Extra-EU trade in goods by invoicing currency

Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2020, the euro was the most used currency for EU exports with a share of 47.5 % of the total value of goods exported to non-EU countries and a share of 29.4 % invoiced in US dollars. The picture was reversed for imports, with 48.1 % of imports paid in US dollars and more than a third in euros (38.2 %). For total trade (exports plus imports) the Euro (43.1 %) was used slightly more often than the US dollar (38.2 %).

Slovenia and Croatia had the highest share for the euro and Ireland the lowest

In 15 of the 27 Member States, the euro was the most used currency for extra-EU trade of goods (exports plus imports) in 2020. Its share was above 60 % in Slovenia (77.6 %) and Croatia (64.0 %) and lowest in Ireland (10.6 %).

The US dollar was the most used currency in twelve Member States. Its share was highest in Greece (57.2 %) followed closely by Ireland (56.8 %).

Member States’ currencies other than the euro had a share above 10 % only in Sweden (17.2 %) followed by Denmark (13.7 %) and Czechia (11.7 %).

Lastly, other currencies had a share above 10 % in five countries. It was highest in Sweden (24.7 %) followed by Denmark (20.3 %) and Poland (19.4 %).

For more information

  • The category ‘unknown’ relates mainly to trade transactions with UK.
  • Eurostat Statistics Explained article on extra-EU trade by invoicing currency
  • Eurostat website section dedicated to international trade in goods statistics
  • Eurostat database on international trade in goods

www.ec.europa.eu/eurostat/