Exports from the European Union increased 2.5 percent from a year earlier to EUR 160.2 billion in September 2018. In January to September, exports went up 4.1 percent to EUR 1,446.9 billion, boosted by sales of energy (15.4 percent), chemicals (6.9 percent), other manufactured goods (3.5 percent), raw materials (2.7 percent) and machinery and vehicles (1.4 percent). By contrast, exports of food and drink fell 0.8 percent. Exports grew to the US (6.2 percent), China (5.9 percent), Switzerland (5.1 percent) and Norway (6.4 percent), but dropped to Russia (-0.8 percent) and Turkey (-1 percent). Exports in European Union averaged 108990.58 EUR Million from 1999 until 2018, reaching an all time high of 176370.50 EUR Million in March of 2017 and a record low of 42243.20 EUR Million in January of 1999.
Exports in European Union is expected to be 164200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in European Union to stand at 162500.00 in 12 months time. In the long-term, the European Union Exports is projected to trend around 174200.00 EUR Million in 2020, according to our econometric models.