In 2024, the European Union exported goods worth approximately 213.3 billion euros to China, around 10 billion euros less than in the previous year. That year, the EU recorded a trade deficit of more than 304 billion euros with China.

In 2024, the European Union exported around *** billion euros worth of machinery and transport equipment to China and imported about *** billion euros worth of similar products from China. The EU also exported **** billion euros worth of clothing products to China and imported about **** billion euros worth of similar products from China.

European Union Trade Balance: EU 27E: China: Total data was reported at -26.145 EUR bn in Feb 2025. This records an increase from the previous number of -31.243 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: China: Total data is updated monthly, averaging -10.950 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of -2.454 EUR bn in Jun 2002 and a record low of -41.093 EUR bn in Sep 2022. European Union Trade Balance: EU 27E: China: Total data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

The United States is the European Union's biggest trading partner as of 2023, with the total value of trade between the EU and the North American country exceeding ****billion dollars. China was the EU's second-largest trading partner, however, in contrast to the substantial trade surplus that the EU has with the United States, the EU has a large trade deficit with China. In 2022, the EU imported *** billion euros worth of goods from China than it exported to the East Asian country. Other prominent trade partners included the UK, Switzerland, and Turkey.

European Union Trade Balance: EU 27E: China: Petroleum Products data was reported at -0.041 EUR bn in Feb 2025. This records a decrease from the previous number of 0.082 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: China: Petroleum Products data is updated monthly, averaging 0.009 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 0.465 EUR bn in Nov 2013 and a record low of -0.869 EUR bn in Feb 2023. European Union Trade Balance: EU 27E: China: Petroleum Products data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

In 2024, China's merchandise trade surplus amounted to around 992.2 billion U.S. dollars, significantly higher than in the previous year. The merchandise trade balance is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. Trade balance and partnersIn 2024, Chinese imports of goods amounted to approximately 2.59 trillion U.S. dollars, whereas total exports added up to about 3.58 trillion U.S. dollars. In contrast, China’s invisible trade balance, an indicator measuring services and government transfers between countries, closed with a deficit and ranged at about -92 billion U.S. dollars at the end of 2022. Being an economy heavily reliant on export, China ranked first among countries with the highest trade surplus, followed by Germany and Russia. The United States, with imports exceeding exports by approximately 1.15 trillion U.S. dollars that year, ranked first among leading import countries worldwide. In 2023, the value of the U.S. imports from China exceeded the exports to China by around 279.4 billion U.S. dollars. Another important trade partner for China is the European Union. In 2023, the EU imported around 514 billion euro-worth of goods from China, leading to a trade deficit of around 291 billion euros. Product categories with the highest trade deficit were mostly finished goods such as machinery and transport equipment, clothing, and other manufactures, whereas product categories with a more balanced trade sheet consisted of raw materials and agricultural products to a large extent.

European Union - Extra-EU trade: Trade balance in partnership with China except Hong Kong was EUR-164733.70 Million in December of 2019, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade: Trade balance in partnership with China except Hong Kong - last updated from the EUROSTAT on June of 2025. Historically, European Union - Extra-EU trade: Trade balance in partnership with China except Hong Kong reached a record high of EUR-104198.00 Million in December of 2013 and a record low of EUR-164733.70 Million in December of 2019.

European Union Trade Balance: swda: EU 27E: China: Mineral Fuels, Lubricants data was reported at -0.047 EUR bn in Feb 2025. This records a decrease from the previous number of 0.072 EUR bn for Jan 2025. European Union Trade Balance: swda: EU 27E: China: Mineral Fuels, Lubricants data is updated monthly, averaging 0.005 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 0.440 EUR bn in Nov 2013 and a record low of -0.892 EUR bn in Feb 2023. European Union Trade Balance: swda: EU 27E: China: Mineral Fuels, Lubricants data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Throughout the decade of the 2010s, the European ran a surplus with the rest of the world in the trade of services. This surplus declined during the decade, reaching its lowest point in 2020, before rebounding in 2021. The external trade of services is an important component of the European economy, as the EU is attempting to manage a transition towards an economy which deals more with digital services which require highly skilled 'knowledge' workers, from an economy which relies on heavy industries such as manufacturing.

