Trade
Trade is key to the promotion of prosperity, progress and stability in the Mediterranean region. The importance of trade as a channel for economic growth is reflected in agreements between Med countries such as the Euro-Mediterranean Free Trade Area and the Agadir agreement in the North Africa region aiming to further liberalise trade in goods and services, lower barriers, and promote trade integration.
In this series of infographics, we explore key trade indicators in the region, including trade openness, intra-Med trade trends, bilateral relationships between Med countries and the world, and streams of imports and exports in key products and services.
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Trade openness in the Mediterranean region
Smaller Mediterranean economies rely the most on international trade
Trade balance in the Med region
Malta and Slovenia had the largest trade surplus while Montenegro and Palestinian territories had the largest trade deficit in 2017
Intra-Med trade
There is substantial scope for expansion in intra-Med trade ties in the future
Intra-Med trade per capita in 2017
Intra-Med trade is highest in Slovenia and Malta
Top export by value
Petroleum oil is top export of North African and small Southern EU countries in the Med
Top import by value
Oil products are in the top of the import list for nearly 3 out of 4 Mediterranean countries
