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US surpasses China as Germany's top trading partner in Q1, with trade volume at €63bn ($68bn).
The US has become Germany's top trading partner for the first time in Q1, with trade volume at €63bn ($68bn), surpassing China's €59.5bn. This shift is attributed to Germany's exports to the US increasing due to a robust economy, while exports to and imports from China have decreased. Additionally, China has moved up the value chain ladder, now producing more complex goods it previously imported from Germany.
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