Overview In May 2021 North Rhine-Westphalia exported €16.5B and imported €20.5B, resulting in a negative trade balance of €4.02B. Between May 2020 and May 2021 the exports of North Rhine-Westphalia have increased by $4.2B (34.3%) from €12.3B to €16.5B, while imports increased by €4.21B (25.9%) from €16.3B to €20.5B.
Trade In May 2021, the top exports of North Rhine-Westphalia were Pharmaceutical products (€928M), Plastics (€805M), Other articles of iron, iron sheet,... (€747M), Chassis, bodies, engines etc. for motor... (€686M), and Machinery for electricity production, distribution (€637M). In May 2021 the top imports of North Rhine-Westphalia were Petroleum oil and petroleum gases (€1.41B), Estimations for non-response (€1.31B), Pharmaceutical products (€1.03B), Office and automatic data processing machines (€989M), and Motor cars and motor caravans (€740M).
Destinations In May 2021, North Rhine-Westphalia exported mostly to Netherlands (€1.87B), France (€1.4B), United States (€1.06B), Belgium (€1.05B), and Poland (€1.01B), and imported mostly from Netherlands (€3.69B), China (€2.64B), Belgium (€1.22B), France (€1.04B), and Poland (€975M).
Growth In May 2021, the increase in North Rhine-Westphalia's year-by-year exports was explained primarily by an increase in exports to Netherlands (€454M or 32%), France (€397M or 39.4%), and Poland (€394M or 64.5%), and product exports increase in Chassis, bodies, engines etc. for motor... (€300M or 77.4%), Plastics (€284M or 54.4%), and Other articles of iron, iron sheet,... (€241M or 47.6%). In May 2021, the increase in North Rhine-Westphalia's year-by-year imports was explained primarily by an increase in imports from Netherlands (€949M or 34.6%), Belgium (€441M or 56.7%), and Russia (€219M or 149%), and product imports increase in Petroleum oil and petroleum gases (€563M or 66.2%), Mineral oil products (€395M or 148%), and Estimations for non-response (€318M or 31.9%).