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European Commission

Trade

What the EU does

Deepening and broadening our trade partnerships with third countries helps us to

  • open new markets for EU exports, supporting EU jobs and boosting competitiveness
  • diversify sources of supply, ensuring reliable access to things we need, including raw materials
  • tackle security risks more effectively, and
  • strengthen sustainability in the EU and around the world

EU trade in figures

44
The EU boasts 44 preferential trade agreements with 76 countries
630,000
Over 630,000 European companies export outside the EU, including more than 600,000 small and medium-sized firms
€24 billion
EU trade agreements save Europeans €24 billion in customs duties every year

Areas of action

The EU's role in the World Trade Organization and our ideas for reform

See the texts the EU has tabled in trade negotiations

Key achievements

  • The EU’s network of 44 preferential trade agreements with 76 partners worldwide provides opportunities for EU companies in foreign markets. It offers security of supply for EU value chains. It also supports the EU’s international commitments on trade and sustainable development.
  • The EU is the world’s largest exporter of manufactured goods and services.
  • More than 30 million people in the EU work in jobs related to EU exports.
  • 16 million European jobs depend on investment by non-EU companies in the EU.
  • The EU makes up 16.3% of total world trade in goods and services, ahead of China and the United States.
  • EU trade defence measures address unfair trade practices and thus protect over 550,000 European jobs.
  • The EU-US trade deal has restored stability and predictability in EU-US trade and investment relations, benefitting citizens and businesses on both sides of the Atlantic. 

In focus

Events