Germany and China established diplomatic relations almost 50 years ago and, since then, have become partners, both economically and politically.
China was Germany’s most important trading partner in 2019 for the fourth consecutive year,
with a volume of trade worth €206 billion (about US$249.5 billion).
In the second quarter of 2020, China surpassed the US to become Germany’s largest export market for the first time, and, according to the German Federal Statistical Office from April to June, the total value of German exports to China was close to €23 billion (about US$27.25 billion).
In October 2020, exports to China increased by 0.3 percent to €8.7 billion (about US$10.5 billion) compared with October 2019,
while goods to the value of €10 billion (about US$12 billion) imported from China (declining 3.3 percent).
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