INSIGHT EUROPEAN UNION 1 MIN READ

EU | Digitalization of International Trade

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ICT goods exports play a crucial role in European trade, ranking fifth globally, yet witnessing noticeable declining trends.

  • In 2018, the EU27 exported ICT goods worth about USD 100 billion, making it the fifth-largest ICT goods exporter, following China (mainland), Hong Kong, South Korea, and Singapore. || Source: UNCTAD
    + In 2022, over half of the EU’s high-tech imports from non-EU countries came from China (38%; €183 billion) and the United States (19%; €91 billion), followed by Switzerland and Taiwan. || Source: Eurostat
  • In 2021, IT exports averaged 5.79% of total goods exports across 27 EU countries. Malta led with 16.16%, Spain had the lowest at 1.59%, and France ranked 14th with 3.64%. || Source: World Bank