According to China Customs statistics, in the first quarter of this year, Sino-British trade in goods reached US$25.2 billion, a year-on-year increase of 64.4%. Among them, China’s exports were US$18.66 billion, a year-on-year increase of 80%; imports from the UK were US$6.54 billion, a year-on-year increase of 31.8%. China has become the UK's largest source of imports for the fourth consecutive quarter.
Recently, the UK has expanded its demand for products such as Chinese machinery, electronic equipment and medical supplies. The British "Guardian" analyzed that China was the first major economy to recover from the new crown pneumonia epidemic, and it is also the only major economy in the world to achieve positive growth in 2020. China quickly restored the order of production and life, and was able to meet Britain's import demand.
Since the second quarter of 2020, the number of British imports from China has exceeded that of other countries, and has shown an upward trend. In 2020, the volume of trade in goods between China and the UK will increase to 92.4 billion U.S. dollars, which is still a record high despite the unfavorable circumstances of the spread of the epidemic and the continued downturn in international trade. Two-way investment between China and Britain has grown steadily.
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