The office announced later that week, in Wiesbaden German companies Last year, goods worth 157.9 billion euros were exported to the United States, which constitutes 9.9 percent of total German exports, the highest percentage recorded in the past 20 years.
According to the data, it is US The largest buyer of German products for the ninth year in a row, and at the forefront of these products are medicines, machinery and cars.
This trend also continued in the first half of 2024, the Census Bureau noted.
According to the data, imports from the United States to Germany also grew significantly, but not at the same pace as exports.
In 2023, Germany imported American goods worth 94.7 billion euros, constituting 6.9 percent of total German imports, the highest value since 2004.
This led to a surplus in Germany’s trade balance with the United States of 63.3 billion euros last year. In the first half of the year, the German trade balance surplus amounted to 34.7 billion euros. Germany does not achieve a higher surplus in its trade balance with any other country in the world.
The American and German economies are closely intertwined; Last year, 11.5 percent of all foreign-controlled companies in… Germany – Which number about 38,500 companies – owned by a parent company in the United States of America. And I surpassed her Switzerland With a share of 12.8 percent.
The 4,400 American companies in Germany employ about 775,000 people and achieve annual sales worth 416.5 billion euros. In return, it manages German institutions – according to the bank German Central Bank – 6,100 companies in the United States, employing 965,000 workers with annual sales estimated at 828 billion euros.
