The United States and China are the EU’s biggest trading partners
The European Union concludes one third of its foreign trade with the United States and China, while Germany is the largest trading partner for most of the EU member countries – according to the information of Eurostat published on Wednesday.
In 2018, the European Union traded goods in a value of 674 billion euros with the United States, representing 17.1 percent of the Community’s foreign trade.
With China, the EU traded goods in a value of 605 billion euros last year, making it the second largest foreign trade partner of the community with a 15.4 percent share. (MTI)
Related news
Sándor Farkas: area-based support should remain in the seven-year EU budget after 2028
Hungary would like both the currently valid area-based support and…
Read more >China’s consumer price index fell in February for the first time in over a year
China’s consumer price index fell for the first time in…
Read more >EU Commission gives the green light to Alcohol-Free Organic Wine
Organic winemakers will now be allowed to de-alcoholize their wine…
Read more >Related news
NGM: the Council of the Elderly initiated the expansion of the range of products subject to VAT refunds
The Council of the Elderly has initiated the expansion of…
Read more >Humanoid robot available in Hungary
From January the Unitree G1 AI-powered humanoid robot is available…
Read more >Solutions to soaring food prices: opposition proposals to reduce VAT and special taxes
In recent months, the debate over the drastic increase in…
Read more >