China outpaces US as Europe’s largest trade partner in 2020 | WHAT REALLY HAPPENED

China outpaces US as Europe’s largest trade partner in 2020

China has become the only country to boost both exports and imports to the European Union amid the pandemic, dethroning the US as the bloc’s top commercial partner last year.

According to the data published by the European Union’s statistics office, Eurostat, the 27-nation bloc’s imports from China hit €383.5 billion ($465.6 billion) in 2020, increasing by 5.6 percent year-on-year. Exports were up 2.2 percent to reach €202.5 billion ($245.9 billion).

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA