EU spends three times more on imports from China than bloc exports there

A new study reveals the European Union’s trade imbalance with China reached a sharp high in July, with daily imports from China exceeding exports to the country by over €1 billion. The figures highlight a growing disparity in trade flows, as EU consumers and businesses purchase far more Chinese goods than Chinese buyers do from the bloc. The data comes just days before a major summit between Chinese and U.S. leaders, raising questions about economic tensions and trade policy. The findings underscore the scale of the EU’s reliance on Chinese imports amid broader global trade dynamics.

Study shows trade deficit ran at more than €1bn a day in July, days before Xi Jinping’s summit with Donald TrumpBusiness live – latest updatesConsumers and businesses in the EU are spending three times more on Chinese imports than their counterparts in China are buying from the bloc, a study has shown.Customs data showed the gap between the EU’s imports from China and exports to China, the trade deficit, ran at more than €1bn (£860m) a day in July. Continue reading...