But Buys Back Europe To Include Europe To
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According to EU commission’s official statistics data, in 2009 the European Union total export is 1,093,000,000,000 euros, the gross import is 1,199,000,000,000 euros, the trade deficit is 105,476,000,000 euros. Compares US’s 380,700,000,000 US dollars trade deficits, not terror, therefore Europe does not have the power to blindly follow suit follows the US to force the Renminbi revaluation. Looking from the European Union main import-export goods, European Union most important the export commodity category respectively is: The machinery (in 2008 is 490,000,000,000 euros), the chemical industry (in 2008 is 129,000,000,000 euros), the automobile (in 2008 is 110,000,000,000 euros), the drugs manufacture (in 2008 is 69,700,000,000 euros), the civil flight vehicle (in 2008 is 45,700,000,000 euros), these kind of commodity adding together occupies European Union total export over 80%, and the single item statistics all are maintaining the high quota favorable balance. In the European Union main import-export goods, the only large amount trade deficit’s project is the textile and the footwear, in 2008 the amount of deficit is 44,200,000,000 euros.
It is not difficult from the data to discover that Europe’s main export variety, is Europe has the superiority, but China does not have the superiority product, in these aspects, the Central Europe economy has the very strong complementarity, even if the Renminbi further revalues, will not bring the big change to Europe’s trade situation. Even if is the European large amount trade deficit textile and the footwear project, in fact its trade deficit origin is also known to all: Europe’s name brand clothing and the footwear are very big a part are process the manufacture in China, but buys back Europe to include Europe to import.
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