Europe Buys More From China Than It Does From The U.S. – International Trade
Over the years, Chinese exports have inundated not only the United States, but the European Union (EU) as well. Similar to the trade imbalances with the U.S., the EU also has trade imbalances with China.
China has become a significant influence on the EU and its trading characteristics, garnering more trade expansion than with the U.S. China is now the EUâ€™s second-largest trading partner behind the United States, while the EU is Chinaâ€™s largest trading partner. The U.S. represents about 17% of the EUâ€™s total trade, while China currently makes up about 15% of the EUâ€™s total trade.
The EU, like the U.S., wants to ensure that trade with China is fair, respects intellectual property and meets its obligations as a member of the WTO. The majority of the imports into the EU from China include consumer goods, machinery, shoes, and clothing. The bulk of exports from the EU to China are automobiles, planes, and chemicals.
Sources: U.S. Department of Commerce, EuroStat, CIA Factbook
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