It is useful to analyse the importance of the transatlantic links in comparison to ties with China. Taking the latest available data into account (2020 for goods and 2019 for services), total trade in goods and services between the EU and US is much higher than that between either of them with China (see indicative numbers in Figure 3). In other words, total trade between the EU and China is only 68 % of transatlantic trade, and for US trade with China, this figure stands at 58 % of its trade with the EU.
Total trade in goods and services between the EU, US and China (in € bn)
Categories:
European Parliamentary Research Service
Related Articles
In focus
We write about
Blogroll
Disclaimer and Copyright statement
The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.
For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.
Copyright © European Union, 2014-2023. All rights reserved.
Be the first to write a comment.