KEY POINTS

  • After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as the year progresses.
  • Combined exports and imports between Germany and the U.S. totaled 63 billion euros ($68 billion) between January and March of 2024, while trade with China came to just below 60 billion euros.
  • Germany has adapted its China strategy, urging companies to “de-risk” from the country last year.