Here we can take a look at numerical data information to make easier to understand this topic.
Total US investment in the EU is three times higher than in all of Asia. In the case of the EU, its investment in the Us is eight times the amount invested in India and China together.
The European Union and the United States economies account together for about the half GDP of the world.
Exports
The EU countries, would rank 2nd as an export market for the United States in 2015.
U.S. goods exports to the EU in 2015 were $272.7 billion down 1.3% ($3.5 billion) from 2014 but up 46% from 2005. U.S. exports to the EU accounted for 18.1% of overall U.S. goods exports in 2015.
The five largest country markets were: United Kingdom ($56.4 billion), Germany ($49.9 billion), Netherlands ($40.7 billion), Belgium ($34.1 billion), and France ($30.1 billion).
The top export categories in 2015 were: Aircraft ($34.8 billion), Machinery ($30.7 billion), Pharmaceutical Products ($26.4 billion), Optic and Medical Instruments ($26.2 billion), and Electrical Machinery ($20.9 billion).
U.S. domestic exports of agricultural products to the EU totaled $12.1 billion in 2015. The EU countries together would rank 4th as an Ag Export Market for the United States. Leading categories include: tree nuts ($3.0 billion), soybeans ($1.9 billion), wine and beer ($685 million), and prepared food ($499 million),
U.S. exports of services to the EU were $219.3 billion in 2014 (latest data available), up 6.5% ($13.4 billion) from 2013, and 80% since 2004. Intellectual Property (industrial processes, computer software), financial services, travel, professional and management consulting services, and transportation services (including education) categories accounted for most of U.S. services exports to the EU.
Imports
The EU countries together, would rank as the 2nd largest supplier of imports to the United States in 2015.
U.S. goods imports from the EU totaled $426.0 billion in 2015, up 1.9% ($7.8 billion) from 2014, and up 37% from 2005. U.S. imports from the EU accounted for 19.0% of overall U.S. imports in 2015.
The five largest country suppliers of imports are: Germany ($124.1 billion), United Kingdom ($57.8 billion), France ($47.6 billion), Italy ($44.0 billion), and Ireland ($39.4 billion).
The five largest categories in 2015 were: Machinery ($70.2 billion), Vehicles ($58.8 billion), Pharmaceuticals Products ($53.2 billion), Optic and Medical Equipment ($26.9 billion), and Organic Chemicals ($25.9 billion).
U.S. imports for consumption of agricultural products from EU countries totaled $20.0 billion in 2015. The EU countries together rank 3rd (to Canada and Mexico) as a supplier of Ag imports to the United States. Leading categories include: wine and beer ($5.5 billion), essential oils ($2.6 billion), snack foods (including chocolate) ($1.4 billion), vegetable oils ($1.1 billion), and processed fruits and vegetables ($1.1 billion).
U.S. imports of services from the EU were $168.7 billion in 2014 (latest data available), up 3.8% ($6.2 billion) from 2013, and up 58% since 2004. Travel (including education), transportation services, and intellectual property (industrial processes, computer software), professional and management consulting services and research and development services categories accounted for most of U.S. services imports from the EU.
Source: http://ec.europa.eu/trade/policy/countries-and-regions/countries/united-states/
Trade Balance
The U.S. goods trade deficit with the EU was $153.3 billion in 2015, a 7.9% increase ($11.3 billion) over 2014 The U.S. goods trade deficit with the EU accounted for 20.8% of the overall U.S. goods trade deficit in 2015.
The United States has a services trade surplus of $50.6 billion with the EU in 2014 (latest data available), up 16.6% from 2013.
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