Lower Saxony

Overview: In January 2021 Lower Saxony exported €5.91B and imported €7.2B, resulting in a negative trade balance of €1.29B. Between January 2020 and January 2021 the exports of Lower Saxony have decreased by $-802M (-11.9%) from €6.71B to €5.91B, while imports decreased by €-571M (-7.35%) from €7.77B to €7.2B.

Trade: In January 2021, the top exports of Lower Saxony were Chassis, bodies, engines etc. for motor... (€621M), Motor cars and motor caravans (€547M), Machinery for electricity production, distribution (€319M), Other machinery (€232M), and Articles of plastic (€205M). In January 2021 the top imports of Lower Saxony were Petroleum oil and petroleum gases (€884M), Machinery for electricity production, distribution (€588M), Motor cars and motor caravans (€477M), Chassis, bodies, engines etc. for motor... (€446M), and Estimations for non-response (€319M).

Destinations: In January 2021, Lower Saxony exported mostly to Netherlands (€629M), France (€457M), Poland (€352M), United Kingdom (€347M), and United States (€310M), and imported mostly from Poland (€914M), Norway (€712M), China (€636M), Netherlands (€554M), and Italy (€391M).

Growth: In January 2021, the decrease in Lower Saxony's year-by-year exports was explained primarily by an decrease in exports to France (€-117M or -20.3%), United Kingdom (€-87.4M or -20.1%), and China (€-81.3M or -25.5%), and product exports decrease in Motor cars and motor caravans (€-435M or -44.3%), Meat and meat products (€-122M or -42.9%), and Estimations for non-response (€-54.3M or -23.2%). In January 2021, the decrease in Lower Saxony's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (€-181M or -46.6%), China (€-96.6M or -13.2%), and United States (€-89.5M or -25.7%), and product imports decrease in Chassis, bodies, engines etc. for motor... (€-217M or -32.7%), Aircraft (€-91.9M or -53.8%), and Fish and crustaceans, molluscs (€-79.4M or -47.5%).