Overview: In January 2021 Hesse exported €5.07B and imported €8.57B, resulting in a negative trade balance of €3.5B. Between January 2020 and January 2021 the exports of Hesse have decreased by $-132M (-2.53%) from €5.2B to €5.07B, while imports decreased by €-226M (-2.57%) from €8.79B to €8.57B.
Trade: In January 2021, the top exports of Hesse were Pharmaceutical products (€555M), Other prefabricated chemicals (€433M), Other semi-finished products (€388M), Other chemical final products (€273M), and Machinery for electricity production, distribution (€241M). In January 2021 the top imports of Hesse were Other semi-finished products (€828M), Pharmaceutical products (€640M), Telecommunication devices and apparatus (€553M), Office and automatic data processing machines (€407M), and Motor cars and motor caravans (€395M).
Destinations: In January 2021, Hesse exported mostly to United States (€731M), France (€375M), Poland (€363M), China (€329M), and Austria (€271M), and imported mostly from China (€1.02B), United States (€916M), Switzerland (€572M), Belgium (€545M), and France (€490M).
Growth: In January 2021, the decrease in Hesse's year-by-year exports was explained primarily by an decrease in exports to United Kingdom (€-162M or -52.5%), Spain (€-50M or -25.6%), and Portugal (€-17.9M or -26.7%), and product exports decrease in Motor cars and motor caravans (€-85.6M or -47.9%), Estimations for non-response (€-29.3M or -19.3%), and Machinery for electricity production, distribution (€-23.2M or -8.77%). In January 2021, the decrease in Hesse's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (€-303M or -57.7%), United States (€-163M or -15.1%), and Netherlands (€-124M or -30%), and product imports decrease in Gold for industrial purposes (€-157M or -43.7%), Mineral oil products (€-134M or -81.3%), and Measuring and automatical control instruments (€-130M or -40.7%).