True or False Quiz: EU, Germany & U.S. Trade – (2024)

True or False Quiz: EU, Germany & U.S. Trade – (2024) | Business Englisch Lernen

EU-U.S. Trade in Goods (2024)

EU Exports to the U.S.: €531.6 billion - Link
- This represents a 5.5% increase compared to 2023. The Guardian
EU Imports from the U.S.: €333.4 billion - Global Economic Data
- This marks a 4.0% decline from the previous year. European Commission
Trade Surplus: €198.2 billion - Bureau of Economic Analysis
- The EU had a trade surplus of €198.2 billion with the U.S. in 2024. European Commission

U.S.-Germany Trade in Goods (2024)

U.S. Exports to Germany: $75.6 billion - Statista
- This reflects a 1.4% decrease from 2023. Voronoi App
U.S. Imports from Germany: $160.4 billion - Census.gov+1Trading Economics+1
- This is a 0.7% increase compared to the previous year. Voronoi App
Trade Deficit: $84.8 billion
- The U.S. trade deficit with Germany widened by 2.7% in 2024. Census.gov

Germany-U.S. Trade in Goods (2024)

Total Trade Volume: €252.8 billion - United States Trade Representative
- This figure represents the combined value of exports and imports between Germany and the U.S., making the U.S. Germany's largest trading partner in 2024.

These figures underscore the significant economic relationships between the EU, the U.S., and Germany, highlighting substantial trade volumes and notable trade imbalances in 2024.

True or False – EU, Germany & U.S. Trade (2024)

1. The European Union exported over €500 billion worth of goods to the United States in 2024. ______

2. The United States had a trade surplus with Germany in 2024. ______

3. Germany's total trade volume with the U.S. in 2024 was over €250 billion. ______

4. EU imports from the U.S. increased in 2024 compared to the previous year. ______

5. The U.S. imported more goods from Germany than it exported to Germany in 2024. ______

6. Germany was the United States’ smallest trading partner in Europe in 2024. ______

7. The EU had a trade surplus of nearly €200 billion with the U.S. in 2024. ______

8. The U.S. trade deficit with Germany widened in 2024. ______

9. In 2024, the EU's exports to the U.S. decreased compared to 2023. ______

10. Christian Lindner is the U.S. Secretary of the Treasury. ______

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