The EU had trade deficits in machinery & vehicles (EUR 88 billion) and other manufactured products (EUR 100 billion). Consequently, while imports from any other extra-EU trade partner are grouped by country of origin, the UK data reflect country of consignment. 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. Eurostat cited a 4.5 percent increase in Chinese exports to the EU, while US exports to the EU fell. Further information is published here. The most recently available statistics have been included but databases are updated daily and small discrepancies are inevitable. 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. 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. Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). Eleven products were below 50 %, indicating EU imports from China were at least twice as large as EU exports to China. 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. Table 1b shows the exports of goods to China by Member State. EU exports to … 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. 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). 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%). 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 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 seasonally adjusted trade (imports + exports) with China fell from €46.5 billion in January 2020 to €43.1 billion in February 2020. 5 4.1840635212567836 5 4.2770105671316649. There is hardly any EU -China trade in services, and the value added of Chinese exports and competition on third markets is increasing. Trade is an important indicator of Europe’s prosperity and place in the world. Trade values are expressed in millions or billions (109) of euros. 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). Trade continues to be the least problematic aspect of the EU-China economic relationship, although challenges need to be dealt with in a number of areas. 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. It was preceded by the United States (18 %) and the United Kingdom (15 %) and followed by Switzerland (7 %) and Russia (4 %).It was the largest partner for EU imports of goods (19 %). 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). 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. Luxembourg (42.7 %) had the highest share for China in its extra-EU imports. In 2018, the United States (€674 billion, or 17.1% of total extra-EU trade in goods, i.e. 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. Four products were between 50 % and 200 %, showing more balanced trade. For the same period in 2019, EU trade with China was 341 billion euros, 120 billion less than with the US. 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). Latest monthly trade figures for EU and Euro area with Extra-EU They correspond to the statistical value, i.e. Both exports to and imports from China increased between 2009 and 2019. Figure 1 shows the world's largest traders fo goods. Both exports to and imports from China increased between 2009 and 2019. The cover ratio for China was lowest in 2011 (109 %) and highest in 2015 (135 %) and was 116 % in 2018. Therefore the United Kingdom is considered as an extra-EU partner country for the EU-27. This common policy enables them to speak with one voice in trade negotiations, maximising their impact in such negotiations. It is called a FOB value (free on board) for exports and a CIF value (cost, insurance, freight) for imports. Imports to China were lowest in 2009 (89) and highest in 2018 (189). As background to the summit, here are some summary statistics on trade in goods, services and foreign direct investment. These top 20 goods covered 55 % of total trade in goods in 2019. In 2019 the trade deficit stood at €164 billion. The most traded product group in 2019 at this level was telecommunications equipment. The most exported manufactured goods were machinery & vehicles (55 %), followed by other manufactured products (18 %) and chemicals (14 %). Exports from the EU were lowest in 2009 (83) and highest in 2018 (145). Smart and Secure Trade Lanes (SSTL) project Information on commodities exported and imported is presented according to the Standard international trade classification (SITC). from China According to Eurostat data, in 2012 Chinese investments into the EU accounted for 2.6 % of total foreign direct investment flows into the EU (up from 1.0 % the year before). Bilateral trade volume between China and the EU reached 425.5 billion euros ($517.5 billion) between January and September, compared with 412.5 billion euros between the EU and the U.S. during the same period, according to Eurostat. 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. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. Statistics on extra-EU trade are calculated as the sum of trade of each of the 27 EU Member States with countries outside the EU. 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. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. EU data is taken from Eurostat's COMEXT database. 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. 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 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%). 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 China is the EU’s second largest trading partner. EU imports from China were highest in 2019 (EUR 361 billion) and lowest in 2009 (EUR 185 billion). 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. Source dataset: ext_st_eu27_2019sitc and DS-018995 The EU, the United States and China accounted for 43 % of world trade in goods in 2019. 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. 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. Note: The European Union (EU) includes 27 Member States. Another interesting way to look at the data is to investigate the cover ratio (exports / imports) of traded goods, showing the direction of the trade flows between the two economies. 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. EU-China trade in goods: €185 billion deficit in 2018 09/04/2019 Today a European Union (EU) - China summit takes place in Brussels and discussions on trade and investment are among the main items on the agenda. The partner is the country of final destination of the goods for exports and the country of origin for imports. the sum of exports and imports) and China (€605 bn, or 15.4%) The position of China among the largest trade partners of the EU in 2019 can be seen in Figure 3. 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. 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. In 2019, EU imports of manufactured goods (97 %) also had a higher share than primary goods (2 %). The EU-27 data reflect the political change in the EU composition. 1 17 1 17.600000000000001. Impact on the most traded goods between the EU and China. 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. The EU and China trade over €1 billion daily. 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. Tag. BRUSSELS, Dec. 16 (Xinhua) -- China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process. For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations. The EU is China’s biggest trading partner. EU exports to China were highest in 2019 (EUR 198 billion) and lowest in 2009 (EUR 77 billion). COMEXT is the reference database for international trade in goods. To contact us, please visit our User Support page. China was the largest exporter and the third largest importer in the world in 2018. 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. Try the new automatic translation by clicking on the blue icon “Translate” up in the right corner of the article! Trends in EU’s trade with its 5 main trade partners vary. In 2019, China was the third largest partner for EU exports of goods (9 %) and the largest partner for EU imports of goods (19 %). The largest surplus was held by Germany (EUR 19 511 million), followed by Ireland (EUR 5 061 million) and Finland (EUR 1 252 million). China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. Early 2020 data already show significant impacts from these restrictions on international trade in goods. china.org.cn - China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. 