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Euro was the most used currency for EU exports and US dollars for EU imports in 2018

Euro was the most used currency for EU exports and US dollars for EU imports in 2018

1 min read

The FINANCIAL -- Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade (exports plus imports) the US dollar (45%) was used slightly more often than the euro (41%).…

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Euro was the most used currency for EU exports and US dollars for EU imports in 2018

1 min read

The FINANCIAL -- Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars.…