The trade volume between China and Germany reached a historic high 2023

Xinhua News Agency, Beijing, February 10th (Xinhua) - Reuters reported on February 10th that the trade volume between China and Germany reached a historic high last year. The abstract of the article is as follows:


The trade volume between Germany and China reached a record high last year, with China becoming Germany's most important trading partner for the seventh consecutive year.


According to data obtained by Reuters from the German Bureau of Statistics, the commodity trading volume between the two countries is approximately 298 billion euros, an increase of about 21% from 2021.


In 2022, Germany imported goods worth approximately 191 billion euros from China, an increase of one-third from 2021; Germany's exports of goods to China increased by 3.1% to around 107 billion euros.


Lucas Menckhoff, head of the global economics department at the German Institute of Economics, said that Germany relies on China for key raw materials, which is necessary for the transition towards cleaner energy and transportation.