Saxony

Overview: In March 2021 Saxony exported €4.33B and imported €2.93B, resulting in a positive trade balance of €1.39B. Between March 2020 and March 2021 the exports of Saxony have increased by $1.23B (39.8%) from €3.09B to €4.33B, while imports increased by €849M (40.8%) from €2.08B to €2.93B.

Trade: In March 2021, the top exports of Saxony were Motor cars and motor caravans (€1.62B), Chassis, bodies, engines etc. for motor... (€461M), Machinery for electricity production, distribution (€244M), Electronic devices (€224M), and Other machinery (€198M). In March 2021 the top imports of Saxony were Chassis, bodies, engines etc. for motor... (€388M), Motor cars and motor caravans (€304M), Machinery for electricity production, distribution (€270M), Estimations for non-response (€169M), and Electronic devices (€150M).

Destinations: In March 2021, Saxony exported mostly to China (€807M), United States (€378M), United Kingdom (€252M), France (€240M), and Poland (€190M), and imported mostly from Poland (€292M), China (€209M), Hungary (€167M), Netherlands (€139M), and Austria (€138M).

Growth: In March 2021, the increase in Saxony's year-by-year exports was explained primarily by an increase in exports to China (€201M or 33.1%), France (€111M or 85.7%), and Spain (€87M or 86.5%), and product exports increase in Motor cars and motor caravans (€739M or 83.4%), Chassis, bodies, engines etc. for motor... (€150M or 48.5%), and Machinery for electricity production, distribution (€102M or 72.2%). In March 2021, the increase in Saxony's year-by-year imports was explained primarily by an increase in imports from Poland (€116M or 65.7%), China (€96.8M or 86%), and Hungary (€84.4M or 103%), and product imports increase in Chassis, bodies, engines etc. for motor... (€199M or 105%), Machinery for electricity production, distribution (€141M or 108%), and Motor cars and motor caravans (€105M or 53.1%).