According to official figures released on Wednesday, the United States has emerged as Germany's largest single trading partner for the first time since 2015, surpassing China. Trade between the U.S. and Germany saw a slight increase of 0.1%, reaching 252.8 billion euros in 2024. In contrast, trade with China, which had been Germany's top trading partner from 2016 to 2023, experienced a decline of 3.1% to 246.3 billion euros. The Netherlands secured the third position with a total trade volume of 205.7 billion euros, marking a 4.2% decrease.
Germany, boasting Europe's largest economy, has faced stagnant economic growth over the past five years. The country, known for its exports of engineered products such as industrial machinery and luxury cars, has encountered challenges including heightened competition from Chinese firms. This has contributed to a contraction in the economy over the last two years.
