In detail, SMEs account for 51% of intra-EU imports and 45% of intra-EU exports.

EU trade – comprising extra-EU imports and exports, and intra-EU exchanges – has increased steadily over the past five years.

Intra-EU exports would increase by around €1 billion.

Prior to the adoption of the current system, reported intra-EU imports (c.i.f.) closely matched reported intra-EU exports (f.o.b.).

Intra-EU exports would increase by around €1 billion.

EU trade – comprising extra-EU imports and exports, and intra-EU exchanges – has increased steadily over the past five years.

In detail, SMEs account for 51% of intra-EU imports and 45% of intra-EU exports.

Given the significance of this inconsistency, the Secretariat has used intra-EU export data to adjust for the under-reporting of intra-EU imports.

To compensate for this under-recording, intra-EU (27) exports have been used to obtain total (World) imports.

for this under-recording, intra-EU (27) exports have been used to obtain total (World) imports ...

EU (27) exports have been used to obtain total (World) imports.

From 1993, however, the reported value of intra-EU imports has been on average around 6.5 per cent below the value of intra-EU exports, indicating a substantial under-reporting of intra-EU imports.

Some studies expect a modest reduction, while one study estimates intra-EU exports to decline by 30%.