China increased its share of EU foreign trade in 2015

BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/16

The EU28’s goods imports from China last year rose 16 % y o y to €350 billion. The value of total non-EU goods imports increased 2 %. The value of goods exports to China grew 4 % y-o-y, slightly slower than other exports, to €170 billion. The EU28’s trade deficit with China rose to €180 billion.

About a fifth of non-EU imports to the EU28 come from China. About 10 % of EU28 exports went to China. The United States was the EU’s most important trading partner with an 18 % share. Russia accounted for 6 % of trade with the EU28 last year, with the value of Russian trade decreasing by 27 %.

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