In the News
Globalisation - China overtakes the USA as EU's biggest trading partner
Graham Watson
17th February 2021
The centre of economic gravity is changing: the EU's largest trading partner is now China, and no longer the USA.
Europe's trade volume with China reached 586 billion euros ($711 billion) in 2020, compared to 555 billion euros ($673 billion) for the USA.
China bucked a wider trend, as trade with most of Europe's major partners dipped due to the Covid-19 pandemic through most of 2020.
China overtakes US as EU's biggest trading partner https://t.co/7kwyXc4rtl
— BBC Business (@BBCBusiness) February 17, 2021
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