In 2024, China was the EU’s biggest import partner and third-largest export destination, with €213.3 billion in exports and €517.8 billion in imports. This resulted in a €304.5 billion trade deficit, while only Ireland and Luxembourg recorded trade surpluses.
China played a crucial role in EU trade in 2024, ranking as the bloc’s top import source and third-largest export market. The EU exported goods worth €213.3 billion to China, while imports reached €517.8 billion, leading to a €304.5 billion trade deficit, according to Eurostat data.
Among EU nations, only Ireland and Luxembourg recorded trade surpluses with China, while the other 25 member states experienced trade deficits. The Netherlands had the highest deficit at €85 billion.
China accounted for 21.3% of the EU’s total imports, followed by the United States (13.7%) and the United Kingdom (6.8%). In terms of exports, China ranked third after the United States (20.6%) and the United Kingdom (13.2%).
Trade volumes between the EU and China declined in 2024 compared to 2023, with imports decreasing by 0.5% and exports dropping by 4.5%. However, over the past decade (2014-2024), imports from China surged by 101.9%, while EU exports increased by 47.0%.
The top three EU importers of Chinese goods were the Netherlands (€109 billion), Germany (€96 billion), and Italy (€50 billion). Meanwhile, Germany (€90 billion), France (€24 billion), and the Netherlands (€24 billion) were the largest EU exporters to China.
Manufactured goods dominated EU-China trade, accounting for 88% of EU exports and 97% of imports. The primary exported goods included machinery and vehicles (51%), other manufactured products (20%), and chemicals (17%).
Similarly, manufactured goods made up nearly all EU imports from China, with primary goods contributing just 2%. The most imported items were electrical machinery, appliances, telecommunications equipment, and office and data-processing machines, which together accounted for nearly 40% of total imports.
U.S. Defense Secretary Pete Hegseth said on Tuesday that Washington would explore "flexibility" for American troops stationed in South Korea to addres...
Chinese President Xi Jinping has pledged to boost mutual investment and deepen economic cooperation with Russia, as Moscow faces growing Western sanct...
Israel’s top military legal officer Yifat Tomer-Yerushalmi, who resigned last week, has been arrested over the leak of a video showing soldiers brut...
Venezuelan President Nicolas Maduro has called on citizens to stand united as the United States increases its military presence in the Caribbean, accu...
AnewZ marks its first year — a short span in time, yet a period defined by meaningful progress, steady purpose, and a growing voice in global journa...
Chinese President Xi Jinping has pledged to boost mutual investment and deepen economic cooperation with Russia, as Moscow faces growing Western sanctions and trade pressure.
China will extend its visa-free entry policy for 45 countries including France, Germany and Spain to 31 December, 2026 and expand the scheme to cover Sweden, effective 10 November, the foreign ministry said on Monday.
Russian Prime Minister Mikhail Mishustin has said that cooperation between Moscow and Beijing is deepening despite turbulence in global politics and the world economy.
Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin reaffirmed the strength of bilateral relations during the 30th regular meeting between Chinese and Russian heads of government, held on Monday in Hangzhou, eastern China’s Zhejiang Province.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
U.S. President Donald Trump said he does not believe the United States is going to war with Venezuela despite growing tensions, though he suggested President Nicolás Maduro’s time in power may be nearing its end.
On October 21, 2025, an Azerbaijani Airlines (AZAL) Gulfstream G650, call sign 4K-ASG, touched down at Yerevan’s Zvartnots Airport. It was a historic event, commented many.
A powerful earthquake measuring 6.3 struck near the northern Afghan city of Mazar-e Sharif early on Monday, leaving at least 20 people dead, hundreds injured, and causing significant damage to the city’s famed Blue Mosque, authorities said, warning that the death toll was expected to rise.
U.S. Defense Secretary Pete Hegseth said on Tuesday that Washington would explore "flexibility" for American troops stationed in South Korea to address regional threats while maintaining the alliance’s core focus on deterring North Korea.
Chinese President Xi Jinping has pledged to boost mutual investment and deepen economic cooperation with Russia, as Moscow faces growing Western sanctions and trade pressure.
Venezuelan President Nicolas Maduro has called on citizens to stand united as the United States increases its military presence in the Caribbean, accusing Western media of waging a psychological war against his country.
Chancellor Friedrich Merz said on Monday that Germany plans to deport Syrian citizens with criminal records and has invited Syrian President Ahmed al-Sharaa to Berlin for talks on the issue.
Pakistan’s military has dismissed claims that it holds an agreement with the United States permitting attacks on Afghanistan from its territory.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment