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.

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.

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.

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.

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: swda: EU 27E: China: Other Goods data was reported at 0.422 EUR bn in Feb 2025. This records an increase from the previous number of 0.212 EUR bn for Jan 2025. European Union Trade Balance: swda: EU 27E: China: Other Goods data is updated monthly, averaging 0.049 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 0.520 EUR bn in Jun 2024 and a record low of -0.038 EUR bn in Nov 2007. European Union Trade Balance: swda: EU 27E: China: Other Goods 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 Trade Balance: EU 27E: China: Mineral Fuels, Lubricants data was reported at 0.113 EUR bn in Jan 2025. This records an increase from the previous number of -0.020 EUR bn for Dec 2024. European Union Trade Balance: EU 27E: China: Mineral Fuels, Lubricants data is updated monthly, averaging -0.003 EUR bn from Jan 2002 (Median) to Jan 2025, with 277 observations. The data reached an all-time high of 0.465 EUR bn in Nov 2013 and a record low of -0.893 EUR bn in Feb 2023. European Union Trade Balance: 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.

In May 2025, the trade surplus in China amounted to approximately ***** billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit. International trade in China China surpassed the United States as the worlds’ largest goods trading economy in 2013. Despite the impacts of the global coronavirus pandemic, the total value of China’s imports and exports amounted to more than *** trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2024, over *** billion U.S. dollars worth of the United States’ imports originated in China, making China its second-largest import partner. A trade surplus occurs when exports of a country exceed its imports. It leads to a net inflow of domestic currency from foreign countries. The trade balance is a major growth factor for an economy. Because of running a large trade surplus, China holds a vast amount of foreign exchange reserves. Foreign exchange reserves may be viewed as a sign of national strength, but also represent a form of forced savings on the people. China was the country with the highest trade surplus of approximately ****** billion U.S. dollars as of 2023.

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.

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.

The European Union's total Exports in 2024 were valued at US$2.80 Trillion, according to the United Nations COMTRADE database on international trade. The European Union's main export partners were: the United States, the United Kingdom and China. The top three export commodities were: Machinery, nuclear reactors, boilers; Pharmaceutical products and Vehicles other than railway, tramway. Total Imports were valued at US$2.64 Trillion. In 2024, The European Union had a trade surplus of US$159.68 Billion.

The European Union's total Imports in 2024 were valued at US$2.64 Trillion, according to the United Nations COMTRADE database on international trade. The European Union's main import partners were: China, the United States and the United Kingdom. The top three import commodities were: Mineral fuels, oils, distillation products; Electrical, electronic equipment and Machinery, nuclear reactors, boilers. Total Exports were valued at US$2.80 Trillion. In 2024, The European Union had a trade surplus of US$159.68 Billion.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

In May 2025, the total value of imports to China amounted to around ***** billion U.S. dollars. This indicated a slight decrease in import value compared to the same period of the previous year. Import trade partners As of 2023, China was the world’s second-largest importer of merchandise goods, representing **** percent of worldwide imports. Over the last decade, the value of imports to China has increased significantly.In 2024, ASEAN and the European Union were China’s most important import trade partners, with an import value of about **** trillion yuan and **** trillion yuan respectively. About ** percent of China’s imports from the European Union were manufactured goods; the main import commodities to China were machinery and transport equipment. Trade balance With a merchandise trade surplus of more than *** billion U.S. dollars in 2023, China is still the nation with the highest trade surplus worldwide. Despite the pandemic, China exported nearly **** trillion U.S. dollar-worth of goods in 2024, setting another record in history. Nevertheless, a rising number of economists have estimated a downturn in China's economic development recently.

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

贸易差额：季节性和工作日调整数据：欧盟27E：中国：其他产品在01-01-2025达0.128十亿欧元，相较于12-01-2024的0.078十亿欧元有所增长。贸易差额：季节性和工作日调整数据：欧盟27E：中国：其他产品数据按月更新，01-01-2002至01-01-2025期间平均值为0.050十亿欧元，共277份观测结果。该数据的历史最高值出现于06-01-2024，达0.485十亿欧元，而历史最低值则出现于08-01-2018，为-0.053十亿欧元。CEIC提供的贸易差额：季节性和工作日调整数据：欧盟27E：中国：其他产品数据处于定期更新的状态，数据来源于Eurostat，数据归类于全球数据库的欧盟 – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China。

In the first quarter of 2025, the United Kingdom had a trade deficit of 10.6 billion British pounds, due to a 59 billion pound deficit in goods trade offset by a 48 billion pound trade surplus in services.

In 2024, China was the largest steel exporter, with a trade balance of **** million metric tons. By contrast, the EU and North America were net importers of this commodity. That year, the difference between North America's imports and exports of steel amounted to **** million metric tons.

Russia's gross domestic product (GDP) was estimated to grow by 4.1 percent in 2024 compared to the previous year. To compare, in 2022, the country's GDP dropped by around 1.44 percent. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. Trade balance of Russia With the exception of 2009, Russia’s GDP was relatively stable year-over-year, however at a higher rate prior to the financial crisis. In 2012, Russia reported a trade surplus, meaning that more goods and services combined were exported than imported. However, Russia primarily profited from exporting goods, earning the majority of its revenues from its trade balance of goods, while the nation posted a trade deficit on its services, its highest loss recorded since 2003. Russia imports and exports its products and services primarily to neighboring countries or countries in Europe. Russia’s most important trade partner is arguably China, potentially due to shared borders and strong political relations between the two nations. China is accountable for roughly 19.2 percent of all of Russia’s imports, however only makes up roughly 8.3 percent of the country’s total exports. China has become an important import partner for many nations around the world as well as a country where larger companies can manufacture goods at a cheaper price.