Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Trade

China remains EU's top trading partner: Eurostat

December 17, 2020


Abstract : China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday.

Photo taken on Oct. 19, 2020 shows the Tesla China-made Model 3 vehicles which will be exported to Europe at Waigaoqiao port in Shanghai, east China. (Xinhua/Wang Xiang)

Starting from July, China became the bloc's top trading partner, a position previously held by the U.S., according to the EU's statistical body.

BRUSSELS, Dec. 16 (Xinhua) -- China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday.

The EU's trade in goods with China in the first ten months stood around 477.7 billion euros (582.8 billion U.S. dollars), an increase of 2.2 percent compared with the same period of 2019, according to Eurostat.

Meanwhile, the trade in goods with the United States in January-October dropped to 460.7 billion euros, down by 11.2 percent year on year.

Starting from July, China became the bloc's top trading partner, a position previously held by the U.S., according to the EU's statistical body.

Aerial photo shows a China-Europe freight train bound for Helsinki, Finland departing from Putian Station of Zhengzhou, central China's Henan Province, Nov. 20, 2020. (Xinhua/Hao Yuan)

The bloc's international trade sharply fell from February onwards, and reached its lowest in April, after Europe was identified by the World Health Organization as the epicenter of COVID-19 in mid-March.

The trade in goods picked up in May and stabilized in June, although still below the pre-pandemic levels.

In October, the EU exported 178.9 billion euros worth of goods, down by 10.3 percent year-on-year, and imported 150.8 billion euros, a decrease of 14.3 percent compared to October 2019. (1 euro = 1.22 U.S. dollars)

Staff members check the cargo before loading onto China-Europe freight trains at a cargo distribution center in Haicang District of Xiamen, southeast China's Fujian Province, Nov. 13, 2020. (Xinhua/Wei Peiquan)

Scan the QR code and push it to your mobile phone

Keyword: trade European Union

Reading:

China's "dual circulation" powers foreign investors' development

Interview: China's economic growth will benefit global recovery, scholar says

Auctioned transaction at Kunming flower market up 0.6 pct

Foreign trade of east China's Jiangxi up 14.9 pct in Jan-Nov

China's FDI inflow scores 8-month growth streak

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial