Telecom equipment is China’s #1 export to the EU. Impact of the COVID-19 on EU trade with China. This is even more important in a globalised world in which economies tend to cluster together in regional groups. For more information, you can read the Statistics Explained article on China-EU – international trade in goods statistics. These are published by the statistical office of the EU (Eurostat) and by international organisations such as the World Bank, the International Monetary Fund (IMF), the United Nations (UN) and the World Trade Organization (WTO). Imports to China were lowest in 2009 (89) and highest in 2018 (189). In April 2020, decreasing levels of trade were observed for imports from all 5 main trade partners of the EU, with the exception of China (+12% compared with January 2020). Measures taken by EU Member States to prevent the spread of the COVID-19 pandemic, which began in mid-March, were in full force during April 2020. The EU's trade in goods with China in … The three largest importers from China in the EU were the Netherlands (EUR 88 414 million), Germany (EUR 76 772 million) and Italy (EUR 31 665 million). European Commission Directorate-General for Trade 08-05-2020 3 Units A4 / G2 European Union, Trade with China Total goods: EU Trade flows and balance, annual data 2009 - 2019 Source Eurostat Comext - Statistical regime 4 Total goods: EU Trade flows and balance Source Eurostat Comext - Statistical regime 4 Period Imports Exports Balance Total trade 3 11.8 3 12.4. This article provides a picture of the international trade in goods between the European Union (EU) and China. 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. Trade values are expressed in millions or billions (109) of euros. US exports to the EU: €256.2 bn ; China exports to the EU: €375 bn; EU exports to the US: €375.5 bn; EU exports to China: €198 bn; Cars are the EU’s #1 export to China. Both exports to and imports from China increased between 2009 and 2019. The United Kingdom left the European Union on 31 January 2020. China is the EU’s second largest trading partner. For the calculation of shares, the world trade is defined as the sum of EU trade with non-EU countries (source: Eurostat) plus the international trade of non-EU countries (source: UNCTAD). Eurostat cited a 4.5 percent increase in Chinese exports to the EU, while US exports to the EU fell. Trade balance of the European Union with China 2009-2019 Value of EU imports from China 2019, by commodity Total value of U.S. trade in goods with China 2009-2019 The openness of the EU’s trade regime has meant that the EU is the biggest player on the global trading scene and remains a good region to do business with. For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations. The EU, the United States and China accounted for 43 % of world trade in goods in 2019. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. In practice this means that the goods imported by the EU-27 from the United Kingdom were physically transported from the United Kingdom but part of these goods could have been of other origin than the United Kingdom. the sum of exports and imports) and China (€605 bn, or 15.4%) Over the first nine months of 2020, trade between the EU and China totalled 425.5 billion euros ($514 billion), while trade between the EU and the United States came in at 412.5 billion euros, according to Eurostat data. The EU's trade in goods with China in the first ten months stood around 477.7 billion euros ($582.8 billion), an increase of 2.2 percent compared with the same period of 2019, according to Eurostat. The most traded product group in 2019 at this level was telecommunications equipment. A full description is available from Eurostat’s classification server RAMON. The EU's trade in goods with China in the first ten months stood around 477.7 billion euros ($582.8 billion), an increase of 2.2 percent compared with the same period of 2019, according to Eurostat. In practice this means that the goods imported by the EU from the UK were physically transported from the UK, but part of these goods could have been of other origin than the UK. In 2019, China was the third largest partner for EU exports of goods (9 %). In the first seven months of 2020, China became the top trading partner of the European Union (EU), a position previously held by the United States, said Eurostat on Wednesday. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. The trade deficit remained throughout the whole period, reaching EUR 163 billion in 2019. In 2019, China was the third largest partner for EU exports of goods (9 %) and the largest partner for EU imports of goods (19 %). In March 2020, EU’s trade with China fell further to €41.9 billion, while in April 2020 it bounced back above its January 2020 level to €49.0 billion. 