World News | EU's Imports in High-tech Products Worth Euro 482 Billion, Exports at Euro 446 Billion

Brussels [Belgium], May 14 (ANI/WAM): In 2022, the EU imported Euro 482 billion worth of high-tech products from extra-EU countries (+22 per cent compared with 2021), according to an estimate published by Eurostat, the statistical office of the European Union. Exports to these countries reached Euro 446 billion (+16 per cent compared with 2021).

In 2022, over half of the EU's high-tech imports from non-EU countries came from China (38 per cent; Euro 183 billion) and the United States (19 per cent; Euro91 billion), with other top partners being Switzerland (six per cent; Euro 30 billion), Taiwan (five per cent; Euro 23 billion) and the United Kingdom and Vietnam (each four per cent; EUR20 and EUR18 billion, respectively).

Also Read | Cyclone Mocha: Severe Cyclonic Storm To Make Landfall Along Myanmar-Bangladesh Coast Today, Says IMD.

The most significant category of high-tech products imported from non-EU countries was electronics-telecommunications (Euro 202 billion).

For three of the top six high-tech import partners, the largest imported category was electronics-telecommunications: Vietnam (74 per cent of high-tech imports from Vietnam; Euro 13 billion), Taiwan (69 per cent; Euro 16 billion) and China (55 per cent; Euro 101 billion).

Also Read | Earthquake in Afghanistan: Quake of Magnitude 4.3 on Richter Scale Strikes Kabul, No Casualty Reported.

For Switzerland, the largest category was pharmacy (68 per cent of high-tech imports from Switzerland; Euro 20 billion). For the United States (35 per cent; Euro 32 billion) and the United Kingdom (28 per cent; Euro 6 billion), it was aerospace.

For high-tech exports to non-EU countries, the United States was the top trading partner in 2022 (26 per cent; Euro 118 billion), with China second (12 per cent; Euro 53 billion). These countries were followed by the United Kingdom (9%; EUR42 billion), Switzerland (six per cent; Euro 28 billion), Japan (four per cent; Euro19 billion) and Turkiye (three per cent; Euro 12 billion).

The most significant category of high-tech products exported to non-EU countries was pharmacy (Euro 145 billion).

Pharmacy was the largest exported category for three of the top six high-tech export partners: Japan (56 per cent of high-tech exports to Japan; Euro 11 billion), Switzerland (50 per cent; Euro 14 billion) and the United States (49 per cent; Euro 57 billion).

The largest category for China (38 per cent of high-tech exports to China; Euro 20 billion) and the United Kingdom (24 per cent; Euro 10 billion) was electronics-telecommunication. For Turkiye, it was aerospace (38 per cent; Euro 5 billion). (ANI/WAM)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)