Merchandise trade (% of GDP) in European Union was reported at 87.3 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. European Union - Merchandise trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2024.

European Union - Merchandise Trade (% Of GDP)
Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.