Exports: Value Goods for the European Union
XTEXVA01EUM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
522,308,169,436.96
Year-over-Year Change
-2.55%
Date Range
1/1/1999 - 1/1/2020
Summary
This economic indicator tracks the total value of goods exported from the United States to the European Union. It is an important measure of international trade and economic integration.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Exports: Value Goods for the European Union series represents the total dollar value of physical goods and commodities exported from the U.S. to the 27 member states of the European Union. This metric provides insight into the strength of the U.S. export economy and trade relationship with one of its largest trading partners.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau based on export documentation and shipping records.
Historical Context
Policymakers and economists closely monitor this series to assess the impact of trade agreements, tariffs, and other factors on U.S. export performance.
Key Facts
- The EU is the 2nd largest destination for U.S. goods exports.
- U.S. goods exports to the EU totaled over $318 billion in 2021.
- Exports to the EU account for 18% of total U.S. goods exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of physical goods and commodities exported from the United States to the 27 member states of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the U.S. export economy and trade relationship with one of its largest trading partners, the European Union.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau based on export documentation and shipping records.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this series to assess the impact of trade agreements, tariffs, and other factors on U.S. export performance.
Q: Are there update delays or limitations?
A: The data is reported with a 1-2 month lag, and may be subject to revisions based on updated source information.
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Citation
U.S. Federal Reserve, Exports: Value Goods for the European Union (XTEXVA01EUM667S), retrieved from FRED.