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Germany’s trade dynamics experienced a significant shift as the United States emerged as its primary trading partner in 2023, marking the first time since 2015 that China was displaced from the top position. This change was revealed in recent data from Germany’s Federal Statistical Office.

The trade relationship between Germany and the United States showed modest growth, increasing by 0.1 percent to reach 264.3 billion euros. Meanwhile, Germany’s trade with China, which had maintained its position as the leading partner from 2016 through 2023, experienced a decline of 3.1 percent, falling to 246.3 billion euros.

 

The Netherlands secured the third position in Germany’s trading hierarchy, though its total trade volume decreased by 4.2 percent to 205.7 billion euros.

This shift comes at a challenging time for Germany’s economy, which has struggled to achieve meaningful growth over the past five years. The nation, historically known for its dominance in global trade through exports of industrial machinery and luxury vehicles, has faced mounting challenges, including intensified competition from Chinese manufacturers.

The overall picture of German trade showed a downturn, with total exports declining by 1.2 percent to 1.56 trillion euros compared to the previous year. Imports also decreased, falling three percent to 1.32 billion euros.

The economic difficulties facing Germany, which stands as Europe’s largest economy, were further highlighted by its distinction as the only G7 nation to record negative growth for two consecutive years.