US-German Trade Worth $188b
World Economy

US-German Trade Worth $188b

A fresh survey from Germany’s statistics office has shown that the United States has overtaken France to become Germany’s most important trading partner in 2015, DW reported. Europe’s economic powerhouse logged a huge surplus. The National Statistics Office (Destatis) announced Wednesday the United States last year overtook France to become Germany’s most important trading partner for the first time since the mid-1970s. “According to provisional data, goods worth a total of €173.2 billion ($188 billion) changed hands between Germany and the US in 2015,” Destatis said in a statement. “That meant the US was Germany’s most important trading partner last year, followed by France with €170.1 billion worth of goods and the Netherlands with €167.6 billion.” A weak euro and robust US growth saw most German exports go to the US in 2015, with German shipments there totaling €113.9 billion. Thus Germany exported €54.6 billion more to the US than it imported from the United States.

Short URL : http://goo.gl/NOJIa1
  1. http://goo.gl/04V0uB
  • http://goo.gl/1hA2sc
  • http://goo.gl/fNTq1s
  • http://goo.gl/jUQ0rE
  • http://goo.gl/nCp80C

You can also read ...

Automation is eroding jobs.
As workers struggle with the uneven fruits of globalization...
Pedestrians are reflected on a window displaying share prices of the Tokyo Stock Exchange in Tokyo on October 23, 2017.
Asian stocks ended broadly higher on Monday after the US...
Escaping Middle Income Trap  a Challenge for Malaysia
S&P Global Ratings expects that Malaysia’s objective to...
Venezuela is already late on $350 million of interest payments.
Ever since the price of oil collapsed in mid-2014, there’s...
Vietnam Confident of 6.7% Growth
Vietnam is confident it will meet its goal of 6.7% economic...
Just a third of companies say that Brexit has had no impact on their plans.
Investment by Britain’s manufacturers has seen a reality check...
Kobe Steel Faces Key Debt Test
As Kobe Steel Ltd becomes increasingly embroiled in a data...
Brazil Watchdog to Reject Oi Plan
Brazil’s telecoms regulator Anatel on Monday is set to reject...