China become EU”s largest trading partner

China Become EU’s Largest Trading Partner in July 2011

According to the latest statistics released by Eurostat on September 29, total EU-China import and export in July 2011 reached 35.6 billion Euros, 800 million Euros more than EU-U.S. China has surpassed the U.S.,become EU”s largest trading partner. However, in July, EU-China trade kept a trend of decrease, down by 0.8% year-on-year, accounting for 13.4% in total EU trade volume. Of which, EU exports to China were 11.7 billion Euros, up by 12.3%, higher than total EU export growth rate of 4.1%, and accounting for 9.1% of EU’s total exports. China remains the second largest export market of EU. And EU imports from China were 23.9 billion Euros, down by 6.2%, accounting for 17.4% of total EU imports. China remains EU’s largest source of import. In July, EU trade deficit with China was 12.2 billion Euros.

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