Eurostat data show European Union (EU)-China trade has increased in recent years despite talks of ‘decoupling’ from or ‘de-risking’ economic links with China. Such trade reached $847.3 billion in 2022, a 2.4-per cent increase over the previous year.

European imports from China nearly doubled in value between 2018 and 2022.

Eurostat data show EU-China trade has increased despite talks of 'decoupling' from or 'de-risking' economic links with China. Such trade reached $847.3 billion in 2022, a 2.4-per cent increase over 2021. European imports from China nearly doubled in value between 2018 and 2022. China was the leading goods supplier to the EU during H1 2023, an OECD analysis found.

An Organisation for Economic Cooperation and Development analysis showed China remained the leading supplier of goods to the EU during the first half this year.

China and the EU are each other's main trading partner, a Chinese state-controlled media outlet reported.

Fibre2Fashion News Desk (DS)