In 2023, domestic production accounted for €33 715 billion (91.5% of the total supply of goods and services in the EU), while imports contributed €3 147 billion (8.5%). This was an increase in domestic production of €1 259 billion (from €32 455 billion, 90.3% of total supply) compared with 2022, while imports fell by €330 billion (from €3 477 billion, 9.7%).
The data suggest that the spike in energy prices led to a higher share of imports in 2022. In 2023, however, the EU’s import and domestic production shares returned to their 2021 levels, reflecting a return to levels before the energy crisis.
The highest import dependency ratio was recorded for the industrial products, with a 15.4% share of imports (€1 829 billion in imports value and €10 034 billion in domestic production) in 2023.
This information comes from supply, use, and input-output tables for the EU, published by Eurostat today. This article presents a handful of findings from the more detailed Statistics Explained article on supply and use tables for the European Union and the euro area. (....)