• Increased imports of chemicals and related products reflect a shift toward outsourcing of pharmaceuticals to U.S.- and foreign-owned facilities in the EU.

• Strong U.S. consumer demand for German- and UK-made vehicles led to an increase in imports of motor vehicles from the EU.

• Intracompany sales to U.S. pharmaceutical multinational operations in the Netherlands and Germany contributed to a rise in exports.

• U.S. trade deficit: Increased by $12.9 billion (14 percent) to $104.1 billion

• U.S. exports: Increased by $5.6 billion (4 percent) to $138.1 billion

• U.S. imports: Increased by $18.5 billion (8 percent) to $242.2 billion

USITC PUBLICATIONS

International Economic Review

The Euro-Mediterranean Partnership

OTHER GOVERNMENT RESOURCES

U.S. Department of Commerce, International Trade Administration

Office of European Union and Regional Affairs

U.S. Department of Energy, Energy Information Administration

Country Analysis Briefs - Europe

U.S. Department of State

Bureau of European and Eurasian Affairs

Europa, Gateway to the European Union

Economic and Financial Affairs

External Trade

USTR

2004 National Trade Estimate Report on Foreign Trade Barriers