Lower Saxony

Overview In August 2024 Lower Saxony exported €7.89B and imported €10.4B, resulting in a negative trade balance of €2.48B. Between August 2023 and August 2024 the exports of Lower Saxony have increased by $234M (3.05%) from €7.65B to €7.89B, while imports increased by €495M (5.01%) from €9.87B to €10.4B.

Trade In August 2024, the top exports of Lower Saxony were Motor cars and motor caravans (€1.44B), Chassis, bodies, engines etc. for motor... (€549M), Estimations for non-response (€395M), Machinery for electricity production, distribution (€366M), and Other machinery (€257M). In August 2024 the top imports of Lower Saxony were Petroleum oil and petroleum gases (€1.3B), Machinery for electricity production, distribution (€1.11B), Motor cars and motor caravans (€957M), Chassis, bodies, engines etc. for motor... (€694M), and Estimations for non-response (€497M).

Destinations In August 2024, Lower Saxony exported mostly to Netherlands (€802M), United Kingdom (€612M), France (€566M), Poland (€524M), and United States (€495M), and imported mostly from Norway (€1.15B), Poland (€1.12B), China (€1.07B), Netherlands (€826M), and Czechia (€660M).

Growth In August 2024, the increase in Lower Saxony's year-by-year exports was explained primarily by an increase in exports to United Kingdom (€82M or 15.5%), Finland (€67M or 92.5%), and Italy (€64.2M or 19.6%), and product exports increase in Estimations for non-response (€175M or 79.7%), Motor cars and motor caravans (€169M or 13.3%), and Tubes, pipes of iron or steel (€66M or 141%). In August 2024, the increase in Lower Saxony's year-by-year imports was explained primarily by an increase in imports from China (€134M or 14.3%), Czechia (€117M or 21.5%), and Poland (€92.3M or 8.98%), and product imports increase in Motor cars and motor caravans (€212M or 28.5%), Machinery for electricity production, distribution (€197M or 21.6%), and Other end products (€41.3M or 79.5%).