Hamburg

Overview In January 2024 Hamburg exported €3.97B and imported €5.56B, resulting in a negative trade balance of €1.59B. Between January 2023 and January 2024 the exports of Hamburg have increased by $721M (22.2%) from €3.25B to €3.97B, while imports decreased by €-897M (-13.9%) from €6.46B to €5.56B.

Trade In January 2024, the top exports of Hamburg were Aircraft (€1.21B), Mineral oil products (€379M), Gold for industrial purposes (€292M), Other chemical final products (€120M), and Copper and copper alloys, incl. waste,... (€111M). In January 2024 the top imports of Hamburg were Aircraft (€652M), Mineral oil products (€307M), Office and automatic data processing machines (€257M), Petroleum oil and petroleum gases (€222M), and Other raw materials inclusive waste (€196M).

Destinations In January 2024, Hamburg exported mostly to France (€476M), United States (€424M), China (€316M), United Kingdom (€274M), and Hungary (€260M), and imported mostly from United States (€951M), China (€632M), France (€431M), Netherlands (€358M), and Poland (€245M).

Growth In January 2024, the increase in Hamburg's year-by-year exports was explained primarily by an increase in exports to United States (€201M or 164%), India (€161M or 194%), and Turkey (€98.2M or 402%), and product exports increase in Aircraft (€133M or 19.7%), Fertilizers (€75.9M or 82.5%), and Other chemical final products (€68.1M or 148%). In January 2024, the decrease in Hamburg's year-by-year imports was explained primarily by an decrease in imports from China (€-196M or -20.2%), Chile (€-69.6M or -55.4%), and Peru (€-62.7M or -72.4%), and product imports decrease in Copper ores (€-96.9M or -29%), Estimations for exemptions (€-85.6M or -57%), and Tar and products of tar distillation (€-51M or -78.6%).