Economy > Trade Stats: compare key data on European Union & United States
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- Export growth: Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments."
- Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
- Exports > Exports of goods and services > Constant 2000 US$ per capita: Exports of goods and services (constant 2000 US$). Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2005 U.S. dollars. Figures expressed per capita for the same year.
- Exports > Exports of goods, services and primary income > BoP, current US$: Exports of goods, services and primary income (BoP, current US$). Exports of goods, services and primary income is the sum of goods exports, service exports and primary income receipts. Data are in current U.S. dollars.
- Exports > Goods: Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Data are in current U.S. dollars."
- Exports > High-technology exports > Current US$ per capita: High-technology exports (current US$). High-technology exports are products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Exports > Leading export market: Country or customs union which is the main recipient of exports.
- Exports > Per $ GDP: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per $ GDP figures expressed per 1 $ gross domestic product.
- Exports > Per capita: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per capita figures expressed per 1 population.
- Exports per capita: The total US dollar amount of exports on an f.o.b. (free on board) basis. Figures expressed per capita for the same year.
- Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
- Imports per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
- Tariffs > Binding coverage > All products: Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.
- Tariffs > Tariff rate > Applied > Simple mean > All products: Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs."
- Tariffs > Tariff rate > Applied > Weighted mean > All products: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead."
- Exports > High-technology exports > Current US$, % of GDP: High-technology exports (current US$). High-technology exports are products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Imports > Computer > Communications and other services > % of commercial service imports: Computer, communications and other services (% of commercial service imports) include such activities as international telecommunications, and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; and personal, cultural, and recreational services."
- Imports > Goods > Services and income: Imports of goods, services and income is the sum of goods (merchandise) imports, imports of (nonfactor) services and income (factor) payments. Data are in current U.S. dollars."
- Imports > Import procedure fees > US$ per container: Cost measures the fees levied on a 20-foot container in U.S. dollars. All the fees associated with completing the procedures to export or import the goods are included. These include costs for documents, administrative fees for customs clearance and technical control, customs broker fees, terminal handling charges and inland transport. The cost measure does not include tariffs or trade taxes. Only official costs are recorded."
- Exports > Manufactures > Exports > % of merchandise > Exports: Manufactures comprise commodities in SITC sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (non-ferrous metals)."
- Tariffs > Tariff rate > Most favored nation > Weighted mean > Manufactured products: Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.
- Balance of payments > Secondary income receipts > BoP, current US$: Secondary income receipts (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.
- Exports > Computer, communications and other services > % of commercial service exports: Computer, communications and other services (% of commercial service exports). Computer, communications and other services (% of commercial service exports) include such activities as international telecommunications, and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; and personal, cultural, and recreational services.
- Exports > Transport services > % of service exports, BoP: Transport services (% of service exports, BoP). Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).
- Exports > High-technology exports > Current US$: High-technology exports (current US$). High-technology exports are products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery. Data are in current U.S. dollars.
- Exports > Insurance and financial services > % of commercial service > Exports: Insurance and financial services cover freight insurance on goods exported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services."
- Exports > Merchandise > Exports by the reporting economy > Residual > % of total merchandise > Exports: Merchandise exports by the reporting economy residuals are the total merchandise exports by the reporting economy to the rest of the world as reported in the IMF's Direction of trade database, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies as of July 1, 2009. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy."
- Balance of payments > Portfolio equity, net inflows > BoP, current US$, % of GDP: Portfolio equity, net inflows (BoP, current US$). Portfolio equity includes net inflows from equity securities other than those recorded as direct investment and including shares, stocks, depository receipts (American or global), and direct purchases of shares in local stock markets by foreign investors. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Imports > Commercial service imports > Current US$: Commercial service imports are total service imports minus imports of government services not included elsewhere. International transactions in services are defined by the IMF's Balance of Payments Manual (1993) as the economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Definitions may vary among reporting economies."
- Balance of payments > Secondary income receipts > BoP, current US$, % of GDP: Secondary income receipts (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
- Balance of payments > Personal remittances, received > Current US$ per capita: Personal remittances, received (current US$). Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars. Figures expressed per capita for the same year.
- Tariffs > Tariff rate > Applied > Simple mean > Primary products: Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals)."
- Exports > Merchandise exports by the reporting economy > Current US$, % of GDP: Merchandise exports by the reporting economy (current US$). Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$. Figures expressed as a proportion of GDP for the same year
- Balance of payments > Secondary income, other sectors, payments > BoP, current US$: Secondary income, other sectors, payments (BoP, current US$). Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.
- Balance of payments > Charges for the use of intellectual property, receipts > BoP, current US$: Charges for the use of intellectual property, receipts (BoP, current US$). Charges for the use of intellectual property are payments and receipts between residents and nonresidents for the authorized use of proprietary rights (such as patents, trademarks, copyrights, industrial processes and designs including trade secrets, and franchises) and for the use, through licensing agreements, of produced originals or prototypes (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Data are in current U.S. dollars.
