EU trade with the Indo-Pacific region

November 28, 2022

Between 2011 and 2021, imports of goods from the Indo-Pacific region to the EU have grown considerably, more than exports, which also displayed a steady growth. Imports have increased from EUR 515 billion in 2011 to EUR 844 billion in 2021 (+64%), while exports grew from EUR 407 billion to EUR 583 billion in the same period (+44%). With extra-EU imports growing more than exports, the EU’s trade deficit with the Indo-Pacific region reached EUR 261 billion, the highest value since 2011 (EUR 109 billion).  

 

The growth rates of imports and exports from the Indo-Pacific region in extra-EU trade dipped during the height of the COVID-19 pandemic (-1 % and -7 %, respectively, in 2020 compared with 2019). However, they recovered in 2021 compared with 2020; +21 % for imports and +13 % for exports.

In 2021, the Indo-Pacific region made up a significant share of all extra-EU imports (40 %) and exports (27 %).

This news article is being published on the occasion of the Ministerial Forum for Cooperation in the Indo-Pacific, being held tomorrow November 29, 2022. The forum aims to provide a unique platform for experts and policymakers to discuss Europe’s role in the Indo-Pacific and bring the Indo-Pacific security debate to the European capital.

For more information

www.ec.europa.eu/eurostat/