OREANDA-NEWS.  On the occasion of the European Union – China summit, which takes place on 12-13 July in Beijing, Eurostat, the statistical office of the European Union, issues some data on economic relations between China and the EU.

Key figures

Trade in goods: China: top EU partner for imports in 2015, accounting for a fifth (20.3%) of all EU imports

China: second largest EU partner for exports in 2015 (9.5% of all exports), after the United States

EU trade in goods balance with China in 2015: deficit of €180 billion, due to surge of imports

Machinery & vehicles dominate both exports and imports

Deficit with China for every EU Member State, except Germany and Finland Trade in services  

EU trade in services balance with China in 2015: surplus of €10.3 billion, due to surge of exports