For another, exports to the euro area are of relatively minor importance for most regions outside Europe. Last year, euro-area countries imported goods worth $ 2,340 from outside the euro area, which corresponds to just under one-fifth of the euro area’s gross domestic product (GDP). In the first half of 2012, imports from non-euro-area countries fell by 4 %.
Looking at the situation the other way round, exports to the euro area account for just 4 % of the rest of the world’s GDP. If the emerging and developing countries are combined into a single group, the figure is somewhat higher, at 5 %.