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== Economic relations ==
[[File:United States Balance of Trade Deficit-pie chart.svg|thumb|U.S. trade deficit (in billions, goods only) by country in 2014]]
Economic relations between Germany and the United States are very important. The [[Transatlantic Economic Partnership]] between the US and the EU, which was launched in 2007 on Germany's initiative, and the subsequently created [[Transatlantic Economic Council]] open up additional opportunities. The US is Germany's principal trading partner outside the EU and Germany is the US's most important trading partner in Europe. In terms of the total volume of U.S. bilateral trade (imports and exports), Germany remains in fourth place, behind Canada, China and Mexico. The US ranks fourth among Germany's trading partners, after the Netherlands, China and France. In 2023, bilateral trade was worth $
{| class="wikitable"
|+Germany-United States goods trade in billions of U.S. dollars (1985−2023)<ref name=":1" />
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!2015
!2020
!2023
|-
|US exports to Germany
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|50.0
|58.0
|76.7
|-
|US imports from Germany
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|124.9
|114.9
|159.3
|-
|Trade balance
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|−74.9
|−56.9
|−82.6
|}
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