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Intra-EU trade between Member States dropped for the first time in a decade according to the Financial Times.
EconomyEuropean Union
- Omissions
- The FT article cites data from a draft European Commission report on the single market, not directly from Eurostat publications
- The specific metric used is intra-EU trade as a percentage of EU GDP, not absolute trade volumes
- The decline refers specifically to goods trade and measured as share of GDP rather than total value in absolute terms
- Sources
- PrimaryEurostat - Intra-EU trade in goods - main featuresIn 2024, the exports of goods from EU countries to other EU countries stood at €4,135 billion, a decrease of 2.4% compared to 2023
- SecondaryFinancial TimesTrade between member states as a share of EU GDP dropped from 23.5% in 2023 to 22% in 2024; first decline in a decade
facthem.eu