International manufactured trade: A sectoral analysis for European union countries

Abstract

European countries, which have many common policies and goals, are also having some disparities in their economic performance due to the existence of underlying country-specific reasons. The manufacturing sector is the key sector that promotes growth and increases the well-being of society. Thus, it is important to understand how these countries differ in engaging in industrial activities. Focusing on the manufacturing sectors of these economies, we aim to see the disparities between European Union (EU) countries in terms of their composition of manufacturing trade and the countries they are trading with. This chapter outlines some key stylized facts regarding trade over the past two decades by investigating the manufacturing data for EU countries. © 2023 Yasemin Ozerkek and Fatma Didin Sonmez.