The European Union (EU) continued to be China’s second-largest trading partner during the first 11 months of the year, with bilateral trade registering a 1.3-percent increase, marginally up 0.1 percentage point from the January-October period, latest data from Chinese customs revealed on Tuesday.
The data indicates a steady recovery in bilateral trade, reflecting the resilience and complementarity of both economies despite increasing global uncertainty and trade frictions, analysts said.
In yuan-denominated terms, the bilateral trade between January and November reached 5.09 trillion yuan ($702.06 billion), representing a 1.3-percent year-over-year increase, according to the General Administration of Customs (GAC).
The GAC data showed that from January to November, China’s exports to the EU increased by 3.8 percent to reach 3.34 trillion yuan.
Trade with the EU accounted for 12.8 percent of China’s total trade volume during the January-November period, slightly down from a reading of 12.9 in the first ten months.