European Union - Extra-EU trade of raw materials (SITC 2+4): Trade balance in partnership with China except Hong Kong was EUR6636.30 Million in December of 2019, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of raw materials (SITC 2+4): Trade balance in partnership with China except Hong Kong - last updated from the EUROSTAT on June of 2025. Historically, European Union - Extra-EU trade of raw materials (SITC 2+4): Trade balance in partnership with China except Hong Kong reached a record high of EUR7184.70 Million in December of 2017 and a record low of EUR1573.50 Million in December of 2008.

European Union - Extra-EU trade of other manufactured goods (SITC 6+8): Trade balance in partnership with China except Hong Kong was EUR-99963.30 Million in December of 2019, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of other manufactured goods (SITC 6+8): Trade balance in partnership with China except Hong Kong - last updated from the EUROSTAT on July of 2025. Historically, European Union - Extra-EU trade of other manufactured goods (SITC 6+8): Trade balance in partnership with China except Hong Kong reached a record high of EUR-67295.50 Million in December of 2009 and a record low of EUR-99963.30 Million in December of 2019.

European Union - Extra-EU trade of machinery and transport equipment (SITC 7): Trade balance in partnership with China except Hong Kong was EUR-89613.50 Million in December of 2019, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of machinery and transport equipment (SITC 7): Trade balance in partnership with China except Hong Kong - last updated from the EUROSTAT on July of 2025. Historically, European Union - Extra-EU trade of machinery and transport equipment (SITC 7): Trade balance in partnership with China except Hong Kong reached a record high of EUR-42096.30 Million in December of 2014 and a record low of EUR-89613.50 Million in December of 2019.

European Union Trade Balance: swda: EU 27E: China: Beverages and Tobacco data was reported at 0.109 EUR bn in Feb 2025. This records a decrease from the previous number of 0.120 EUR bn for Jan 2025. European Union Trade Balance: swda: EU 27E: China: Beverages and Tobacco data is updated monthly, averaging 0.097 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 0.203 EUR bn in Aug 2021 and a record low of -0.001 EUR bn in Feb 2002. European Union Trade Balance: swda: EU 27E: China: Beverages and Tobacco data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

European Union - Extra-EU trade of food, drinks and tobacco (SITC 0+1): Trade balance in partnership with China except Hong Kong was EUR8046.50 Million in December of 2019, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of food, drinks and tobacco (SITC 0+1): Trade balance in partnership with China except Hong Kong - last updated from the EUROSTAT on June of 2025. Historically, European Union - Extra-EU trade of food, drinks and tobacco (SITC 0+1): Trade balance in partnership with China except Hong Kong reached a record high of EUR8046.50 Million in December of 2019 and a record low of EUR-1893.40 Million in December of 2008.

European Union Trade Balance: EU 27E: China: Other Chemicals & Related Products data was reported at -1.701 EUR bn in Feb 2025. This records a decrease from the previous number of -1.583 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: China: Other Chemicals & Related Products data is updated monthly, averaging 0.109 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 1.551 EUR bn in Feb 2023 and a record low of -5.093 EUR bn in May 2022. European Union Trade Balance: EU 27E: China: Other Chemicals & Related Products data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

European Union - Extra-EU trade of chemicals and related products (SITC 5): Trade balance in partnership with China except Hong Kong was EUR8055.00 Million in December of 2019, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Extra-EU trade of chemicals and related products (SITC 5): Trade balance in partnership with China except Hong Kong - last updated from the EUROSTAT on July of 2025. Historically, European Union - Extra-EU trade of chemicals and related products (SITC 5): Trade balance in partnership with China except Hong Kong reached a record high of EUR8055.00 Million in December of 2019 and a record low of EUR-648.40 Million in December of 2008.

The U.S. goods trade deficit with China increased by nearly ** billion U.S. dollars in 2024, as China still had the biggest impact on U.S. bilateral trade. This is according to seasonally adjusted trade date from within the United States. Following the results of the U.S. elections in 2024, discussions surfaced on the potential of tariffs for countries that have a large trade surplus with the United States. The president-elect stated that trade tariffs of ** percent and ** percent might be implemented for goods from China or Mexico, respectively. The effects of such measures on the forecast GDP growth across the world were not yet clear. In Europe, however, Germany might be the most affected economy when the U.S. does implement tariffs.

Explore the rise of Chinese automakers in Europe, their impact on Tesla, and the broader industrial and economic implications for the region.

The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.