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Data Starter: Global trade dominance, USA vs EU 2000-2024

Elizabeth Veal

13th May 2025

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Is the USA or the EU more dominant in global trade?

  1. Using this VisualCapital infographic showing maps in 2000 and 2024 and the information on them, calculate net exports of goods for both the USA and EU in both 2000 and 2024.
  2. Calculate the percentage change in both the USA and EU total goods trade between 2000 and 2024. Do your calculations to 2 decimal places.

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Elizabeth Veal

Liz has taught Economics for over 25 years, including several years as Head of Economics at leading schools.