eTourui eToro:Explosive! China becomes Germany's largest trading partner for the first time

eTourui eToro:Explosive! China becomes Germany's largest trading partner for the first time

according toGermanyFederal Bureau of Statistics（FSO）The officially announced data shows that in the just passed2016In the middle of the year, China surpassed the United States and France to become the largest country in Germany for the first timeTrade partnersThe United States and GermanyTotal trade volumeThen it slid down to third place.
FSOData statistics,2016In, the trade volume of Germany's imports and exports from China increased to1700100 million euros（1800USD100mn France retained Germany's position as the second largest trading partner, with a total trade volume of1670Billion euros. The total trade volume between the United States and Germany, which ranks third, is1650Billion euros.
review2015In, according to Eurostat statistics,2015The annual bilateral trade volume between China and Germany is1562.8Billion US dollars, decrease13.2%. Among them, Germany exports to China797.0Billion US dollars, decrease19.8%, accounting for% of Germany's total exports6.0%, reduce0.7Percentage points; Germany imports from China765.7Billion US dollars, decrease5.1%, accounting for7.3%, improve0.6One percentage point. The trade surplus between Germany and China is31.3Billion US dollars, decrease83.3%. China is Germany's fifth largest export market and third largest source of imports.
Obviously,2016For Germany and China, the year is closely linked economically.
This development situation may also be beneficial to the German government, especially recently when newly elected US President Trump and his government proposed high tariffs on German imports and accused Germany of manipulating the euro exchange rate, believing that Germany is using“Serious underestimation”The euro has gained a huge trade surplus, taking advantage of other countries.
Merkel expressed opposition to unilateral import tariff measures, stating that if the new US government supports such protectionist measures, Germany will have to make decisions on how to respond. For the President of the United StatesTrumpThe German government has no reason to speculate and must observe the actions of the US government before deciding whether to respond to the threat of imposing tariffs on German imports.
It should be noted that although China has become Germany's largest trading partner globally, it is showing a pattern of gradual recovery in foreign trade. However, there are also some areas that require rational thinking and objective treatment, and cannot be blindly optimistic. Firstly, from the perspective of import and export structure, the United States remains the country with the largest export scale to Germany. China is only higher than the United States in terms of imports from Germany. From this perspective, when China and the United States engage in trade relations with Germany, the import and export structure of the United States may be more reasonable and optimized than that of China.
Secondly, from the perspective of product structure, the products exported from the United States to Germany are mainly high-end equipment manufacturing. The United States has shown stronger market competitiveness and leadership, while China mainly focuses on ordinary commodities such as textiles, metal products, plastic products, electrical products, etc., especially various low-end industrial products, which have lower gold content.
Furthermore, in terms of trade relations, Germany has more trade frictions with China than the United States. The reason why the United States fell from being the largest trading partner with Germany to the third largest is mainly due to increased domestic demand.
Therefore, there are still many aspects of efforts between China and Germany, with enormous development potential.
Alright, let's end the heavy ideological and political topic and popularize Germany's excellent industries and brands.
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