4 5.2 4 4.7. Among EU Member States, the Netherlands was the largest importer of goods from China and Germany was the largest exporter of goods to China in 2019. EU's imports from China increased by 4.9 percent in the January-July period, compared to the same period last year, whereas its imports from the U.S. dropped by 11.7 percent. 1 17 1 17.600000000000001. Exports from the EU were lowest in 2009 (83) and highest in 2018 (145). There were 24 Member States that had a trade deficit with China. Table 1a shows the imports of goods from China by Member State. For the same period in 2019, the EU's trade with China came in at 413.4 billion euros and 461 billion euros with the US. The largest decreases in absolute terms were observed for imports of footwear (-€254 million, -52%), telecommunications equipment (-€232 million, -6%) and baby carriages, toys, games and sporting goods (-€225 million, -28%). More detail about the goods exchanged between the EU and China is given in Figure 7, showing the 20 most traded goods at SITC-3 level. The most exported manufactured goods were machinery & vehicles (55 %), followed by other manufactured products (18 %) and chemicals (14 %). EU exports to … Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). The largest surplus was held by Germany (EUR 19 511 million), followed by Ireland (EUR 5 061 million) and Finland (EUR 1 252 million). The EU is China’s biggest trading partner. to the amount which would be invoiced in the event of sale or purchase at the national border of the reporting country. During the period 2009 to 2019, the EU had a trade in goods deficit (meaning larger imports than exports) with China, which varied between €104 billion and €164 billion. Latest monthly trade figures for EU and Euro area with Extra-EU In 2019, EU exports of manufactured goods (87 %) had a higher share than primary goods (12 %). The red shades denote the primary products: food & drink, raw materials and energy, while the blue shades show the manufactured goods: chemicals, machinery & vehicles and other manufactured goods. 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. Looking at imports of the most traded goods to the EU from China, the highest increases in April 2020 compared with the same month last year were recorded for automatic data processing machines (+€884 million, +33%), articles of apparel of textile fabrics (+€129 million, +36%) and electronic tubes, valves and related articles (+€92 million, +12%). It was followed by the United States (12 %), the United Kingdom (10 %), Russia (7 %) and Switzerland (6 %). China (EUR 2 107 billion, 16 %) was the largest exporter in the world, followed by the EU-27 (EUR 2 060 billion, 15 %), the United States (EUR 1 412 billion, 10 %), Japan (EUR 626 billion, 5 %) and South Korea (EUR 513 billion, 4 %). International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process. Related News. The EU and China trade over €1 billion daily. China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. In 2019 the trade deficit stood at €164 billion. EU-27 - China international trade in goods statistics - graphs and tables, Standard international trade classification (SITC), Full access to detailed statistics on international trade in goods (Comext), International trade in goods statistics - background, User guide on European statistics on international trade in goods, https://ec.europa.eu/eurostat/statistics-explained/index.php?title=China-EU_-_international_trade_in_goods_statistics&oldid=483742. The EU's trade with China hit a 10-year high last year. Four products were between 50 % and 200 %, showing more balanced trade. This is known as ‘special trade’. The three largest exporters to China in the EU were Germany (EUR 96 283 million), France (EUR 20 959 million) and the Netherlands (EUR 13 906 million). In 2019, the EU had trade surpluses in chemicals (EUR 8 billion), food & drink (EUR 8 billion), raw materials (EUR 7 billion), other products (EUR 1 billion) and energy (EUR 1 billion). Early 2020 data already show significant impacts from these restrictions on international trade in goods. Figure 1 shows the world's largest traders fo goods. The latest data from Eurostat shows China has become the EU's largest trade partner for the first time, surpassing the US by 5.2 billion euro ($6.16 billion). 