site.btaEU Runs EUR 198 Bln Trade Surplus with US in 2024 – Eurostat

In 2024, the EU exported EUR 531.6 billion in goods to the United States and imported EUR 333.4 billion, resulting in a EUR 198.2 billion trade surplus. Compared with 2023, exports increased by 5.5%, while imports declined by 4.0%, the Statistical Office of the European Commission (Eurostat) reported on its website on Tuesday.

Bulgaria exported EUR 1.08 billion in goods to the US in 2024 and imported EUR 418.57 million. Compared with 2023 (EUR 1.137 billion), Bulgarian goods exports to the US decreased by 4.9%. US goods imports to Bulgaria fell by 24%, Eurostat said.

When looking into the breakdown according to the Standard International Trade Classification (SITC) divisions, the top 5 most exported divisions in 2024 made up half (49.5%) of all EU exports to the US. These were medicinal and pharmaceutical products (22.5%), road vehicles (9.6%), general industrial machinery and equipment (6.4%), electrical machinery, appliances and electrical parts (6.0%) and machinery specialized for particular industries (5.0%).

Similarly, for US imports to the EU, the top 5 divisions accounted for 50.4% of all imported goods. These were petroleum, petroleum products and related materials (16.1%), medicinal and pharmaceutical products (13.8%), power-generating machinery and equipment (9.2%), gas, natural and manufactured (5.8%) and other transport equipment (5.5%), Eurostat said.