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Globalisation - China overtakes the USA as EU's biggest trading partner

Graham Watson

17th February 2021

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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.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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