From EU-27 imports of telecom products increased by 61% over 2000 – 2008
The total value of extra EU-27 trade in telecommunication, sound and video equipment (SITC division 76) rose by 33% over the period 2000-2008. There were minor fluctuations for exports but imports increased by 61%, peaking in 2007. The EU-27 recorded trade deficits for these products every year. China was the major world trader in these products in 2008, followed by the United States.
The four largest EU-27 exporters of telecommunication, sound and video equipment in 2008 were Germany, Sweden, Hungary and Finland, together accounting for 55% of extra EU-27 trade in that category. In 2000, Sweden was the largest exporter, but from 2001 to 2004 and 2006 to 2008, Germany was the leader.