March 2006
European Union (25)
                         
BASIC INDICATORS
Population (thousands, 2004)  455 297 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004) 12 690 641 Merchandise  - -
GDP (million current PPP US$, 2004) 12 001 030 Commercial services - -
Current account balance (million US$, 2004) - 23 017 Merchandise excluding intra-EU trade 1 2
Trade per capita (US$, 2002-2004)  6 056 Commercial serv. excl. intra-EU trade 1 1
Trade to GDP ratio (2002-2004)   25.2
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   122 2 1 2
Exports of goods and services (volume, 1995=100) ... ... ... ...
Imports of goods and services (volume, 1995=100) ... ... ... ...
                         
TRADE POLICY
WTO accession date 1 January 1995 Contribution to WTO budget -
Trade Policy Review date 25, 27 October 2004 Import duties collected:
in total tax revenue ...
Tariff binding coverage (%, 2004)   100.0 to total merchandise imports ...
MFN tariffs Final bound Applied 2005
Simple average of ad-valorem duties Number of:
All goods   4.1   4.2 GATS services sectors with commitments   115
Agricultural goods (AOA) X    5.9 Dispute rulings (complainant - defendant) 26 - 21
Non-agricultural goods   3.9   4.0 Notifications outstanding  (CRN)   20
Non ad-valorem duties (% of total tariff lines)   6.0   5.9 Number of contingency measures in force:
Anti-dumping (30 June 2005) 167
MFN duty free imports Countervailing duties (30 June 2005) 16
Share in total imports, 2004   52.6 Safeguards (3 November 2005)   1
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$) 1 205 682 ... 17 21
Merchandise imports, c.i.f. (million US$) 1 283 911 ... 19 21
2004   2004
Share in world total exports    18.08 Share in world total imports  18.28
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   6.5 Agricultural products 8.4
Fuels and mining products   5.1 Fuels and mining products 21.8
Manufactures   85.7 Manufactures 66.8
  By main destination   By main origin
1. United States   24.0 1. United States   15.2
2. Switzerland   7.7 2. China   12.3
3. China   4.9 3. Japan   7.2
4. Russian Federation   4.7 4. Russian Federation   6.9
5. Japan   4.4 5. Switzerland   6.1
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  437 878   ... ... 19
Commercial services imports (million US$)  389 024   ... ... 18
2004   2004
Share in world total exports   27.70   Share in world total imports 24.99
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   26.2   Transportation 25.1
Travel   19.0   Travel 25.4
Other commercial services   54.9   Other commercial services 49.4
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted ... ...  ...      Marks registered, 2002  35 896 22 983 12 913