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Germany increases imports from China

Germany wants to become less dependent on China. In truth, however, German consumers and companies are moving in the opposite direction: Germany is buying more and more goods from China. Disentanglement seems illusory for the moment.
By
Frank Sieren
Image of Frank Sieren

In 2022, a decades-long trade trend reached a new peak: Germany imported more goods from China than ever before. Imports reached a record level of €195 billion. The value of goods purchased from China increased in one fell swoop by 37 percent, or around €50 billion, compared to the previous year. This is the estimate of Germany Trade & Invest (GTAI). “This increases the dependence on the Chinese procurement market,” the experts conclude.

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