General

On February 15, customs data showed that the trade volume of the 27 EU countries with China in 2022 was 856.3 billion euros, an increase of 22.8% over the previous year. Customs data showed that exports to China amounted to 230.3 billion euros, up 3.0%; Imports from China amounted to 626 billion euros, up 32.1%; The deficit was 395.7 billion euros, up 58.1%. China is the second largest trading partner, the first largest source of import and the third largest export market of the EU, accounting for 15.4%, 20.8% and 9.0% respectively.

In December, the EU-China trade volume was 65.3 billion euros, down 6.8% year on year. Customs data showed that exports to China amounted to 20.4 billion euros, up 4.6%; The import from China was 44.9 billion euros, down 11.3%; The deficit was 24.6 billion euros, down 20.9%.

According to customs data, due to the rapid growth of exports to Europe in the fourth quarter, the United States ranked the first largest trading partner of the European Union in 2022, with a total trade volume of 867.7 billion euros, an increase of 37.1% over the previous year, accounting for 15.6%. Affected by the crisis in Ukraine, although the EU's exports to Russia fell by 38.1%, the overall trade volume with Russia increased by 2.3%, and Russia continued to maintain the fifth largest trading partner of the EU.

In 2022, the EU's overall foreign trade volume (excluding intra-union trade) was 5575.2 billion euros, up 29.4% from the previous year; According to customs data, exports of 2572 billion euros increased by 17.9%; Imports amounted to 3003.2 billion euros, up 41.3%; The deficit was 431.2 billion euros, and the trade balance changed from surplus to large deficit.