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Seas and oceans are major drivers of the European economy. The EU has the world’s largest number of commercial harbors (1.200) and largest merchant fleet. 90% of trade with non-EU countries and 40% of trade within the EU is seaborne. This sector represents roughly 5,4 million jobs and generates a gross added value of almost €500 billion a year. Today, 3 % to 5 % of the EU’s gross domestic product (GDP) comes from the maritime sector.
European shipbuilding accounts for 10 % of global production — and it is number one in the world for value of production.