In 2024, the US continued to be Germany's largest market, responsible for 10.4% of total exports, equating to approximately 161.3 billion in goods. The trade relationship is especially notable in the pharmaceutical sector, where nearly a quarter of German pharma exports are destined for the US. Additionally, the US is a significant importer of German machinery and automotive products. Despite a healthy trade flow, US tariffs introduced under former President Trump present challenges, causing uncertainty for future trade and investments between the two nations.
Germany exported 161.3 billion worth of goods to the US last year, the highest level in 22 years, highlighting the strong bilateral trade relations.
The US is a key market for German pharmaceutical goods, with 23.8% of German pharma exports going there in 2024.
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