Written by Gyorgyi Macsai (Members’ Research Service) with Raffaele Ventura (GlobalStat, EUI).
This infographic provides insight into the economic performance of China compared with the European Union (EU) and examines the trade dynamics between them. In 2023, while China’s GDP growth rate has returned to increase against the previous year, Europe’s GDP growth rate continues to decline and stands at 0.6 percent. Both countries’ inflation rates are down from the prior year, but Europe’s rate remains at 6.3 percent while China’s is at 0.2 percent. Over the last decade, trade between the EU and China has generally risen. Nevertheless, EU imports of goods from China saw a significant drop after 2022. The EU continues to be China’s primary trade partner, while China ranks as the EU’s second-largest partner.
Read this infographic on ‘China: Economic indicators and trade with EU‘ in the Think Tank pages of the European Parliament.
(annual change, %)
(at PPP 1 in thousands of international dollars)
(% of female population aged 15+)
20
40
60
80
202320212019201720152013201120092007
60.7
24.5
(International dollars, 1 000s)(International dollars, 1 000s)(International dollars, 1 000s)
China
EU-27
current prices, Purchasing power parity
Total unemployment rate
(% of total labour force)
Foreign direct investment (FDI) net inflows (% of GDP)
Trade in goods, exports plus imports
Trade in goods
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