• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
US Becomes Germany’s Leading Trading Partner, Surpassing China

US Becomes Germany’s Leading Trading Partner, Surpassing China

05/09/2024
Hachiko Efficiency Services Nominated for Go Global Awards 2025

Hachiko Efficiency Services Strengthens Environmental and Hazardous Materials Management Across the Pacific

09/06/2025
Mechanic inspecting car engine with digital tablet - Supply Chain News

U.S. Finalizes Trade Deal with Japan, Sets 15% Tariffs on Key Imports

09/05/2025
Container ship at a busy port, undergoing loading and unloading operations. - Supply Chain News

What’s Next for Trump’s Tariff Strategy?

09/05/2025
Industries in India Face Pressure as US Imposes 50% Tariffs

Industries in India Face Pressure as US Imposes 50% Tariffs

09/05/2025
US–Japan Trade Deal Implements 15% Tariff Baseline

US–Japan Trade Deal Implements 15% Tariff Baseline

09/05/2025
US Reduces Tariffs on Japanese Cars to 15%

US Reduces Tariffs on Japanese Cars to 15%

09/05/2025
Sow Property Consult Limited Nominated for Go Global Awards 2025 in London

Sow Property Consult Limited Nominated for Go Global Awards 2025 in London

09/04/2025
Esusu Africa Nominated for Go Global Awards 2025 in London

Esusu Africa Nominated for Go Global Awards 2025 in London

09/04/2025
KRIEGER Worldwide: Delivering Reliable Global Logistics and Supply Chain Solutions

KRIEGER Worldwide: Delivering Reliable Global Logistics and Supply Chain Solutions

09/04/2025
Trump Says India Offered to Remove Tariffs on U.S. Goods

Trump Says India Offered to Remove Tariffs on U.S. Goods

09/03/2025
Modi-Xi Meeting Highlights Tariff Disputes

Modi-Xi Meeting Highlights Tariff Disputes

09/03/2025
Parcel ABC Launches Free Tariff Analysis Tool

Parcel ABC Launches Free Tariff Analysis Tool

09/03/2025
supplychainreport
Sunday, September 7, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

US Becomes Germany’s Leading Trading Partner, Surpassing China

by Geraldine S.
05/09/2024
in Green Supply Chains, Sustainability & Ethics

BERLIN, May 9 — The United States has surpassed China as Germany’s primary trading partner in the first quarter of this year, based on calculations from official data provided by the German statistics office, as reported by Reuters. Germany’s combined exports and imports with the United States totaled €63 billion (US$68 billion) from January to March, while trade with China amounted to just under €60 billion, according to the data. In 2023, China was Germany’s top trading partner for the eighth consecutive year, with trade volumes reaching €253 billion, only slightly ahead of the US.

Commerzbank economist Vincent Stamer attributed the shift in the first quarter to a robust US economy boosting German exports, while both exports to and imports from China have decreased. Structural changes also played a role, he noted. “China has advanced in producing more complex goods domestically, which it previously imported from Germany,” said Stamer. “Additionally, German companies are increasingly manufacturing locally in China instead of exporting from Germany.”

YOU MAY ALSO LIKE

Hachiko Efficiency Services Nominated for Go Global Awards 2025

Zoni American High School Expands Global Opportunities Through U.S.-Based, Student-Centered Education

Germany has expressed a desire to reduce its reliance on China, citing political differences and alleging “unfair practices” in its first China strategy announcement last year. However, specific policy measures to reduce dependencies have not been clearly defined. German imports of goods from China decreased by almost 12 percent year-on-year in the first quarter, while exports to China fell by just over 1 percent, according to Juergen Matthes from the German economic institute IW.

“The Chinese economy’s underperformance, contrasted with the US economy’s better-than-expected performance, is likely influencing this trend,” said Matthes. Currently, the US accounts for approximately 10 percent of German goods exports, while China’s share has dropped to less than 6 percent, Matthes added. “A reorientation appears to be occurring, possibly driven by geopolitical factors, moving away from China and towards the US,” he noted.

The future of this trend is uncertain. “If the US administration changes direction towards more market restrictions after the November elections, this trend could halt,” said Dirk Jandura, president of the BGA trade association.

Get top supply chain report news on The Supply Chain Report. For international trade insights and tools, visit ADAMftd.com.

#GermanyTradeNews #USChinaTrade #GlobalTrade #SupplyChainNews #EconomicShiftNews

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.