The European Union (“EU”) exports over $6 trillion in products annually.
The bloc boasts a diversified economy encompassing fuel and mineral
industries, cars, vaccines and technology.
Regarding vaccines
and packaged medicines, EU countries make up at least 36% of global
trade, with Germany being by far the largest exporter of these products
from the bloc.
Is it merely a coincidence that Germany is the
World Health Organisation’s (“WHO’s”) largest contributor and the
European Commission is the fifth largest contributor?
A week ago, Visual Capitalist published a graphic of the EU member states top exports as of 2022.
Belgium,
Bulgaria, Croatia, Finland, Greece, Lithuania, Sweden and the
Netherlands have petroleum gas or refined petroleum as their top export
product.
Besides petroleum, automobiles and automobile parts
significantly contributed to the EU economy. Austria, Czech Republic,
Germany, Hungary, Portugal, Poland, Romania, Slovakia and Spain had
automotive products as their top exports.
Other products helped
diversify the EU economy, Visual Capitalist wrote. France’s top exports
were planes, helicopters and/or spacecraft, while Italy and Denmark
excel in the packaged medicines industry. Ireland has a significant
pharmaceutical industry, hosting major companies such as Pfizer, Johnson
& Johnson, Merck and Novartis....<<<Read More>>>>