What is an extra-EU country?

What is an extra-EU country?

Extra-EU refers to transactions with all countries outside of the EU: the rest of the world except for the European Union (EU) Member States.

What is extra-EU exports?

1. Trade in goods or services (e. g. exports and imports) between the EU and the rest of the world excluding the trade among the EU member states. It is calculated as a sum of the extra-EU trade of the EU member states.

Is UK an extra-EU country?

In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it. The United Kingdom is considered as an extra-EU partner country for the EU for the whole period covered by this article.

What is intra EU trade?

1. Trade in goods or services (e. g. exports and imports) among the EU member states. Learn more in: The European Union as a Major Trading Player in the Global Economy.

Which EU countries export the most?

Germany was the biggest EU exporter of all top 5 export products in 2020 – machinery and equipment, pharmaceutical products, motor vehicles, chemical products and computer, electronic and optical products.

Which countries are part of the European Union?

The EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

What is an Extrepot trade?

Extrepot trade- The trade in which trader imports goods with an idea to export it to other countries. 8. Auxiliaries to trade- Activities such as banking, warehousing, insurance and advertising that assists the trade are the trade auxiliaries.

What is intra and extra trade?

Intra-trade is the trade between economies belonging to the same group. Extra-trade is the trade of economies of the same group with all economies outside the group.

What explains intra industry trade?

Intra-industry trade refers to the exchange of similar products belonging to the same industry. The term is usually applied to international trade, where the same types of goods or services are both imported and exported.

Who is Europe’s biggest trading partner?

China
List of the largest trading partners of the European Union