Financial Times FT.com

Eurozone's trade deficit with China soars to over €41bn

By Ralph Atkins in Frankfurt

Published: January 21 2005 02:00 | Last updated: January 21 2005 02:00

The eurozone's trade deficit with China soared to €41.1bn ($48.1bn, £28.6bn) in the first 10 months of last year, reducing sharply the region's overall trade surplus.

The figures from Eurostat, the European Union's statistical office, highlighted the pace of change in European trade patterns. Chinese products are penetrating higher value-added markets, such as electronics, but the sharp rise in imports also reflected the impact of EU investment in China, economists said.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this