CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As per Eurostat data, which country was the biggest trading partner of the European Union (EU) in 2020?
A
China
B
Japan
C
United States
D
UK
Explanation: 

Detailed explanation-1: -In 2020, the United Kingdom and the United States were the largest destination for EU exports of services, with trade valued at EUR 184 billion and EUR 183 billion respectively, each representing 20 % of all exports to non-member countries.

Detailed explanation-2: -In 2020, China took over the position as the EU’s main trading partner in goods from the US, with an overall share of 16.2% in 2021 compared with 14.7% for the US.

Detailed explanation-3: -The following section presents information for the EU’s four principal trading partners (as of 2021): the United States, China, the United Kingdom and Switzerland.

Detailed explanation-4: -It analyses the type of goods exchanged with countries outside the EU, focusing on its five main partners: China, the United States, the United Kingdom, Switzerland and Russia.

There is 1 question to complete.