Germany's trade surplus with the USA decreased by 15% in the first seven months of the year, reaching 34.6 billion euros, due to new customs duties.
Delia Niculescu
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International
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In July 2023, Germany reported its lowest trade surplus with the USA since 2021, with a 15% decrease compared to the previous year, reaching 34.6 billion euros. Although the United States remains Germany's main trading partner, the introduction of 15% tariffs on most imports from the EU is affecting trade. German exports to the USA decreased by 5.3%, while imports increased by 2.2%. This marks a significant change in a trade relationship that has been consistently favorable to Germany for over three decades.
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