- Balance of payments > Primary income receipts > BoP, current US$: Primary income receipts (BoP, current US$). Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.
- Exports > Merchandise exports by the reporting economy > Current US$ per capita: Merchandise exports by the reporting economy (current US$). Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$. Figures expressed per capita for the same year.
- Exports > Commercial service exports > Current US$: Commercial service exports (current US$). Commercial service exports are total service exports minus exports of government services not included elsewhere. International transactions in services are defined by the IMF's Balance of Payments Manual (1993) as the economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Definitions may vary among reporting economies.
- Exports > Computer > Communications and other services > % of commercial service > Exports: Computer, communications and other services (% of commercial service exports) include such activities as international telecommunications, and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; and personal, cultural, and recreational services."
- Exports > Merchandise > Exports to high-income economies > % of total merchandise > Exports: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies as of July 1, 2009. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
- Exports > Ores and scrap metal > Exports > % of merchandise > Exports: Ores and metals comprise the commodities in SITC sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals)."
- Exports > License fees and royalties: Royalty and license fees are payments and receipts between residents and nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through licensing agreements, of produced originals of prototypes (such as films and manuscripts). Data are in current U.S. dollars."
- Exports > Merchandise > Exports > Current US$: Merchandise exports show the f.o.b. value of goods provided to the rest of the world valued in current U.S. dollars.
- Exports > Services: Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies. Data are in current U.S. dollars."
- Exports > Merchandise > Exports by the reporting economy > Current US$: Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$."
- Tariffs > Share of tariff lines with specific rates > Manufactured products: Share of tariff lines with specific rates is the share of lines in the tariff schedule that are set on a per unit basis or that combine ad valorem and per unit rates. It shows the extent to which countries use tariffs based on physical quantities or other, non-ad valorem measures. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68."
- Tariffs > Tariff rate > Applied > Weighted mean > Primary products: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals)."
- Tariffs > Binding coverage > Primary products: Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).
- Imports > Travel services > % of commercial service imports: Travel services (% of commercial service imports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging, meals, and transport (within the economy visited)."
- Imports > Insurance and financial services > % of commercial service imports: Insurance and financial services cover freight insurance on goods imported and other direct insurance such as life insurance; financial intermediation services such as commissions, foreign exchange transactions, and brokerage services; and auxiliary services such as financial market operational and regulatory services."
- Imports > Insurance and financial services > % of service imports: Insurance and financial services (% of service imports, BoP) cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. Services imports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the International Monetary Fund's (IMF) Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies."
- Tariffs > Binding coverage > Manufactured products: Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.
- Tariffs > Tariff rate > Applied > Weighted mean > Manufactured products: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's"
- Exports > Merchandise > Exports to third world economies in Middle East and North Africa > % of total merchandis: Merchandise exports to third world economies in Middle East and North Africa are the sum of merchandise exports from the reporting economy to third world economies in the Middle East and North Africa region according to World Bank classification of economies as of July 1, 2009. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
- Exports > Merchandise > Exports to third world economies in Sub-Saharan Africa > % of total merchandise > Exports: Merchandise exports to third world economies in Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to third world economies in the Sub-Saharan Africa region according to World Bank classification of economies as of July 1, 2009. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
- Exports > Merchandise > Exports to third world economies in Europe and Central Asia > % of total merchandise exp: Merchandise exports to third world economies in Europe and Central Asia are the sum of merchandise exports from the reporting economy to third world economies in the Europe and Central Asia region according to World Bank classification of economies as of July 1, 2009. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
- Imports > Merchandise imports from third world economies outside region > % of total merchandise imports: Merchandise imports from third world economies outside region are the sum of merchandise imports by the reporting economy from other third world economies in other World Bank regions according to the World Bank classification of economies as of July 1, 2009. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
SOURCES: World Bank national accounts data, and OECD National Accounts data files.; CIA World Factbooks 18 December 2003 to 28 March 2011; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; United Nations, Comtrade database. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Trade Organization Trade Profiles database, loaded 2010; CIA World Factbooks 18 December 2003 to 28 March 2011. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organisation.; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database.; World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade and Development's Trade Analysis and Information System (TRAINS) database and global imports data from the United Nations Statistics Division's Comtrade database.; United Nations, Comtrade database. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; World Bank, Doing Business project (http://www.doingbusiness.org/).; World Bank staff estimates from the Comtrade database maintained by the United Nations Statistics Division.; United Nations, Comtrade database.; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; International Monetary Fund, Balance of Payments database, and World Bank, International Debt Statistics. World Bank World Development Indicators. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files. World Bank World Development Indicators. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; World Bank staff estimates. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank staff estimates. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; World Trade Organisation.
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