to the EU was a contribution from imports, while more than half of China’s imports
from the EU was re-exported. This fully reveals defects in traditional trade statistics
within the global value chain environment.
Repeated calculations like these also produced a direct effect on the China-EU
trade surplus. As indicated in Fig.3.8, according to a calculation based on data
from the“Trade in Value Added database (TiVA)”jointly developed by the OECD
and the WTO, in 2008, China’s surplus in China-EU trade was 172 billion USD,
while China’s actual added value was 120.3 billion USD, among which
Fig. 3.7 Trade added value in China-EU trade.Note FDDVAmeans domestic added value in
exports;EXGRmeans total exports;FDFVAmeans foreign added value in domesticfinal
consumption;IMGRmeans total imports.SourceCalculated by the Author according to the
OECD-WTO trade in value added database (TiVA)
Fig. 3.8 Domestic added value in the China-EU trade surplus.Note TSVAFDmeans domestic
added value in trade surplus;TSGRmeans total trade surplus.SourceCalculated by the Author
according to the OECD-WTO trade in value added database (TiVA)
82 C. Xin