Published: February 16th, 2021,
Last updated: January 22nd, 2024
Last year, China overtook the USA as the European Union’s most important trading partner for the first time. The volume of trade with the People’s Republic amounted to €586 billion in 2020, as the EU statistics agency Eurostat announced yesterday – with the US it was €555 billion. Accordingly, trade with China increased again last year despite the coronavirus crisis: According to Eurostat, EU exports rose by 2.2 percent to €202.5. Imports from the People’s Republic also increased – by 5.6 percent to €383.5 billion.