EU – China Summit EU trade with China significantly up in 2014 for both goods and services EU deficit for goods, EU surplus for services

Except for the drop recorded in 2009 following the financial crisis, the value of European Union (EU) imports of goods from China has significantly increased over the last decade, from €129.2 bn in 2004 to a peak of €302.5 bn in 2014. Exports, which did not decline in 2009, have more than tripled over the period 2004-2014 to hit €164.7 bn last year. The EU trade deficit with China, continuous during the whole period, decreased between 2010 and 2013, before growing again in 2014 to -€137.7 bn.

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