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NewsWorld

China Overtakes US As EU’s Biggest Trading Partner

written by Taiwo Adediran February 15, 2021
China Overtakes US As EU’s Biggest Trading Partner

China last year overtook the United States as the EU’s biggest trading partner, the EU statistics agency Eurostat said on Monday.

Britain meanwhile, which is no longer part of the European Union, was the third-largest trading partner for the bloc, behind China and the United States, the agency said.

The supremacy of China came after it suffered from the corona virus pandemic during the first quarter but recovered vigorously with consumption even exceeding its level of a year ago at the end of 2020.

This helped drive sales of European products, particularly in the automobile and luxury goods sectors, while China’s exports to Europe benefited from strong demand for medical equipment and electronics.

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