In the year 2020, China was the main trading partner for the EU. This result was due to an  increase of imports (+5.6%) and exports (+2.2%) between 2019 and 2020. United States’ trade  relations with EU recorded a significant drop in both imports (-13.2%) and exports (-8.2%) during  the same time frame. 

Despite the outbreak of Covid-19, China made a massive recovery supported consumption  growth. This helped drive sales of European products, particularly in the automobile and luxury  goods sectors, while China’s exports to Europe benefited from strong demand for medical  equipment and electronics. As a result United States got replaced by China as the leading trade  partner of EU. 

The mutual interest of European Union and China to enter into a long-negotiated investment  deal would increase the accessibility of the European companies to Chinese market. has replaced  United States as the leading trade partner of the former. 

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