Antoine Bondaz
@AntoineBondaz
๐๐ China and Indo-Pacific | ๐จ๐ผโ๐ป๐ช๐บ Advisory service to the President @EU_Commission | ๐ต๐ผโโ๏ธ๐จ๐ผโ๐ซ ex @FRS_org @sciencespo | ๐Ph.D. | Compte perso
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๐ช๐บ๐จ๐ณ Same shift in value terms, using Chinese data:
Annualized, the EU27 moved from a >$25bn surplus in mid-2021 to a ~$20bn deficit in mid-2026.
Monthly, China first posted a surplus in Jan 2024, >$1bn in Aug 2025 and >$2bn in Apr 2026.
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Comparing H1 2026 YoY:
๐จ๐ณ passenger-vehicle exports to ๐ช๐บ: +90%
๐ช๐บ exports to ๐จ๐ณ: -28%
๐ Chinaโs trade surplus: +316%, reaching nearly โฌ12bn
Source: Chinese customs GACC
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