Germany accounted for almost half of EU27 exports to China
Among the EU27 Member States, Germany (53 bn euro or 48% of EU exports) was by far the largest exporter to China in the first ten months of 2011, followed by France (11 bn or 10%), Italy and the United Kingdom (both 8 bn or 7%). Germany (54 bn or 22% of EU imports) was also the largest importer, followed by the Netherlands2 (42 bn or 17%), the United Kingdom (32 bn or 13%) and Italy (25 bn or 10%).
All Member States, except Finland, registered deficits in trade with China in the first ten months of 2011. The largest deficits were observed in the Netherlands (-36 bn euro), the United Kingdom (-24 bn), Italy (-17 bn), Spain and France (both -10 bn).
EU27 direct investment of 7 bn in China in 2010
EU27 Foreign Direct Investment flows (FDI) into China amounted to 7.3 bn in 2010, compared with 5.3 bn in 2007, 6.8 bn in 2008 and 6.5 bn in 2009, while China invested 0.8 bn in the EU27 in 2010, compared with an investment of 0.7 bn in 2007, a disinvestment of 0.3 bn in 2008 and an investment of 0.1 bn in 2009.
Machinery and vehicles accounted for 60% of EU27 exports to China in the first ten months of 2011 and one sixth were other manufactured articles, while these two groups together accounted for more than 90% of imports.
EU27 surplus of 6 bn in trade in services with China in 2010
In 2010, the EU27 exported 22.4 bn euro of services to China, while imports from China amounted to 16.4 bn, meaning that the EU27 had a surplus of 6.0 bn in trade in services with China, compared with +5.1 bn in 2008 and +5.5 bn in 2009. The surplus in 2010 was mainly due to surpluses in other business services (+3.1 bn), royalties & license fees (+1.9 bn) and computer & information services (+1.2 bn), partly offset by a deficit in transportation (-1.2 bn). China accounted for almost 4% of total extra-EU27 trade in services.