"The sum of exports and imports between the two countries last year totalled 251.8 billion (roughly $296.6 billion), a 2.1% increase, according to Destatis. China was Germany's most important trading partner from 2016 all the way through to 2023. In 2024, the US briefly held the title. German Chancellor Friedrich Merz is also set to visit China next week, where he is set to discuss trade and other topics."
"Germany last year imported goods worth 170.6 billion from China, an 8.8% increase from the year earlier. Chinese imports to Germany were mainly data processing equipment, electrical equipment and machinery. Meanwhile, German exports to China last year totaled 81.3 billion, down 9.7% from the year earlier. The US was Germany's next top business partner last year, with a foreign trade turnover of 240.5 billion, a 5% drop from the year before."
China overtook the United States as Germany's largest trading partner, with combined exports and imports totaling 251.8 billion (roughly $296.6 billion), a 2.1% increase. Germany imported 170.6 billion from China, an 8.8% increase from the year earlier, mainly data processing equipment, electrical equipment and machinery. German exports to China totaled 81.3 billion, down 9.7%. The US was Germany's next top partner with a foreign trade turnover of 240.5 billion, a 5% drop. German exports to the US fell to 146.2 billion, a 9.4% drop after tariffs introduced by US President Donald Trump, with cars and car parts suffering 17.8% losses. Chancellor Friedrich Merz is set to visit China to discuss trade and other topics.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]