China overtook the US as EU’s largest trade partner

In Q2 2020, the EU’s largest trade partner in goods was China, overtaking the United States.

In fact, between Q1 2019 and Q2 2021, the share of imports from China increased by 4.0 percentage points (pp). In the same period, imports from the United Kingdom, Russia, and the United States dropped by 3.4 pp, 1.1 pp, and 1.0 pp, respectively. The COVID-19 pandemic, and in the case of the United Kingdom also Brexit, were major contributing factors in these drops. Η Κίνα ξεπέρασε τις ΗΠΑ ως τον μεγαλύτερο εμπορικό εταίρο της Ευρωπαϊκής Ένωσης