EU China Bilateral Trade Remained Stable Growth In The First Quarter.

According to the latest statistics released by the European Bureau of statistics, in the first quarter of 2010, China exported 59 billion 200 million euros to Europe, an increase of 9.8% over the same period last year, slightly higher than the total import growth of 8.9% over the same period. In Europe, the market share was 17.9%, which was the same as that in 2009. It is still the largest source of imports in Europe, far higher than that in the United States (11.8%) and Russia (10.7%).

In March 2010, I exported 21 billion 500 million euros to Europe, an increase of 37.9% over the same period last year, much higher than the total import growth of 19.8% over the same period. I made a difference of 11 billion 600 million euros to Euro Shun, a decrease of 2 billion 700 million euros compared with the same period in 2009.

In addition, statistics also showed that in the first quarter of 2010, Europe exported 24 billion 900 million euros to China, an increase of 47.3% over the same period, much higher than the 15.2% growth rate in the same period in Europe.

For the first time, China surpassed Switzerland to become the second largest export market in Europe, accounting for 8.5% of total European exports, ranking behind the US (18.1%).

Over the same period, EU exports to the US and Switzerland grew by 5.9% and 9.4% respectively.

European stakeholders pointed out that, with the drag on the sovereign debt crisis, the demand for power in Europe is insufficient, and the prospects for economic recovery are unclear.

China's strong momentum of development has become the most stable and reliable external support for the EU's economic recovery.

(China trade remedy information network)