The strengthened intra-EU trade simply means a robust international trade network of the regions that approximately account for 70% of the exports and imports have been working as a backbone to the entire economic growth. The sudden surge in agricultural food exports due to the globally rising awareness regarding nutritious diet shifts in their daily lives, accompanied by the diversification of trade partnerships with the top-demanded markets, has been simultaneously reducing the dependency of the region on critical imports, fostering the annual export valuation.

The sustainable development and the innovative measurements taken by the government firms of the central areas of the European region have made the country record an overall global export valuation of 3 trillion US dollars in 2024, recording a significant hike from that of the value of exports worth 2.5 trillion US dollars in 2020. This significant upward trajectory from the export valuation of 2020 represents the stronger economic pillars of the region that have been solidifying its position in the global international market, countering the global acquisitions from different trade estates with the upcoming times fostering the annual valuation.

The Top 10 Leading Exports of the European Union in 2024

The different leading trading regions of the European Union have been coming up with divergent variants of their industrial productivity to solidify their position in the international market. According to the EU Export Data, the top 10 leading variants of global acquisitions that are being exported from this region in 2024 are,

1. Machinery and Mechanical Appliances - The total annual export trade value of Machinery and mechanical appliances from the EU in 2024 - 765 billion US dollars.

2. Vehicles - The total annual export trade value of Vehicles from the EU in 2024 - 543 billion US dollars.

3. Pharmaceuticals - The total annual export trade value of Pharmaceuticals from the EU in 2024 - 386 billion US dollars.

4. Chemicals - The total annual export trade value of Chemicals from the EU in 2024 - 287 billion US dollars.

5. Food and Beverages - The total annual export trade value of Food and beverages from the EU in 2024 - 165 billion US dollars.

6. Iron and Steel - The total annual export trade value of Iron and steel from the EU in 2024 - 145 billion US dollars.

7. Clothing and Textiles - The total annual export trade value of Clothing and textiles from the EU in 2024 - 122 billion US dollars.

8. Plastics and Rubber - The total annual export trade value of Plastics and rubber from the EU in 2024 - 76 billion US dollars.

9. Medical Devices - The total annual export trade value of Medical devices from the EU in 2024 - 65 billion US dollars.

10. Gems and Precious Metals - The total annual export trade value of Gems and precious metals from the EU in 2024 - 38 billion US dollars.

The Top 10 Leading Export Destinations of the European Union in 2024

The European Union is highly expected to continue its upward trajectory in the global market with its diversification of productivities regarding different globally demanded acquisitions from the central areas. According to the EU Trade Data, the top 10 exporting regions of the world, the specific area that accounts for most of the export valuation in 2024 are,

1. United States - According to the USA Export Data, the valuation of the goods exported from the EU in 2024 - 685 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Automobiles and motor vehicles
2. Pharmaceuticals and medical equipment
3. Machinery and mechanical appliances
4. Electrical machinery and equipment
5. Aircraft and spacecraft parts and

2. China - According to the China Export Data, the valuation of the goods exported from the EU in 2024 - 487 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Petroleum oils and fuels
2. Iron and steel products
3. Organic chemicals
4. Plastics and plastic products
5. Dairy products

3. Switzerland - According to the Switzerland Export Data, the valuation of the goods exported from the EU in 2024 - 348 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Meat, fish, and seafood products
2. Textiles and clothing
3. Furniture
4. Leather goods
5. Paper products

4. Japan - According to the Japan Export Data, the valuation of the goods exported from the EU in 2024 - 278 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Wood pulp & paperboard
2. Cereals
3. Precious & semi-precious stones
4. Fertilizers
5. Essential oils

5. United Kingdom - According to the United Kingdom Export Data, the valuation of the goods exported from the EU in 2024 - 187 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Carpets
2. Coffee & tea
3. Glassware
4. Footwear
5. Plastic/rubber articles

6. Russia - According to the Russia Export Data, the valuation of the goods exported from the EU in 2024 - 165 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Petroleum oils
2. Motor vehicle parts
3. Raw materials such as coal and ores
4. Clothing accessories
5. Tobacco products

7. Turkey - According to the Turkey Export Data, the valuation of the goods exported from the EU in 2024 - 154 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Furniture
2. Ceramic products
3. Confectionery items
4. Chocolate
5. Livestock & meat products

8. South Korea - According to the South Korea Export Data, the valuation of the goods exported from the EU in 2024 - 148 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Glassware
2. Jewelry
3. Machinery for food processing
4. Footwear
5. Instruments for measuring meters

9. Canada - According to the Canada Export Data, the valuation of the goods exported from the EU in 2024 - 89 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Steel bars
2. Refrigerators
3. Printed circuits
4. Electrical transformers & resistors
5. Medicinal and pharmaceutical preparations

10. Norway - According to the Norway Export Data, the valuation of the goods exported from the EU in 2024 - 75 billion US dollars.

TOP 5 EXPORTED VARIANTS OF EU

1. Frozen fish
2. Software products
3. Cosmetic beauty or makeup preparations
4. Marine animals like fish roe
5. Fish and seafood

FAQ'S

Que. What is the top export of the European Union in 2024?
Ans. Machinery and mechanical appliances are the top exports of the European Union in 2024.

Que. Name the top export destinations of the European Union in 2024.
Ans. The United States is the top export destination of the European Union in 2024.

Que. What is the export trade value of the European Union in 2024?
Ans. The export trade value of the European Union in 2024 is 2.5 trillion US dollars.

Que. Where can you get a detailed trade analysis of the top exports of the European Union in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the top exports of the European Union in 2024.

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