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). to the amount which would be invoiced in the event of sale or purchase at the national border of the reporting country. 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. The most traded product group at this level was telecommunications equipment. Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. The breakdown of EU trade with China by SITC groups is shown in Figure 5. For press queries, please contact our Media Support. Twelve belonged to machinery and vehicles, seven to other manufactured products and one to chemicals. BRUSSELS - China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. Telecom equipment is China’s #1 export to the EU. The EU's trade with China hit a 10-year high last year. 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 … China (EUR 1 810 billion, 13 %) was the third largest importer in the world, preceded by the United States (EUR 2 214 billion, 16 %) and the EU-27 (EUR 1 908 billion, 14 %) and followed by Japan (EUR 634 billion, 5 %) and the United Kingdom (EUR 571 billion, 4 %). The trade in goods balance between the EU Member States and China is shown in Table 1c. 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. Related News. According to the EU concepts and definitions, extra-EU trade statistics (trade between EU Member States and non-EU countries) do not record exchanges involving goods in transit, placed in a customs warehouse or given temporary admission (for trade fairs, temporary exhibitions, tests, etc.). 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. Germany (15.2 %) had the highest share for China in its extra-EU exports. 2 15.6 2 14.8. This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information. This page has been accessed 56,596 times. 4 5.2 4 4.7. 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. The list of these top goods was established based on 2019 data: these goods covered 55% of total trade in goods in 2019. The EU’s exports to its 5 main trade partners also fell over this period, with the highest decrease in exports recorded with the United Kingdom (-40%), while the smallest decrease was recorded with China (-6%). Twelve products belong to machinery and vehicles, seven to other manufactured products and one to chemicals. For this reason, data on trade with the UK are not fully comparable with data on trade with other extra-EU trade partners like China. This is even more important in a globalised world in which economies tend to cluster together in regional groups. The trade deficit remained throughout the whole period, reaching EUR 163 billion in 2019. 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. A full description is available from Eurostat’s classification server RAMON. The United Kingdom left the European Union on 31 January 2020. The EU's trade in goods with China in the … According to the latest statistical information from Eurostat, the EU trade in services balance with China in 2015 present a surplus of €10.3 billion due to a surge of exports (exports reached €36 billion while imports €25.7 billion). In 2019, China was the third largest partner for EU exports of goods (9 %). The most imported manufactured goods were machinery & vehicles (54 %), followed by other manufactured products (37 %) and chemicals (5 %). This is known as ‘special trade’. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges. 46.21593647874321 46.222989432868332. These ratios can be found in the right-hand margin of Figure 7. It provides access not only to both recent and historical data from the EU Member States but also to statistics of a significant number of third countries. 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. Looking at the goods most traded between the EU and China, despite the general downturn, exports of medicaments (+€256 million, +41%), electronic tubes, valves and related articles (+€166 million, +25%) and electric power machinery and parts (+€60 million, +56%) all rose steeply in April 2020 compared with April 2019. This news item is published on the occasion of the EU - China summit, which takes place today in Brussels. Five products were above 200 %, indicating EU exports to China were at least twice as large as EU imports from China. 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). 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%). 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. In 2009, the EU had a trade deficit with China of EUR 108 billion. 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. 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. It shows that three Member States had a trade surplus with China. 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. Methodological note: The EU data reflect the political change in the EU composition, so the United Kingdom (UK) is considered as an extra -EU partner country for the EU for the entire period, although the UK was part of the internal market during this period, meaning that data on trade with the UK were based on statistical concepts applicable to trade between the EU Member States. 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). 16/12/2020 Production in construction up by 0.5% in euro area and by 0.9% in EU. 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. Table 1a shows the imports of goods from China by Member State. 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. For this reason data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU-27 trade partners. The EU trade policy is an important element of the external dimension of the ‘Europe 2020 strategy for smart, sustainable and inclusive growth’ and is one of the main pillars of the EU’s relations with the rest of the world. BRUSSELS, Dec. 16 (Xinhua) -- China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. 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). Source: Eurostat (ext_st_eu27_2019sitc) and Comext DS-018995 This article provides a picture of the international trade in goods between the European Union (EU) and China. Figure 4 shows the exports, imports and trade balance between the EU and China from 2009 to 2019. Exports from China were lowest in 2009 (84) and highest in 2018 (174). 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. 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 %). There were 24 Member States that had a trade deficit with China. Figure 6 shows the evolution of EU imports and exports by SITC group since 2009. In 2019, EU exports of manufactured goods (87 %) had a higher share than primary goods (12 %). This article provides a picture of the international trade in goods between the European Union (EU) and China. Finally, other goods are shown in green. This page was last modified on 28 May 2020, at 12:19. Exports to China hit €210 billion, up from €78 billion in 2008, while imports reached €395 billion compared with €215 a decade earlier. 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. It was followed by the United States (12 %), the United Kingdom (10 %), Russia (7 %) and Switzerland (6 %). For more information, you can read the Statistics Explained article on China-EU – international trade in goods statistics. As COVID-19 was first identified in the Chinese city of Wuhan, China already brought in its first restrictive measures in mid-January 2020. It also shows the cover ratio (exports / imports) for this period. VOV VOVworld China US trade EU. 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. Data for the non EU-27 countries used in figures 1-3 are taken from the UNCTAD database of the United Nations. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. The EU's trade in goods with China in … 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. However, the United Kingdom is still part of the internal market until the end of the transitory period, meaning that data on trade with the United Kingdom are still based on statistical concepts applicable to trade between the EU Member States. Impact of the COVID-19 on EU trade with China. 3 11.8 3 12.4.