Overview In December 2023 Hesse exported €6.26B and imported €9.01B, resulting in a negative trade balance of €2.75B. Between December 2022 and December 2023 the exports of Hesse have increased by $126M (2.06%) from €6.13B to €6.26B, while imports decreased by €-993M (-9.92%) from €10B to €9.01B.
Trade In December 2023, the top exports of Hesse were Gold for industrial purposes (€860M), Pharmaceutical products (€772M), Other machinery (€291M), Chassis, bodies, engines etc. for motor... (€270M), and Machinery for electricity production, distribution (€265M). In December 2023 the top imports of Hesse were Pharmaceutical products (€972M), Telecommunication devices and apparatus (€608M), Mineral oil products (€559M), Motor cars and motor caravans (€462M), and Medical, surgical equipment, orthopaedic apparatus (€392M).
Destinations In December 2023, Hesse exported mostly to United Kingdom (€1.02B), United States (€712M), France (€432M), China (€360M), and Netherlands (€335M), and imported mostly from China (€1.12B), United States (€942M), Netherlands (€853M), France (€834M), and Switzerland (€389M).
Growth In December 2023, the increase in Hesse's year-by-year exports was explained primarily by an increase in exports to United States (€338M or 47.4%), Netherlands (€124M or 50.5%), and Austria (€105M or 42.4%), and product exports increase in Pharmaceutical products (€366M or 49.5%), Estimations for non-response (€165M or 16.8k%), and Other machinery (€103M or 51.4%). In December 2023, the decrease in Hesse's year-by-year imports was explained primarily by an decrease in imports from Russia (€-102M or -51.8%), Switzerland (€-101M or -15.4%), and Belgium (€-92.1M or -15.4%), and product imports decrease in Office and automatic data processing machines (€-134M or -24.2%), Petroleum oil and petroleum gases (€-112M or -99.9%), and Other semi-finished products (€-105M or -17.7%).