EU trade deficit with China exceeded €1bn daily in July, with imports running three times higher than exports to the bloc.
The European Union spent three times more on Chinese imports than China bought from the bloc in July, according to customs data. The trade imbalance reached over €1 billion a day, highlighting the bloc’s significant dependency on Chinese goods.
- ▪EU imports from China dwarf exports to the country by a 3-to-1 ratio, customs analysis shows
- ▪Daily trade deficit exceeded €1 billion (£860 million) in July alone
- ▪Gap reflects growing EU reliance on Chinese manufactured goods and electronics
- ▪Study released days before Xi Jinping met with Donald Trump on trade issues
- ▪Consumers and businesses across EU member states driving the import imbalance
- ▪Trade gap underscores structural challenges in EU-China commercial relationship
- ▪Monthly deficit in July translated to roughly €31 billion for the single month
Source: according to customs data
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