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Joined 3 months ago
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Cake day: October 22nd, 2024

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  • You’re approaching this from a “who do I like” angle.

    Another approach is the “what’s being traded angle”. Right now EU imports mostly LNG from the US (“The EU had trade deficits in energy (€70 billion) and raw materials (€6 billion) and other goods (€2 billion).” (1). Norway is already exporting at max, EU does not want to exploit natural gas resources domestically, so that leaves only the golf states.

    Export is mostly divided between vehicles, chemicals, machinery (“In 2023, the EU had trade surpluses in machinery & vehicles (€102 billion), chemicals (€58 billion), other manufactured goods (€55 billion)”).

    So markets that can afford luxury german cars, canada, china, australia. But they’d have to compete with chinese cars. Basic chemicals are easier to sell elsewhere.