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China becomes EU's first trading partner

China becomes EU's first trading partner
China becomes EU's first trading partner

In 2020, China became the EU's largest trading partner for the first time. The country replaced the United States, a historic ally of the European Union.

According to a report by the European Commission's Statistics Agency, Eurostat, last year, EU imports from China increased by 5.6% and were up to 383.5 billion euros, while exports to China increased by 2.2%, 202.5 billion euros.

The United States' dynamics are the opposite - American imports to the EU fell by 13.2%, 202 billion euros, while EU exports to the United States fell by 8.2% - 353 billion euros.

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