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.
The United States launched overnight strikes on military targets across Iran, as President Donald Trump warns of further attacks unless a peace deal i...
Pakistan says it has killed 26 militants in strikes on terrorist hideouts along the Afghan border, marking the most significant escalation between the...
Canada’s Privacy Commissioner has found that xAI’s Grok chatbot and its parent company X Corp. violated federal privacy law by launching an AI ima...
China's foreign ministry announced on Thursday that it had imposed sanctions on Philippine Defence Secretary Gilberto Teodoro and his immediate family...
Conditions of a climate pattern El Niño have officially developed and are expected to strengthen through the Northern Hemisphere winter of 2026-27,...
Pakistan says it has killed 26 militants in strikes on terrorist hideouts along the Afghan border, marking the most significant escalation between the neighbouring countries since a China-brokered diplomatic effort helped ease tensions earlier this year.
China's foreign ministry announced on Thursday that it had imposed sanctions on Philippine Defence Secretary Gilberto Teodoro and his immediate family, accusing him of repeatedly making remarks that undermined China's "legitimate interests" and bilateral relations.
Chinese Vice Premier Zhang Guoqing will attend a video conference hosted by French President Emmanuel Macron on Thursday (12 June) to discuss global economic imbalances, marking a rare high-level engagement between China and G7 nations ahead of next week's summit in France.
Chinese President Xi Jinping is wrapping up a two-day state visit with North Korean leader Kim Jong Un in Pyongyang. It was his first trip to the country since 2019, and a visit that carries more strategic weight than its carefully choreographed ceremonies might suggest.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
The Pakistani city of Karachi is struggling under severe heat and humidity as the country enters a prolonged heatwave period. The Pakistan Meteorological Department (PMD) has warned of above-normal temperatures across much of the country between 7 and 12 June.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American base in Jordan, marking a sharp escalation in tensions between the two sides.
More than a third of Belgium’s population now has a foreign background, according to new figures released by the national statistics office, Statbel. The data show that around 4.34 million of the country’s nearly 11.7 million residents do not have an entirely Belgian background.
Fuel stations across the Russian-occupied Crimean Peninsula ran dry on Thursday as Ukraine stepped up attacks on supply routes to the region.
Pakistan says it has killed 26 militants in strikes on terrorist hideouts along the Afghan border, marking the most significant escalation between the neighbouring countries since a China-brokered diplomatic effort helped ease tensions earlier this year.
Canada’s Privacy Commissioner has found that xAI’s Grok chatbot and its parent company X Corp. violated federal privacy law by launching an AI image-generation tool without adequate safeguards, enabling the creation and distribution of non-consensual sexualised deepfakes.
China's foreign ministry announced on Thursday that it had imposed sanctions on Philippine Defence Secretary Gilberto Teodoro and his immediate family, accusing him of repeatedly making remarks that undermined China's "legitimate interests" and bilateral relations.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment