The US has surpassed China as Germany’s biggest trader. The US and Germany traded 68 billion dollars between January and March 2024, which was more than the 60 billion euros with China.

Real Research, an online survey app, revealed that 67% of respondents were aware of the US being Germany’s biggest trading partner, and 33% weren’t.

Highlights:

  • 95% of the respondents are concerned about the increase in tensions between the European Union and China.
  • 8 out of 10 found it likely that China’s share of German exports will drop below 6%
  • 87% (somewhat: 53.62% + highly: 32.9%) found it likely that Germany’s global economic position will be stronger due to its trading with the US.

US Being Germany’s Biggest Trading Partner

71% of the respondents think the US being Germany’s biggest trading partner, would enhance diplomatic relations between the two countries, while 29% do not believe so.

US-being-Germanys-biggest-trading-partner
Figure 1: Will the US being Germany’s biggest trading partner, enhance their diplomatic relations?

European Union

Tensions have also increased between the European Union and China, with the two launching investigations into each other’s trade practices and threatening to slap tariffs on imports. The majority, 95% of the respondents (extremely concerned: 53.6% + somewhat concerned: 41.2%), were concerned about this, and 5% were not concerned at all.

tension-between-the-European-Union-and-China
Figure 2: Respondents concern on the tension between the European Union and China

US Overtakes China as Germany’s Top Trading Partner

The US accounts for around 10% of German goods exports, while China’s share has fallen to less than 6%. 86.76% of respondents (somewhat likely: 55.4 + highly likely: 31.72%) found it likely that China’s share will go lower than 6%. 11% found it somewhat unlikely, and 2% found it highly unlikely.

Chinas-share-falling
Figure 3: The likelihood of China’s share falling below 6%

The German Economic Institute (IW)

China’s share of goods exported decreased. “The fact that the Chinese economy is performing worse than many had hoped, while the US economy is exceeding expectations, is presumably contributing to this,” said Matthes, from the German economic institute IW. 67% of respondents agreed with his statement, while 33% did not.

Companies Profiting from Germany-US Trade

68% of respondents said they would consider investing in companies that benefit from the increased trade between Germany and the United States, and 32% said they wouldn’t.

Germany’s Global Economic Position

A survey on the US being Germany’s biggest trading partner revealed that 87% of respondents (somewhat: 53.62% + highly: 32.9%) found it likely that Germany’s global economic position will be stronger due to its trading with the US.

Methodology

 
Survey TitleSurvey On The US Being Germany’s Biggest Trading Partner
DurationMay 22 – May 31, 2024
Number of Participants5,000
DemographicsMales and females, aged 21 to 99
Participating Countries Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia, Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe.