EU trade deficit with China down in H1
Updated: 2012-09-19 09:46
(Xinhua)
|
|||||||||||
BRUSSELS -- The first six months of 2012 saw some decrease of EU trade deficit with China due to continued growth in export, said a report issued by Eurostat Tuesday.
According to the report, EU exports to China rose from 66 billion euro ($86.2 billion) in the first six months of 2011 to 73 billion euro ($95.3 billion) in the first six months of 2012, while imports stabilised at just over 140 billion euro ($182.8 billion). As a result, the trade deficit decreased from 75 billion euro ($97.9 billion) to 67 billion euro ($87.5 billion).
This follows continued drop in EU trade deficit with China. Eurostat's report shows that the deficit reached its peak in 2008 of 170 billion euro ($222 billion), then gradually fell to 156 billion euro ($203.7 billion) in 2011.
The report also gives evidence of continued increase in trade volume between China and EU over the past decade. According to the report, EU's export surge from 26 billion euro ($33.9 billion) in 2000 to 136 billion ($177.6 billion) in 2011, while import shot from 75 billion euro ($97.9 billion) to 293 billion ($382.6 billion) at the same time.
China was the EU27's No.2 trading partner next to the United States, accounting for 9 percent of EU27 exports and 16 percent of EU27 imports in the first half of 2012, the report says.
Related Stories
Merkel urges dialogue to solve EU-China solar dispute 2012-09-18 10:06
China backs EU efforts to address debt crisis 2012-09-14 09:28
PV leader confident in co-op with EU firms 2012-09-12 15:23
Premier Wen confident about EU development 2012-09-12 13:27
Delegation to discuss EU probe 2012-09-12 11:04
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|