Overview In May 2021 Hesse exported €5.67B and imported €10.4B, resulting in a negative trade balance of €4.74B. Between May 2020 and May 2021 the exports of Hesse have increased by $1.47B (35.1%) from €4.2B to €5.67B, while imports increased by €3.1B (42.3%) from €7.32B to €10.4B.
Trade In May 2021, the top exports of Hesse were Pharmaceutical products (€678M), Other prefabricated chemicals (€567M), Other semi-finished products (€410M), Other chemical final products (€263M), and Other machinery (€261M). In May 2021 the top imports of Hesse were Other semi-finished products (€1.11B), Pharmaceutical products (€917M), Gold for industrial purposes (€638M), Motor cars and motor caravans (€396M), and Office and automatic data processing machines (€390M).
Destinations In May 2021, Hesse exported mostly to United States (€798M), France (€398M), Poland (€393M), China (€366M), and Italy (€290M), and imported mostly from United States (€1.16B), China (€1.13B), Switzerland (€967M), United Kingdom (€599M), and Belgium (€526M).
Growth In May 2021, the increase in Hesse's year-by-year exports was explained primarily by an increase in exports to United States (€259M or 47.9%), Poland (€210M or 116%), and France (€136M or 52%), and product exports increase in Other prefabricated chemicals (€388M or 217%), Other semi-finished products (€155M or 60.6%), and Other machinery (€106M or 68.9%). In May 2021, the increase in Hesse's year-by-year imports was explained primarily by an increase in imports from Switzerland (€445M or 85.1%), United Kingdom (€366M or 157%), and South Africa (€364M or 427%), and product imports increase in Other semi-finished products (€743M or 201%), Gold for industrial purposes (€442M or 226%), and Other ores and ashes of metals (€174M or 194%).