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EU trade gap with China falls
Source: Xinhua |
September 19, 2012, Wednesday
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Print Edition
Print Edition
THE European Union saw its trade deficit with China drop in the first six months of this year due to continued growth in exports, a Eurostat report said yesterday.
EU exports to China rose from 66 billion euros (US$86.2 billion) in the first half of 2011 to 73 billion euros in the same period of this year, while imports stabilized at about 140 billion euros. As a result, the trade deficit fell from 75 billion euros to 67 billion euros.
This follows a continued drop in the EU trade deficit with China. The deficit reached its peak of 170 billion euros in 2008, then fell to 156 billion euros in 2011.
EU exports to China rose from 66 billion euros (US$86.2 billion) in the first half of 2011 to 73 billion euros in the same period of this year, while imports stabilized at about 140 billion euros. As a result, the trade deficit fell from 75 billion euros to 67 billion euros.
This follows a continued drop in the EU trade deficit with China. The deficit reached its peak of 170 billion euros in 2008, then fell to 156 billion euros in 2011.
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