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 largest trading partner in January: Eurostat

March 19, 2021


Abstract : China maintained its position as the European Union (EU)'s largest trading partner as of January, according to data published by Eurostat, the EU's statistical office, on Thursday.

Aerial photo taken on Aug. 17, 2020 shows the container dock of Yangshan Port in Shanghai, east China. (Xinhua/Ding Ting)

In the first month of 2021, the EU exported goods to the value of 16.1 billion euros (about 19.2 billion U.S. dollars) to China, up by 6.6 percent year-on-year, while the imports from China declined by 3.8 percent to 33.3 billion euros.

BRUSSELS, March 18 (Xinhua) -- China maintained its position as the European Union (EU)'s largest trading partner as of January, according to data published by Eurostat, the EU's statistical office, on Thursday.

In the first month of 2021, the EU exported goods to the value of 16.1 billion euros (about 19.2 billion U.S. dollars) to China, up by 6.6 percent year-on-year, while the imports from China declined by 3.8 percent to 33.3 billion euros.

Since July 2020, China has been the bloc's top trading partner, a position previously held by the U.S., according to the EU's statistical body.

A total of goods worth 28.2 billion euros were exported from the EU to the U.S. in January, 9.6 percent less than in the same period of last year. More notably, the goods imports from the U.S. shrank by 26.3 percent year-on-year, according to Eurostat.

Britain, the former EU member state, saw a remarkable slump in trade with the EU in January, as it formally broke up with the bloc after a transition period, thus the trade in goods between them is now subject to customs.

According to Eurostat, EU exports to and imports from Britain in January dropped by 27.4 percent and 59.5 percent respectively. Nevertheless, Britain remained the EU's third-largest trading partner, following China and the U.S.

The EU recorded an 8.4-billion-euro surplus in trade in goods with the rest of the world in January, although exports and imports were down by 10.8 percent and 16.9 percent year-on-year respectively. (1 euro = 1.19 U.S. dollars)

File photo taken on May 17, 2018 shows a container dock of Yangshan Port in Shanghai, east China. (Xinhua/Fang Zhe)■

Scan the QR code and push it to your mobile phone

Keyword: China-EU trade

Reading:

China's Hainan to launch Haikou-Paris air freight route

Economic Watch: China's new development blueprint heralds opening-up at higher level

China's Shanghai secures 3rd place among global financial centers

​Many Chinese regions release 5G network building target for 2021

​JOMOO gears 5G smart factory for upgraded China-made intelligence and quality

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