The United States was Germany's biggest single trading partner last year for the first time since 2015, displacing China from the top spot as exports to the Asian power declined, official figures showed Wednesday.
Trade between the U.S. and Germany, which has Europe's biggest economy, ticked up 0.1% compared with 252.8 billion euros ($264.3 billion) in 2023, Germany's Federal Statistical Office said.
Trade with China, which was Germany's biggest trading partner every year from 2016 to 2023, dropped 3.1% to 246.3 billion euros. The Netherlands took third place with a total trade volume of 205.7 billion euros, a 4.2% drop.
Germany hasn’t seen significant economic growth in five years. The country for years expanded exports and dominated world trade in engineered products like industrial machinery and luxury cars.
Trade between the U.S. and Germany, which has Europe's biggest economy, ticked up 0.1% compared with 252.8 billion euros ($264.3 billion) in 2023, Germany's Federal Statistical Office said.
Trade with China, which was Germany's biggest trading partner every year from 2016 to 2023, dropped 3.1% to 246.3 billion euros. The Netherlands took third place with a total trade volume of 205.7 billion euros, a 4.2% drop.
Germany hasn’t seen significant economic growth in five years. The country for years expanded exports and dominated world trade in engineered products like industrial machinery and luxury cars.
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