China still Germany’s biggest trading partner

Updated 2018-02-24 10:21:02

U.S. remains main export market, despite Trump complaints

China was Germany's top trading partner again in 2017, steaming past the U.S. for the second consecutive year, German data showed Wednesday.

The trade figures also showed that Germany exported less to Britain last year, a trend that trade association BGA said would continue as Britain prepares to leave the EU.

Germany's total trade with China rose to 186.6 billion euros (0 billion) last year, up from 170.2 billion in 2016, according to the figures from the Federal Statistics Office.

The U.S., which was briefly Germany's biggest trading partner in 2015 when it usurped France, remained the biggest export market for German companies, however.

The data highlights the importance of both China and the U.S. for Germany, Europe's largest economy.

U.S. President Donald Trump has criticized Germany's large global trade surplus and the data showed the U.S. had the biggest bilateral trade deficit with Germany last year, at 50.5 billion euros.

"Neither Trump's verbal attacks nor the stronger euro so far have put the brakes on exports to the U.S.," said Holger Bingmann, head of the BGA trade association.

Britain had the second-biggest bilateral trade deficit with Germany at 47.2 billion euros, and the UK and the U.S. together accounted for roughly 40 percent of Germany's global trade surplus, which edged down to 245 billion euros in 2017.

German exports to Britain dropped to 84.4 billion euros last year, down from 85.9 billion euros in 2016. It means that the UK, which was Germany's third-biggest export market in 2016, is now only its fifth most important market.

"The uncertainties created by Brexit have already had an impact and give a pre-taste of what one probably will have to expect," Bingmann said. "Already now, Britain has fallen behind two places in the list of Germany's most important export markets."

France, which was Germany's biggest trading partner for more than five decades until 2015, is now in fourth place.

The Netherlands became Germany's second-biggest trading partner.

France's bilateral trade with Germany totaled 169.4 billion euros last year, but it remained the second most important export destination for German goods with purchases of 105.2 billion euros, the data showed.

China was the third-biggest market, with exports from Germany at 86.2 billion euros.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 18 2019 07:32:44

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 18 2019 07:32:44

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 18 2019 07:32:44

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords