Germany’s top trading partner in the first quarter was the United States, surpassing China, which had been the top country for several years.

, ‘In recent years, China has been Germany’s largest trading partner, but it appears that the United States is regaining that position this year.’,

, ‘According to CNBC on the 12th local time, the trade volume between Germany and the United States in the first quarter of this year reached 63 billion euros (approximately 93.1 trillion won).’,

, ‘In contrast, it is estimated that the trade volume between Germany and China is below 60 billion euros.’,

, ‘Casten Brzeski, Global Head of Macroeconomics Research at ING, explained, “The strong economic growth in the United States has increased demand for German products, and at the same time, due to factors such as decoupling from China (separation of supply chain, etc.), and a weakening domestic market in China.”‘,
,
, ‘Holger Schmieding, Chief Economist at Berenberg Investment Bank, noted that while the United States has long been a larger market for German exports than China, “the current slowdown of the Chinese economy and the more intense competition German companies face from Chinese companies receiving subsidies” has put pressure on them.’,

, ‘He further pointed out that an important difference is that the United States is becoming a more important country in the import sector as well.’,

, ‘In this regard, Germany has been pursuing a new China strategy, urging companies to derisk from China since last year.’,
,
, ‘[Photo Source: AFP=Yonhap News]’,
,

,
,
,