China overtakes U.S. as the EU's largest trading partner
2021-02-17 08:25:13 source：CGTN
Febuary 17, 2021
China has surpassed the U.S. as the European Union's largest trading partner after the COVID-19 pandemic and Brexit caused trade with the bloc's other main partners to decrease.
Over the past year, EU exports to China increased by 2.2 percent, while imports rose by 5.6 percent. Eurostat, the EU's statistical agency, also said the value of trade between the EU and China reached $711 billion in 2020, while trade with the U.S. reached $673 billion.
The increase in trade with China is largely due to how the country's economy bounced back from the start of the pandemic. Between December 2019 and 2020, industrial output in China rose by 7.3 percent.
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