In terms of chemical products, EU has enjoyed trade surplus worth several billion euros with China every year, and the trade surplus shows a growing trend, especially for synthetic chemical products and specialty chemical products. Among the 27 EU member countries, Germany is the main area for China's chemical imports, which take up 40% of the amount of EU exports of chemical products to China, followed by UK, France, Belgium, Netherlands and Italy, whose amounts of exports to China are roughly the same.
The import of chemical products from EU takes up 8% of China's total chemical products. Here is 23.4% increase of EU export of chemical products to China, compared to only 4% increase of China export to EU. Obviously, China's chemical exports to the EU increased slightly, while the EU exports of chemical products to China showed a rapid growth, which implies EU pays more and more attention to the Chinese chemical market.
The main chemical products China exports to EU are basic chemical raw materials (mainly silicon), organic chemicals and plastic related products, while the main chemicals imported from EU are synthetic chemicals, specialty Chemicals. So, generally speaking, chemical products Chinese exports to the EU are still mainly labor-intensive products, while chemical products the EU exports to China are capital and technology intensive products.
