And I was wrong. By EU’s own statistics trade in goods with the US is in the black (1).
In particular figure 7 (2) shows imports of energy goods jump from roughly 30 Bn Euro to around 100 Bn of from 2021 to 2022. Falling to around 80 Bn in 2023. Compensated by other exports.
Figure 8 (3) shows natural gas imports falling by almost half in 2023.
Those are the facts. Stats are most certainly nuanced, as example haven’t checked which goods are excluded, but I have to adjust my layman level understanding of it.
In particular figure 7 (2) shows imports of energy goods jump from roughly 30 Bn Euro to around 100 Bn of from 2021 to 2022. Falling to around 80 Bn in 2023. Compensated by other exports.
Figure 8 (3) shows natural gas imports falling by almost half in 2023.
Those are the facts. Stats are most certainly nuanced, as example haven’t checked which goods are excluded, but I have to adjust my layman level understanding of it.
1. https://ec.europa.eu/eurostat/statistics-explained/index.php...
2. https://ec.europa.eu/eurostat/statistics-explained/index.php...
3. https://ec.europa.eu/eurostat/statistics-explained/index.php...