Sino-European trade balance has improved this year

[China Glass Network] Introduction: According to the trade data released by Eurostat since 2011, as of July, the balance of trade between Europe and China has improved compared with last year. First, the overall European-China trade deficit in a single month showed a downward trend.

According to the trade data released by Eurostat since 2011, as of July, the balance of trade between Europe and China has improved compared with last year. First, the overall European-China trade deficit in a single month showed a downward trend.

From January's 15.7 billion euros to 12.2 billion euros in July, the average monthly decline was 4.1%. In the same period last year, it showed an overall upward trend, with an average monthly increase of 2.3%. Second, the growth rate of the trade deficit between Europe and China in a single month turned from negative to negative, and the negative growth rate continued to expand.

The deficit in March fell by 7.8% year-on-year, achieving negative growth. Although it rebounded in April and showed a positive growth of 8.8%, it continued to maintain negative growth since May, and the decline continued to expand. In the month of July, the deficit decreased by 18.1% year-on-year.

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