IDEAS home Printed from https://ideas.repec.org/p/cii/cepipb/2024-47.html
   My bibliography  Save this paper

Import Dependencies: Where Does the EU Stand?

Author

Listed:
  • Kevin Lefebvre
  • Pauline Wibaux

Abstract

Faced with growing competition and geopolitical tensions, major economies worry about the risks associated with over-reliance on the Chinese economy. Using detailed product-level import data, we compare both large countries’ trade dependencies and the extent to which they supply their trading partners with products they depend on. China stands out for its low number of dependent products. While the United States and the European Union have a similar number of trade dependencies, this number is larger for Japan. The sources of dependencies are common to all four countries, and lie in four sectors: chemicals, electronics, pharmaceuticals and the steel industry. The EU is heavily exposed to China: 61% of its import dependencies come from that country. This potential vulnerability is partially offset by the fact that the EU is China’s leading supplier for a fourth of its 47 import-dependent products. China is three times as exposed to the EU as it is to the US. The EU dependence on China increased between 2019 and 2022 owing to both an increase in the number of European dependencies on China and a reduction in the number of Chinese dependencies on the EU.

Suggested Citation

  • Kevin Lefebvre & Pauline Wibaux, 2024. "Import Dependencies: Where Does the EU Stand?," CEPII Policy Brief 2024-47, CEPII research center.
  • Handle: RePEc:cii:cepipb:2024-47
    as

    Download full text from publisher

    File URL: http://www.cepii.fr/PDF_PUB/pb/2024/pb2024-47.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Import Dependencies; Geo-economics; European Union;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cii:cepipb:2024-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cepiifr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.