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China remains EU’s top trading partner: Eurostat

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)

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China remains EU’s top trading partner: Eurostat

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