Data from Germany's Statistics Office has shown that for the first time since 1961, the United States became Germany's largest trading partner in 2015, according to Reuters.
In 2015 alone, exports to the U.S. showed a dramatic increase, rising 19 percent to $127 billion, as compared to the increase in French purchases, which amounted to an increase of 2.5 percent to $1.44 billion.
France had been Germany's traditional largest trading partner for years, but due to recent economic trends, especially the general weakening of the Euro, as well as the increase in demand in the United States for products made in Germany, that changed, reports The Ticker Report.
The U.S. economy has started to surge once more, riding on the strengthening dollar, with the Organization for Economic Cooperation and Development (OCED) expecting the gross domestic product of the U.S. to increase 2 percent in 2016. In contrast, the OCED expects France's GDP to increase only 1.2 percent in 2016, partly affected by the Euro, which has lost about a fifth of its value against the dollar since the middle of 2014, reports The International Business Times.
Germany's economy relies significantly on its exports, with the country being the third-largest exporter in the world. Germany's top exports come in the form of cars, machines, engines and electronic equipment, as well as medical supplies.
