to Europe

The creation of the single market and the corresponding increase in trade and general economic activity transformed the EU into a major trading power.

The EU is trying to sustain economic growth by investing in transport, energy and research, while also seeking to minimise the environmental impact of further economic development.

Key data

Capital Brussels
Surface area 4,388 thousand sq km
Population 457,6 million (2013)
Exchange rate A$1 = 0.6565 Euros (Feb 2014)
Members Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Rep, Denmark, Estonia, Finland, France,Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands,Poland, Portugal, Romania, Slovak Rep, Slovenia, Spain, Sweden, United Kingdom
President of the European Council Mr Herman Van Rompuy
President of the European Commission Mr José Manuel Durão Barroso

 

Australian merchandise trade with the European Union (2013)

Exports to the European Union A$ 13,002 million
Imports from the European Union A$ 42,443 million
Total trade (exports + imports) A$ 55,445 million

 

Australia’s trade in services with the European Union (2013)

Exports of services to the European Union A$   9,069 million
Imports of services from the European Union A$ 14,824 million

 

Major Australian exports to the European Union (2013)

Coal A$ 2,580 million
Oil-seeds & oleaginous fruits, soft A$ 1,117 million
Gold A$    758 million
Alcoholic beverages A$    595 million

 

Major Australian imports from the European Union (2013)

Passenger motor vehicles A$ 5,191 million
Medicaments (incl. veterinary) A$ 4,819 million
Pharm products (excl. medicaments) A$ 1,485 million
Pumps (excl. liquid pumps) A$ 1,172 million

 

Australia’s investment relationship with the European Union (2013)

Australia’s investment in the European Union(Foreign Direct Investment) A$ 455,752 millionA$  73, 478 million
The European Union’s investment in Australia(Foreign Direct Investment) A$ 716,032 millionA$ 156,110 million

Sources:

www.europa.eu

Australian Department of Foreign Affairs and Trade: www.dfat.gov.au