2 15.6 2 14.8. BRUSSELS, Dec. 16 (Xinhua) -- China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. Note: The European Union (EU) includes 27 Member States. The partner is the country of final destination of the goods for exports and the country of origin for imports. In 2019, EU imports of manufactured goods (97 %) also had a higher share than primary goods (2 %). Finally, other goods are shown in green. Trade is an important indicator of Europe’s prosperity and place in the world. The position of China among the largest trade partners of the EU in 2019 can be seen in Figure 3. Exports to China hit €210 billion, up from €78 billion in 2008, while imports reached €395 billion compared with €215 a decade earlier. Further information is published here. This page was last modified on 28 May 2020, at 12:19. The largest deficit was held by the Netherlands (EUR 74 508 million), followed by Italy (EUR 18 673 million) and Spain (EUR 18 022 million). The list of these top goods was established based on 2019 data: these goods covered 55% of total trade in goods in 2019. To contact us, please visit our User Support page. The EU's trade in goods with China in the first 10 months stood around US$582.8b, an increase of 2.2% compared with the same period of 2019, Eurostat said. The EU's trade in goods with China in the first 10months stood around 477.7 billion euros (US$582.8 billion), an increase of 2.2 per cent compared with the same period of 2019, according to Eurostat. Twelve belonged to machinery and vehicles, seven to other manufactured products and one to chemicals. Extra-EU trade balance 23.5 28.1 151.4 162.2 Intra-EU trade 279.3 266.6 -4.5% 2 580.4 2 334.4 -9.5% Source dataset: ext_st_eu27_2020sitc The degree to which the year-on-year development of exports and imports was affected depended however on the type of products. Among EU Member States, the Netherlands was the largest importer of goods from China and Germany was the largest exporter of goods to China in 2019. They correspond to the statistical value, i.e. Table 1b shows the exports of goods to China by Member State. 46.21593647874321 46.222989432868332. Data are collected by the competent national authorities of the Member States and compiled according to a harmonised methodology established by EU regulations before transmission to Eurostat. Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe. Source dataset: ext_st_eu27_2019sitc and DS-018995 In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it. china.org.cn - China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. The EU had a 153 billion euro ($180.3 billion) surplus with the U.S. (meaning it exports more to the U.S. than it imports) in 2019, according to data from Eurostat. Eurostat said on Wednesday that the EU's trade in goods with China in the first ten months stood around 477.7 billion euros, an increase of 2.2 percent compared with the same period in 2019. Germany (15.2 %) had the highest share for China in its extra-EU exports. Try the new automatic translation by clicking on the blue icon “Translate” up in the right corner of the article! VOV VOVworld China US trade EU. In October 2020 compared with September 2020, seasonally adjusted production in the construction sector increased by 0.5% in the euro area and by 0.9% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. The EU's trade in goods with China in the … Therefore the United Kingdom is considered as an extra-EU partner country for the EU-27. Impact on the most traded goods between the EU and China. The EU’s seasonally adjusted trade (imports + exports) with China fell from â‚¬46.5 billion in January 2020 to â‚¬43.1 billion in February 2020. EU Member States speak and negotiate collectively, both in the World Trade Organization, where the rules of international trade are agreed and enforced, and with individual trading partners. Consequently, while imports from any other extra-EU trade partner are grouped by country of origin, the UK data reflect country of consignment. Trends in EU’s trade with its 5 main trade partners vary. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. BRUSSELS, Dec. 16 (Xinhua) -- China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. The largest decreases in exports in absolute terms were observed for motor cars and motor vehicles (-€1 285 million, -71%) as well as for aircraft and associated equipment (-€840 million, -89%). As a consequence, while imports from any other extra-EU-27 trade partner are grouped by country of origin, the United Kingdom data reflect country of consignment. This increase was mainly led by a sharp increase in imports from China (+€3.5 billion and +€6.8 billion compared with January and March 2020 respectively), and was largely due to an increase in imports of specific made-up textile articles such as textile face masks, surgical masks disposable face masks and single use drapes. The imports and exports of goods of the EU and China indexed at 100 in 2008 for the period to 2018 are shown in Figure 2. Exports from China were lowest in 2009 (84) and highest in 2018 (174). Eleven products were below 50 %, indicating EU imports from China were at least twice as large as EU exports to China. Meanwhile, the trade of goods with the United States in January-October dropped to 460.7 billion euros, down by 11.2 percent year on year. Information on commodities exported and imported is presented according to the Standard international trade classification (SITC).