Huge jump in China-Germany trade in 2010

8th March 2011, Comments 0 comments

Trade between Germany and China registered a hefty jump last year, with Beijing becoming Berlin's third-largest trading partner and biggest overall provider of imports, data released Tuesday showed.

Bilateral trade between the world's two biggest exporters rose by 38.5 percent last year to 130.2 billion euros ($181.6 billion), according to the national statistic office's provisional data.

As a trading partner, China was nevertheless behind France and the Netherlands, which had 152.4 and 132 billion euros in trade respectively with their German neighbour.

China is poised to overtake the Netherlands in the near future, accounting for 7.4 percent of all German trade, compared to 7.5 percent for the Dutch.

Germany imported more goods from China than from any other country, with 76.5 billion euros imported in 2010, a 35-percent jump.

In terms of exports, France was the biggest buyer of German goods, as it has been since 1961, followed by the United States and the Netherlands.

© 2011 AFP

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