A Proper detail on China trade with European Union

The European Union, China, and the United States are the three largest trading partners on the planet.

The EU is dedicated to maintaining open trade relations with China. China is expected to follow fair trade practices, respect intellectual property rights, and fulfill its commitments as a World Trade Organization member (WTO).

Trade balance of the European Union with China 2010-2020

In 2020, the European Union exported goods to China valued at over 203 billion euros, down about four billion euros from the previous year.

European Union Exports to China:

According to the United Nations COMTRADE database on international trade, European Union exports to China totaled US$230.45 billion in 2020.

European Union Imports from China:

According to the United Nations COMTRADE database on international trade, the European Union imported $442.61 billion from China in 2020.

Trade-in goods:

The bilateral goods trade between the EU and China totaled €514.8 billion in 2016. [37] In both exports and imports, machinery and vehicles are the most common items. Computers, broadcasting equipment, telephones, office machine parts, and integrated circuits rank first and second, respectively, in China's top five export categories. Crude oil, integrated circuits, iron ore, gold, and automobiles are China's top five imports. The component for industrial products accounts for €343.725 million in EU imports of AMA/NAMA product categories and receives an amazing 98.1 percent (of a total of €350.535 million). Similarly, industrial products remain at the top of the list, accounting for €159,620 million in exports to China (93.7 percent of the total export volume).