eurostat eu china trade


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. 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. Four products were between 50 % and 200 %, showing more balanced trade. Trends in EU’s trade with its 5 main trade partners vary. Exports to China hit €210 billion, up from €78 billion in 2008, while imports reached €395 billion compared with €215 a decade earlier. This article provides a picture of the international trade in goods between the European Union (EU) and China. 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. Impact of the COVID-19 on EU trade with China. 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%). Figure 6 shows the evolution of EU imports and exports by SITC group since 2009. China was the largest exporter and the third largest importer in the world in 2018. 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 dataset: ext_st_eu27_2019sitc and DS-018995 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%). The United Kingdom left the European Union on 31 January 2020. As COVID-19 was first identified in the Chinese city of Wuhan, China already brought in its first restrictive measures in mid-January 2020. 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. 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. 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. Finally, other goods are shown in green. Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. 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. Table 1b shows the exports of goods to China by Member State. Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). The most imported manufactured goods were machinery & vehicles (54 %), followed by other manufactured products (37 %) and chemicals (5 %). For press queries, please contact our Media Support. Note: The European Union (EU) includes 27 Member States. Germany (15.2 %) had the highest share for China in its extra-EU exports. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. Further information is published here. They correspond to the statistical value, i.e. The breakdown of EU trade with China by SITC groups is shown in Figure 5. The position of China among the largest trade partners of the EU in 2019 can be seen in Figure 3. In 2019, China was the third largest partner for EU exports of goods (9 %). For more information, you can read the Statistics Explained article on China-EU – international trade in goods statistics. 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. 3 11.8 3 12.4. It was followed by the United States (12 %), the United Kingdom (10 %), Russia (7 %) and Switzerland (6 %). There is hardly any EU -China trade in services, and the value added of Chinese exports and competition on third markets is increasing. the sum of exports and imports) and China (€605 bn, or 15.4%) 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. 1 17 1 17.600000000000001. 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). 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. 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. China remained the European Union (EU)'s top trading partner as of October, said Eurostat on Wednesday. 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. 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. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. The EU-27 data reflect the political change in the EU composition. The trade deficit remained throughout the whole period, reaching EUR 163 billion in 2019. 16/12/2020 Production in construction up by 0.5% in euro area and by 0.9% in EU. 5 4.1840635212567836 5 4.2770105671316649. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. These ratios can be found in the right-hand margin of Figure 7. China is the EU’s second largest trading partner. BRUSSELS - 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. The partner is the country of final destination of the goods for exports and the country of origin for imports. 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. Table 1a shows the imports of goods from China by Member State. In 2019, China was the third largest partner for EU exports of goods (9 %) and the largest partner for EU imports of goods (19 %). Luxembourg (42.7 %) had the highest share for China in its extra-EU imports. 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. 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. 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. Tag. 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). 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). It is called a FOB value (free on board) for exports and a CIF value (cost, insurance, freight) for imports. Both exports to and imports from China increased between 2009 and 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. The most traded product group in 2019 at this level was telecommunications equipment. The list of these top goods was established based on 2019 data: these goods covered 55% of total trade in goods 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. Smart and Secure Trade Lanes (SSTL) project 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 EU's trade in goods with China in the … In 2019, EU imports of manufactured goods (97 %) also had a higher share than primary goods (2 %). The EU is China’s biggest trading partner. Both exports to and imports from China increased between 2009 and 2019. 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. 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). Twelve belonged to machinery and vehicles, seven to other manufactured products and one to chemicals. 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. 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.). Imports to China were lowest in 2009 (89) and highest in 2018 (189). 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. These top 20 goods covered 55 % of total trade in goods in 2019. 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 There were 24 Member States that had a trade deficit with China. COMEXT is the reference database for international trade in goods. 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. 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. 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. BRUSSELS, Dec. 16 (Xinhua) -- 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. Information on commodities exported and imported is presented according to the Standard international trade classification (SITC). EU data is taken from Eurostat's COMEXT database. This is known as ‘special trade’. The EU's trade in goods with China in … The trade in goods balance between the EU Member States and China is shown in Table 1c. The most exported manufactured goods were machinery & vehicles (55 %), followed by other manufactured products (18 %) and chemicals (14 %). Trade is an important indicator of Europe’s prosperity and place in the world. 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 … EU exports to … Twelve products belong to machinery and vehicles, seven to other manufactured products and one to chemicals. 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. This page has been accessed 56,596 times. As background to the summit, here are some summary statistics on trade in goods, services and foreign direct investment. VOV VOVworld China US trade EU. Impact on the most traded goods between the EU and China. 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. 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. 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 EU had trade deficits in machinery & vehicles (EUR 88 billion) and other manufactured products (EUR 100 billion). 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. 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 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). 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. 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 largest deficit was held by the Netherlands (EUR 74 508 million), followed by Italy (EUR 18 673 million) and Spain (EUR 18 022 million). 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 EU, the United States and China accounted for 43 % of world trade in goods in 2019. International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process. to the amount which would be invoiced in the event of sale or purchase at the national border of the reporting country. 2 15.6 2 14.8. 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’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%). 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. 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. Consequently, while imports from any other extra-EU trade partner are grouped by country of origin, the UK data reflect country of consignment. It shows that three Member States had a trade surplus with China. 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. 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 %). Related News. 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. 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. Trade values are expressed in millions or billions (109) of euros. 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. The cover ratio for China was lowest in 2011 (109 %) and highest in 2015 (135 %) and was 116 % in 2018. Figure 1 shows the world's largest traders fo goods. Five products were above 200 %, indicating EU exports to China were at least twice as large as EU imports from China.

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