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China still Germany’s top trade partner in first quarter, US close behind

By Thomson Reuters May 20, 2026 | 6:56 AM

BERLIN, May 20 (Reuters) – China remained Germany’s biggest trading partner in the first quarter of 2026, but only narrowly ahead of ​the United States as German exports to ‌China fell sharply, according to new calculations.

The figures are based on calculations by Reuters and Germany Trade & Invest (GTAI) using preliminary January-March data from the Federal Statistics Office.

• ‌Total ​trade in goods with China ⁠in the first quarter ⁠was €61.5 billion ($71.33 billion), ahead of €60 billion with the United States and €52.8 billion with the Netherlands. China only pushed past the United States as ​Germany’s top trade partner in 2025.

• “Over the course of the year, the United States ⁠could move back ahead of ⁠China,” GTAI expert Christina Otte said, ​referring to the small gap between the two ​countries.

• German exports to China fell 12.5% to €18 ‌billion in the first quarter, pushing China down to ninth place among buyers of German goods and risking a drop out of the ⁠top 10 this year, according to GTAI.

• Imports from China rose 6.4% to €43.5 billion and could rise further, ⁠Otte said, ‌for example if Chinese EV makers ⁠benefit from new subsidies in the ​German ‌market.

• Exports to the U.S. fell ​by 12% ⁠to about €36 billion. The United States remained the biggest market for German goods, ahead of France with €31.4 billion and the Netherlands with €29.1 billion.

($1 = 0.8621 euros)

(Reporting by Rene Wagner, writing by Kirsti KnolleEditing by ​Tomasz Janowski)