Overview In August 2022 Hesse exported €6.65B and imported €11.2B, resulting in a negative trade balance of €4.52B. Between August 2021 and August 2022 the exports of Hesse have increased by $1.27B (23.6%) from €5.38B to €6.65B, while imports increased by €1.15B (11.5%) from €10B to €11.2B.
Trade In August 2022, the top exports of Hesse were Pharmaceutical products (€940M), Other prefabricated chemicals (€458M), Other machinery (€326M), Machinery for electricity production, distribution (€315M), and Chassis, bodies, engines etc. for motor... (€302M). In August 2022 the top imports of Hesse were Pharmaceutical products (€1.08B), Telecommunication devices and apparatus (€651M), Other semi-finished products (€505M), Motor cars and motor caravans (€500M), and Office and automatic data processing machines (€489M).
Destinations In August 2022, Hesse exported mostly to United States (€932M), France (€473M), Poland (€422M), Austria (€385M), and Netherlands (€328M), and imported mostly from United States (€1.54B), Netherlands (€845M), France (€710M), Switzerland (€669M), and Italy (€439M).
Growth In August 2022, the increase in Hesse's year-by-year exports was explained primarily by an increase in exports to United States (€155M or 26.8%), China (€35M or 11.9%), and Switzerland (€28.9M or 14.2%), and product exports increase in Other semi-finished products (€135M or 53.2%), Other prefabricated chemicals (€28.9M or 7.16%), and Pharmaceutical products (€20.3M or 3.8%). In August 2022, the increase in Hesse's year-by-year imports was explained primarily by an increase in imports from Russia (€175M or 63.1%), South Africa (€119M or 62.7%), and Vietnam (€93.5M or 53.1%), and product imports increase in Other semi-finished products (€407M or 96.5%), Petroleum oil and petroleum gases (€135M or 68.6%), and Other chemical final products (€121M or 81.1%).