from New York, California and Florida.
Three US geographical areas led the interest in Spanish companies in US, overcoming 43% of the country's total: New York (15.9%), California (14.2%) and Florida (13.2%). The Californian professionals' interest in Spanish companies is very significant, growing nearly 9 points in the first quarter of 2016. 3 of every 10 interests from this region correspond to the sectors of science, technology and communication.
Five sectors accumulate almost 70% of the US interests in Spain
Five sectors of activity gather nearly 70% of the US interests. The Spanish trade sector has been the one generating more interest between US professionals in 2015, with 20,9% of the queries, followed by the construction (12.7%) and the manufacturing industry (12.6%). In the first quarter of 2016, the interest in the Spanish manufacturing companies grew 9 points, becoming the second sector of business interest.
Top 5 Spanish sectors more interesting in US (2015)
Sector US REST OF THE WORLD
Trade 20.9% 23%
Construction 12.7% 14.4%
Manufacturing industry 12.6% 11.8%
Professional activities 12.1% 12%
Finance 9.6% 6.8%
The pull of the consolidated companies
On the other hand, American professionals show a clear preference for the consolidated company, understanding as consolidated a company with more than 10 years of activity (63%) and currently active (89.16%). Also, the weight of the US interest in corporations is 3 points higher (20%) than the rest of the international interest.
About infoempresa.com
Infoempresa.com is an economic intelligence web service that offers information about all the European companies and managers. Specialist in collection, analysis and distribution of financial information, it was created in 2014 as the industry's most innovative website in terms of usability, speed and traceability. Infoempresa.com is a product of Telecoming, a Spanish company focused on cloud and mobile technology, operating in 7 countries and recognized in 2016 by London Stock Exchange as one of the 1000 companies to inspire Europe.
SOURCE Infoempresa.com
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