China Germany's key trading partner in 2021 for 6th consecutive year

21 Feb '22

1 min read

Pic: Shutterstock

China was Germany's most important trading partner in 2021 for the sixth year in a row, according to the Federal Statistical Office (Destatis), which recently said total foreign trade revenues between Germany and China increased by 15.1 percent year on year as goods worth €245.4 billion ($279.1 billion) were traded between the countries in 2021.

The Netherlands and the United States followed second and third, with trade revenues of €206.1 billion and €194.1 billion, growing by 20.1 per cent and 13.4 per cent respectively.

"China's importance for German imports is growing steadily," Destatis noted. In 1980, China was still ranked 35th among the most important importing countries, and by 1990 it already jumped to 14th position.

Since 2015, China has been Germany's most important country for imports, according to Destatis. Goods worth €141.7 billion were imported from China in 2021, an increase of 20.8 per cent year on year.

The United States was the biggest customer country for German exports in 2021, unchanged since 2015. China and France followed second and third.

ALCHEMPro News Desk (DS)

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