For the first time over Germany, China became the UK's largest source of imports in the first quarte



For the first time over Germany, China became the UK's largest source of imports in the first quarter
 

On May 25, local time, the latest data released by the National Bureau of Statistics of the United Kingdom showed that in the first quarter of 2021 (January to March), China replaced

Germany has become the UK's largest single import market, partly because of the demand for Chinese textiles that make masks and personal protective equipment.
For the first time over Germany, China became the UKs largest source of imports in the first quarte(图1)

It surpassed Germany for the first time, and China became the largest source of imports to the UK in the first quarter. For the first time, China became the largest source of imports to the UK in the first quarter.

According to data from the National Bureau of Statistics of the United Kingdom, in the first three months of 2021, the total merchandise trade (including imports and exports) between the United Kingdom and EU countries fell by 23.1% compared with the first quarter of 2018; while trade with countries outside the EU The amount fell by only 0.8% over the same period.


It surpassed Germany for the first time, and China became the largest source of imports to the UK in the first quarter. For the first time, China became the largest source of imports to the UK in the first quarter.

air freight from china
For the first time over Germany, China became the UKs largest source of imports in the first quarte(图2)

According to the National Bureau of Statistics of the United Kingdom, British imports from China have increased by 66% since the beginning of 2018, reaching 16.9 billion pounds (1 pound equal to 9 yuan) in the first quarter of 2021. In the same period, imports from Germany fell by a quarter to 12.5 billion pounds. The European Union as a whole remains Britain's largest trading partner.


Since the second quarter of 2020 (April to June), the number of goods imported by the UK from China has exceeded the number of goods imported from any other country, and it has been on an upward trend. By the first quarter of 2021, goods imported from China accounted for 16.1% of total UK imports, an increase of 65.6% compared to the first quarter of 2018.


Since the British National Bureau of Statistics began to record in 1997, China has surpassed Germany for the first time to become the UK's largest import market. Part of the reason is that due to the outbreak of the new crown pneumonia, the UK has increased its demand for Chinese textiles used to make masks and personal protective equipment (PPE).
air freight from china

It surpassed Germany for the first time, and China became the largest source of imports to the UK in the first quarter. For the first time, China became the largest source of imports to the UK in the first quarter.

air freight from china


In addition, the increased demand for Chinese electrical products (communication and audio equipment) during the epidemic prevention and blockade has also boosted the growth of British import trade from China.
 
For the first time over Germany, China became the UKs largest source of imports in the first quarte(图3)
 
Prior to this, Germany had always been Britain's main import market, except for the six months between the end of 2000 and the beginning of 2001, when Britain imported more goods from the United States. The National Bureau of Statistics of the United Kingdom said that since April 2019, the volume of imported goods from Germany has declined, which coincides with the increase in uncertainty caused by Brexit and the timing of the 2020 new crown pneumonia epidemic.


Yan Jin, executive director of the Center for European Studies at Renmin University of China, said that under the impact of the epidemic, China has given full play to its advantages as a "world factory". The strong resilience and vitality of "Made in China" have further highlighted, and the status of "world export champion" has been consolidated. The scale of bilateral trade between China and major economies has steadily expanded, and the foundation for mutually beneficial and win-win cooperation has continued to strengthen, which will inject impetus into the recovery of the world economy in the post-epidemic era.


The United Nations Conference on Trade and Development also pointed out in the latest report that the progress of global economic and trade recovery is still unbalanced. China is expected to become one of the main driving forces of world economic growth this year. The resilience of global trade will largely benefit from East Asian economies. .

air freight from china



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