In a notable shift, the United States has overtaken China as Germany's primary trading partner for the first time since 2015, with trade volumes amounting to 252.8 billion euros. This decline in trade with China, down 3.1%, alongside the overall drop across several countries, indicates changing global economic dynamics. Germany's economy hasn't seen substantial growth for five years and has faced competition from China, contributing to economic contractions in the past two years. With elections approaching, addressing these economic challenges will be critical for the new government.
The United States has become Germany's biggest single trading partner last year, marking a shift that highlights changing economic dynamics globally.
Trade with China, which previously led as Germany's largest trading partner, dropped significantly, reflecting the shifting trends in global trade and investment.
Germany's economy has faced challenges including increased competition from China, leading to a contraction over the past two years and necessitating urgent action post-election.
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