2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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China
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Japan
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USA
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Italy
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Detailed explanation-1: -In total trade, China overtook the United States in 2020 and became the EU’s largest trade in goods partner. Machinery and transport equipment (55.8 % or €264 billion) together with other manufactured goods (34.6 % or €163 billion) made up more than 90 % of all goods imported into the EU from China in 2021.
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: -In 2021, China was the third largest partner for EU exports of goods (10.2 %). It was preceded by the United States (18.3 %) and the United Kingdom (13.0 %) and followed by Switzerland (7.2 %) and Russia (4.1 %).