Trade with China, the EU’s third-largest export destination and the largest import partner, has increased significantly in 2021. The COVID-19 crisis caused both exports and imports between the EU and China to slow down in the first months of 2020, but both quickly recovered over the following months.
Between 2011 and 2021, both exports to and imports from China increased. In this period, EU exports to China were highest in 2021 (€223 billion) and lowest in 2011 (€127 billion), registering an average year on year growth rate of 7%. As for imports from China, they were highest in 2021 (€472 billion) and lowest in 2013 (€239 billion). The average year on year growth rate for imports was 6% in that period, Eurostat reports.
Between 2011 and 2021, the EU continuously recorded a trade deficit with China, increasing from €129 billion in 2011 to a peak value of €249 billion in 2021.
In 2021, China was the third-largest partner for EU exports of goods (10% of extra-EU exports), trading mainly machinery and vehicles (52% of exports to China), other manufactured goods (20%) and chemicals (15%).
In 2021, China was the largest partner for EU imports of goods (22% of extra-EU imports) in the same product groups: machinery and vehicles (56% of imports from China), other manufactured goods (35%) and chemicals (7%).
See all the news
Financial Services in CAREC
#TheCheckpoints: TIWB & Georgia - Interview with Rusudan Kemularia, Head of TIWB Secretariat
Stoli® Group to Release Limited-Edition Bottle in Support of the Ukrainian People
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Aliyev replaces long-serving central bank head with loyalist
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
Business Leaders Council by USAID and Georgian Business
ვინ არის მსოფლიოში #1 სნაიპერი “Wali”?
ბინების ქირის ფასი 50%-მდე გაიზარდა
"Today we are all Ukrainians"- Zurab Pololikashvili
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI
FAQ’s and Analysis on Lari & FDI - Interview with Fady Asly
მინერალური და მტკნარი წყლის ფასები ქართულ ბაზარზე
China continues to push competitors out of the global walnut market
Moscow to Host First Meeting of Turkish & Armenian Special Envoys on Jan 14
Scientists Discover New Part of the Human Body
Turkey's Exports Soar by 33.7% to $21.5B in November