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.

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