Global Journal of Commerce & Management Perspective
Open Access

Abstract

Trade Performance in EU27 Member States

Martin Gress

The European Union is one of the most important economic groupings and is a strong economic power in the world economy. The EU currently comprises 28 European states. Our analysis include 27 members excluding Croatia, because of analyzed variables for year 2011 when Croatia was not a member of the EU. The aim of this paper is, based on the analysis of basic macroeconomic and trade indicators, to determine the status of trade performance of economies of EU Member States, focusing on value of GDP, merchandise and commercial service exports and current account balance. Based on the results of the analysis we conclude that Germany is trade leader while all new members (those joining the EU in 2004) with some of old members are laggards when concerning trade performance.