The People’s Republic of China has overtaken the United States (US) as the biggest trading partner of the European Union (EU) in 2020, according to the data by the European Union statistics agency, Eurostat. Britain, which left the European Union in 2020, was the third-largest trading partner for the bloc, behind China and the United States.
Trade between China and the EU was worth $709bn (€586bn, £511bn) last year, compared with $671bn worth of imports and exports from the US.
In the year 2020, China was the main partner for the EU. This result was due to an increase of imports (+5.6%) and exports (+2.2%)," according to Eurostat, the EU's statistical office.
Trade with the United States recorded a significant drop in both imports (-13.2%) and exports (-8.2%) the data agency said.
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