Overview: In January 2021 North Rhine-Westphalia exported €14.6B and imported €18.4B, resulting in a negative trade balance of €3.81B. Between January 2020 and January 2021 the exports of North Rhine-Westphalia have decreased by $-1.04B (-6.65%) from €15.6B to €14.6B, while imports decreased by €-2.18B (-10.6%) from €20.6B to €18.4B.
Trade: In January 2021, the top exports of North Rhine-Westphalia were Plastics (€741M), Chassis, bodies, engines etc. for motor... (€711M), Pharmaceutical products (€689M), Other articles of iron, iron sheet,... (€636M), and Machinery for electricity production, distribution (€603M). In January 2021 the top imports of North Rhine-Westphalia were Petroleum oil and petroleum gases (€1.44B), Office and automatic data processing machines (€1.16B), Estimations for non-response (€1.11B), Pharmaceutical products (€972M), and Motor cars and motor caravans (€798M).
Destinations: In January 2021, North Rhine-Westphalia exported mostly to Netherlands (€1.63B), France (€1.32B), Belgium (€1.01B), United States (€906M), and China (€853M), and imported mostly from Netherlands (€3.12B), China (€2.89B), Belgium (€904M), France (€885M), and Poland (€804M).
Growth: In January 2021, the decrease in North Rhine-Westphalia's year-by-year exports was explained primarily by an decrease in exports to United States (€-218M or -19.4%), United Kingdom (€-199M or -24.9%), and France (€-134M or -9.24%), and product exports decrease in Estimations for non-response (€-125M or -20.3%), Meat and meat products (€-116M or -37.5%), and Mineral oil products (€-91.3M or -36.6%). In January 2021, the decrease in North Rhine-Westphalia's year-by-year imports was explained primarily by an decrease in imports from Netherlands (€-552M or -15.1%), United Kingdom (€-401M or -49.7%), and France (€-270M or -23.4%), and product imports decrease in Mineral oil products (€-391M or -53.2%), Petroleum oil and petroleum gases (€-358M or -19.9%), and Motor cars and motor caravans (€-340M or -29.9%).