Europe Imports
With growing tourism and an aggravated demand from the local population, especially after the formation of the EU, Europe imports have seen a surge in demand. There are many products, mostly from food and agricultural industries, which are in demand by European nations.
France, Netherlands, Italy, Spain, Turkey, the UK and Germany, along with other important states of Europe, have been in constant demand of finished and raw products from all corners of the world. These countries seek Oil and energy from the US and the Middle-East, while they rely on South-East Asian countries for timber, wood and agri-based supplies. China is a huge supplier of finished electronics products, with most of these coming from the state of Taiwan and the Indian IT industry is also turning its heads towards Europe for sustained growth.
Almost all major developing countries like Brazil (which exports coffee to many parts of Europe), China and India have started aiming for a better share in the Europe imports pie. This trend has especially picked up since the current global crisis, after which companies dealing with clients in the US and Japan, have started moving towards Europe for sustained growth and better rates on investment.
Turkey has been seeking hosiery items and raw materials from India and China. Europe imports consist of agri-products and fisheries; from cotton and shrimps to wood supplies, the better part of Europe imports revolve around these items. Companies in Europe seeking such raw materials are heading towards India and China, primarily because of the low cost of raw materials being offered by private and governmental companies in these countries.
Exporting products to Europe is not that easy and since most of these are processed foods or food based items, these exports have to clear strict quality checks before being allowed into Europe. Recently some chocolate bars and products such as GM soy food were banned in Europe, owing to strict regulations put in place by the authorities there. So before you plan to export your product to Europe, make sure that it complies with their quality standards, else you might have a reversal of orders, and may even face fines from the regulatory authorities.
This post was written by admin on December 2008
Loading ...
China’s exports represent a high percent of the europe imports. And some even say that the european economy rely on this important country.
You have mentioned some interesting facts about europe, thank you for sharing.
Europe imports are in a high number, but this continent also has a lot of exports. Let’s think about the automotive industry, for instance. The German cars are very popular abroad and not only. Italian cars too.
Of course Europe has lots of imports and exports. That’s why european economy is one of the strongest economies in the world. Maybe it will even become the strongest one day.
Interesting facts about Europe around here.
Ben, european economy is not strong because of the europe imports, but because of the exports. It exports a wide range of products.
Yes, europe imports a lot. But as already mentioned, europe also exports. Beside foodstuff and drinks, machines, tools and automotives etc are also widely-exported.
In my opinion, China is going to become the most powerful economy in the world. Most of europe imports are represented by Chinese products. And european economy also may rely on them.
Good thing you mentioned these facts about Europe; europe imports a lot, but it also has important exeports.
For example, Europe is one of the biggest exporters of products made from natural stone!
Nice article !
China and the other BRIC countries continue to dominate the world trade scenerio as suppliers today but would be a pool of largest consumer in the next decade.
Ricky
could anyone answer: what are the top 10 products imported by EU?
Machinery, Motor vehicles, Aircraft, Plastics, Pharmaceuticals and other chemicals, Fuels, Iron and steel, Nonferrous metals, Wood pulp and paper products, Textiles, Meat, Dairy products
Fish, Alcoholic beverages
This is what Europe exports
It sounds like Europe has some high standards for receiving goods from other countries. I guess though that you can never be too cautious. Is this just for food related items I wonder? Or are they that serious for the other items such as the electronics and the timber?
Theoretisch eine positive Geschichte, ich bin mir nur unsicher, ob das auch langfristig realistisch umsetzbar sein wird!