US overtakes China as Germany's top trading partner

Published on: Wednesday 08 May 2024

The United States overtook China as Germany's most important trading partner in the first quarter of this year, according to Reuters' calculations based on official data from the German statistics office. Germany's trade with the United States - exports and imports combined - totalled 63 billion euros ($68 billion) from January to March, while the figure for China was just under 60 billion euros, the data showed. In 2023, China was Germany's top trading partner for the eighth year in a row, with volumes reaching 253 billion euros, although that was only a few hundred million ahead of the U.S.

News source: https://finance.yahoo.com/news/us-overtakes-china-germanys-top-070418124.html

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US overtakes China as Germany's top trading partner