Europe was the U.S.' second-largest customer in 1993, taking 31% of U.S. exports of goods and services exports (exceeded only by Asia with 33%).
Europe was the U.S.' second-largest supplier in 1993, providing 29% of U.S. imports of goods and services, (exceeded only by Asia with 41%).
Europe provides the U.S. with relatively
balanced trade, with a $7 billion U.S. merchandise trade deficit in 1993 (compared to $115 billion
About 50% of U.S. direct investment abroad is in Europe, and over 60% of foreign direct investment in the U.S. is from Europe.
Nearly 3 million Americans are employed in the U.S. by European-owned firms, and 1.5 million American workers are supported by U.S. exports to Europe.