US stays by far the highest marketplace for German exporters – DW – 04/14/2025 | EUROtoday

The US is by far the most important market worldwide for German merchandise, accounting for about 10.4% of the nation’s whole exports in 2024, Germany’s Federal Statistical Office mentioned on Monday.

The workplace, which is thought by its abbreviated identify Destatis, mentioned Germany exported €161.3 billion ($183.66 billion) value of products to the US final yr, the best degree in 22 years.

The US particularly is a key international marketplace for German pharmaceutical items, with 23.8% of German pharma exports, value round €27 billion, going there in 2024.

The US can be a serious marketplace for German equipment, together with medical units and aviation applied sciences, and vehicles.

“For individual export goods, trade relations with the United States are even closer,” Destatis mentioned.

It identified, as an illustration, that 34.4% of immunological merchandise exported from Germany final yr, akin to antisera, vaccines and blood, ended up within the US. In addition, some 25.6% of exported engines and gasoline generators went there.

Germany, in the meantime, imported €91.5 billion in items from the US final yr, leading to a commerce surplus of €69.8 billion.

“Germany imports a relevant volume of its imports from the US in many areas, even though the United States is only the third-largest supplier country for German imports overall after China and the Netherlands,” Destatis mentioned.

Tariffs pose challenges to US-Germany commerce ties

While commerce relations between the US and Germany stay strong, US President Donald Trump’s tariff insurance policies have prompted important uncertainty and danger posing challenges to commerce and funding hyperlinks.

Germany, like a lot of the world, is dealing with a ten% tariff on its exports to the United States. And an additional 20% levy remains to be looming regardless of Trump granting a 90-day reprieve final week.

The tariffs come at a time when Europe’s largest financial system is already combating an absence of development, with economists predicting the commerce turmoil might put it on monitor for a 3rd yr of recession.

“Tariffs on German exports to the US hit sectors such as the pharmaceutical industry and medical technology, vehicle construction and mechanical engineering particularly hard,” Destatis warned.

“The United States is the most important sales market for many export goods from these sectors.”

Edited by: Zac Crellin