Lower Saxony

Overview In December 2024 Lower Saxony exported €7.37B and imported €10.1B, resulting in a negative trade balance of €2.76B. Between December 2023 and December 2024 the exports of Lower Saxony have increased by $336M (4.78%) from €7.03B to €7.37B, while imports increased by €658M (6.95%) from €9.47B to €10.1B.

Trade In December 2024, the top exports of Lower Saxony were Motor cars and motor caravans (€1.13B), Chassis, bodies, engines etc. for motor... (€479M), Machinery for electricity production, distribution (€418M), Other machinery (€268M), and Other end products (€258M). In December 2024 the top imports of Lower Saxony were Petroleum oil and petroleum gases (€1.92B), Machinery for electricity production, distribution (€925M), Motor cars and motor caravans (€771M), Chassis, bodies, engines etc. for motor... (€512M), and Aircraft (€338M).

Destinations In December 2024, Lower Saxony exported mostly to Netherlands (€791M), United States (€542M), France (€517M), Poland (€509M), and Spain (€397M), and imported mostly from Norway (€1.77B), China (€1.08B), Poland (€985M), Netherlands (€665M), and Spain (€462M).

Growth In December 2024, the increase in Lower Saxony's year-by-year exports was explained primarily by an increase in exports to Spain (€186M or 88.1%), Ukraine (€89M or 93%), and United States (€63.3M or 13.2%), and product exports increase in Machinery for electricity production, distribution (€140M or 50.3%), Motor cars and motor caravans (€101M or 9.75%), and Tar and products of tar distillation (€91M or 10.1k%). In December 2024, the increase in Lower Saxony's year-by-year imports was explained primarily by an increase in imports from China (€336M or 45.3%), Norway (€294M or 20%), and Spain (€105M or 29.4%), and product imports increase in Petroleum oil and petroleum gases (€247M or 14.8%), Machinery for electricity production, distribution (€210M or 29.4%), and Motor cars and motor caravans (€178M or 30.1%).