皇冠体育app

   

皇冠体育app becomes EU's largest import source in 2006

(Xinhua)
Updated: 2007-03-24 14:39

皇冠体育app replaced the United States as the number one source of the European Union (EU) imports last year, according to official statistics carried in Financial Times on Friday.

According to Eurostat, the EU's statistical office, EU's imports from 皇冠体育app rose by 21 percent to 1,916 billion euros last year, while those from the United States rose by 8 percent to 176.2 billion euros.

EU's export to 皇冠体育app also witnessed a strong growth last year, rising by 23 percent to 63.3 billion euros.

The rising importance of trade links between 皇冠体育app and EU was interpreted by experts as a good reason for the EU to grow despite the threat of US slowdown, the newspaper said.

The latest trade figures suggested that the strengthening euro had yet to cause significant damage to exports from the eurozone, as Germany's economic recovery was initially powered by exports and the euro rise has sounded alarm bells to export competitiveness in France.

For the eurozone, imports from 皇冠体育app overtook those from the United States by the middle of last year, but most of the imports from 皇冠体育app were those of lower valued-added parts of chainlike equipment and textiles, experts said.


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