North Rhine-Westphalia

Overview In August 2024 North Rhine-Westphalia exported €17.9B and imported €22.6B, resulting in a negative trade balance of €4.71B. Between August 2023 and August 2024 the exports of North Rhine-Westphalia have decreased by $-698M (-3.75%) from €18.6B to €17.9B, while imports decreased by €-299M (-1.3%) from €22.9B to €22.6B.

Trade In August 2024, the top exports of North Rhine-Westphalia were Estimations for non-response (€1.06B), Pharmaceutical products (€918M), Plastics (€692M), Other articles of iron, iron sheet,... (€690M), and Other machinery (€680M). In August 2024 the top imports of North Rhine-Westphalia were Petroleum oil and petroleum gases (€1.6B), Estimations for non-response (€1.57B), Pharmaceutical products (€1.47B), Office and automatic data processing machines (€947M), and Motor cars and motor caravans (€873M).

Destinations In August 2024, North Rhine-Westphalia exported mostly to Netherlands (€2.08B), France (€1.32B), United States (€1.24B), Belgium (€1.22B), and Poland (€1.18B), and imported mostly from China (€3.13B), Netherlands (€2.96B), United States (€1.38B), Belgium (€1.26B), and Poland (€1.04B).

Growth In August 2024, the decrease in North Rhine-Westphalia's year-by-year exports was explained primarily by an decrease in exports to United States (€-248M or -16.6%), Mexico (€-118M or -36.3%), and China (€-81.5M or -9.28%), and product exports decrease in Plates and sheets of iron or... (€-276M or -36.6%), Chassis, bodies, engines etc. for motor... (€-190M or -25.3%), and Tubes, pipes of iron or steel (€-153M or -43.4%). In August 2024, the decrease in North Rhine-Westphalia's year-by-year imports was explained primarily by an decrease in imports from Japan (€-252M or -35.1%), Netherlands (€-183M or -5.82%), and Spain (€-121M or -13.9%), and product imports decrease in Motor cars and motor caravans (€-238M or -21.4%), Estimations for exemptions (€-218M or -26.3%), and Lorries and special purpose motor vehicles (€-185M or -61.2%).