Trading between the European Union (EU) and the USA in goods and services is one of the largest between major trading blocks. For instance, in 2022 the EU exported more goods to the US than it imported from the US. The below infographic also shows that generally between these two partners have increased over the years.
Since the start of the Russia-Ukraine war, the EU has become a major market for American oil and gas exports.
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Source: The Council of the EU and the European Council