Overview: In January 2021 Lower Saxony exported β¬5.91B and imported β¬7.2B, resulting in a negative trade balance of β¬1.29B. Between January 2020 and January 2021 the exports of Lower Saxony have decreased by $-802M (-11.9%) from β¬6.71B to β¬5.91B, while imports decreased by β¬-571M (-7.35%) from β¬7.77B to β¬7.2B.
Trade: In January 2021, the top exports of Lower Saxony were Chassis, bodies, engines etc. for motor... (β¬621M), Motor cars and motor caravans (β¬547M), Machinery for electricity production, distribution (β¬319M), Other machinery (β¬232M), and Articles of plastic (β¬205M). In January 2021 the top imports of Lower Saxony were Petroleum oil and petroleum gases (β¬884M), Machinery for electricity production, distribution (β¬588M), Motor cars and motor caravans (β¬477M), Chassis, bodies, engines etc. for motor... (β¬446M), and Estimations for non-response (β¬319M).
Destinations: In January 2021, Lower Saxony exported mostly to Netherlands (β¬629M), France (β¬457M), Poland (β¬352M), United Kingdom (β¬347M), and United States (β¬310M), and imported mostly from Poland (β¬914M), Norway (β¬712M), China (β¬636M), Netherlands (β¬554M), and Italy (β¬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 (β¬-117M or -20.3%), United Kingdom (β¬-87.4M or -20.1%), and China (β¬-81.3M or -25.5%), and product exports decrease in Motor cars and motor caravans (β¬-435M or -44.3%), Meat and meat products (β¬-122M or -42.9%), and Estimations for non-response (β¬-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 (β¬-181M or -46.6%), China (β¬-96.6M or -13.2%), and United States (β¬-89.5M or -25.7%), and product imports decrease in Chassis, bodies, engines etc. for motor... (β¬-217M or -32.7%), Aircraft (β¬-91.9M or -53.8%), and Fish and crustaceans, molluscs (β¬-79.4M or -47.5%).