Goods imported and exported by the EU can be invoiced in a range of currencies. In 2022, the US dollar was the most used currency for extra-EU imports with a share of half (50%) of all extra-EU imports, while the euro accounted for 42%.
For imports, the share of the dollar increased by 1 percentage point (pp) between 2020 and 2022, while the share of the euro increased by 3 pp. The leading position of the US dollar for imports of goods is partly driven by large imports of oil, which are traditionally traded in US dollars.
For the combined exports of the EU countries, the euro was the leading currency accounting for almost half (49%) of all extra-EU exports, while the US dollar accounted for under a third (32%). The share of both the euro and the dollar increased by 2 pp between 2020 and 2022.
Source: ec.europa.eu