Surpass the United States for the first time! China becomes EU's largest trading partner

According to the foreign trade data released by Eurostat on February 15, in 2020, the trade of goods between the 27 EU countries and China will grow in both directions against the trend, and China will replace the United States as the EU's largest trading partner for the first time. According to the data, in 2020, the EU will import 383.5 billion euros from China, an increase of 5.6% over the previous year, and export 2025 billion euros to China, an increase of 2.2%.

Some analysts believe that the increase of European exports to China benefits from the strong recovery of China's economy, and China's strong consumption power helps to promote the sales of European products, especially in automobiles and luxury goods; while China's exports to Europe benefit from Europe's strong demand for medical equipment and electronic products.

European Union

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