China overtakes US, France as Germany’s biggest trading partner, for first time


China for the first time became Germany’s most important trading partner in 2016, overtaking the United States.

The USA fell back to third place behind France in the data shown recently. German imports from and exports to China rose to 170 billion euros ($180 billion) in 2016, Federal Statistics Office figures reviewed by Reuters showed.
Neighboring France remained the second-most important business partner with a combined trade volume of 167 billion euros. The United States came in third with 165 billion euros.
Source- The Financial Express

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