In the News
Globalisation - China overtakes the USA as EU's biggest trading partner
Graham Watson
17th February 2021
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.
China overtakes US as EU's biggest trading partner https://t.co/7kwyXc4rtl
— BBC Business (@BBCBusiness) February 17, 2021
You might also like
India - Economic Growth and Development
Study Notes
Economic Growth in Brazil and Mexico
Study Notes
Economic Principles of the Refugee Crisis
10th September 2015
Can a currency depreciation lift Brazil out of recession?
9th December 2015
China cuts reserve requirement ratio to stimulate credit
2nd March 2016
Growing & Slowing Down Like China
2nd October 2016
Is China now leading the free world?
17th January 2017
Comparative Advantage and Gains from Trade
Topic Videos
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails