U.S.-EU Export Interdependence: Diverging Trends Since the Global Financial Crisis

 The EU’s reliance on exports to the U.S. increased from 1.9% of GDP in 2008 to 3.0% in 2024, while the U.S. reliance on exports to the EU declined from 1.8% of GDP to 1.3% over the same period. As a result, the EU’s export dependence on the U.S. is now 131% higher than the U.S. export dependence on the EU, reflecting a growing asymmetry in trade relations.