China Pushes out USA to Become Main Trade Partner of European Union
The total foreign trade of the EU with China in the first seven months of the current year amounted to EUR 328.7 billion, and the trade with the USA amounted to EUR 323.5 billion, as announced on the website of the European statistics agency.
In the observed period, the exports of the 27-member block to China amounted to EUR 112 billion and is 1.8% lower y-o-y, whereas the imports from China grew by 4.9% y-o-y to EUR 216.7 billion.
At the same time, in the seven-month period, the export of the EU to the USA dropped by 9.9% to EUR 203.1 billion, whereas the imports from the USA dropped by as much as 11.7% to EUR 120.4 billion.
Imports from China to the EU grew by 4.9% in the observed period, whereas the imports from the USA dropped by 11.7%.
Even more worrying are the data on the trade between EU and its former member Great Britain, which is Brussels' third biggest trade partner.
In the January-July period, the exports from the EU to Great Britain plummeted by as much as 20.5% to EUR 150.5 billion, whereas the imports from the UK dropped by 16.5% to EUR 94.8 billion.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Construction, Healthcare
Contractors for Construction of Tirsova 2 to Be Sought in Competitive Procedure with Negotiation – State Opens New Tender, Price Remains Same
27.03.2024. | Construction, Healthcare