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US Becomes Largest Market for German Exports in Over Two Decades

Recent data shows the US accounted for 10.4% of German exports in 2024, with sectors like pharmaceuticals, aerospace, and optical products driving record trade figures.

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Overview

  • The US accounted for 10.4% of German exports in 2024, valued at 161.3 billion euros, the highest share since 2002.
  • Pharmaceutical exports to the US made up 23.8% of Germany's total in the sector, valued at 27.0 billion euros, with this category exempt from US tariff increases.
  • Aerospace exports to the US reached 5.8 billion euros, representing 17.1% of Germany's total in the sector.
  • The US also imported 11.8 billion euros of German optical and photographic products, accounting for 14.9% of these exports.
  • While the US is Germany's top export market, it ranks as the third-largest import source, supplying 7.0% of Germany’s imports, valued at 91.5 billion euros.