BRUSSELS - 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), 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 US, according to the EU's statistical
body.
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.
Source: China Daily |
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095) |