The euro was adopted by 12 member states on 1 January 2002 and in the three complete calendar years since that date, the relevant details are as follows: in 2002, the value of overall trade, imports and exports, to other members of the eurozone was €47.623 billion. Total trade in 2002, to all countries, amounted to €149.081 billion. Overall trade with members of the eurozone in 2002, as a percentage of total trade, therefore, was 31.9%.
In 2003, the value of overall trade, imports and exports, to other members of the eurozone was €44.531 billion. Total trade in 2003, to all countries, amounted to €129.941 billion. Overall trade with members of the eurozone in 2003, as a percentage of total trade, therefore, was 34.3%.
In 2004, the value of overall trade, imports and exports, to other members of the eurozone was €48.197 billion. Total trade in 2004, to all countries, amounted to €133.991 billion. Overall trade with members of the eurozone in 2004, as a percentage of total trade, therefore, was 36%.
Overall trade with eurozone countries increased by 1.2% between 2002 and 2004 while total trade with all countries decreased by 10.2% in the same period.