Saxony

Overview In January 2024 Saxony exported €4.05B and imported €2.88B, resulting in a positive trade balance of €1.18B. Between January 2023 and January 2024 the exports of Saxony have decreased by $-429M (-9.58%) from €4.48B to €4.05B, while imports increased by €66.8M (2.38%) from €2.81B to €2.88B.

Trade In January 2024, the top exports of Saxony were Motor cars and motor caravans (€1.07B), Chassis, bodies, engines etc. for motor... (€383M), Electronic devices (€366M), Other machinery (€205M), and Machinery for electricity production, distribution (€187M). In January 2024 the top imports of Saxony were Machinery for electricity production, distribution (€385M), Chassis, bodies, engines etc. for motor... (€330M), Motor cars and motor caravans (€196M), Electronic devices (€186M), and Estimations for non-response (€169M).

Destinations In January 2024, Saxony exported mostly to China (€391M), United Kingdom (€358M), United States (€311M), Czechia (€262M), and Poland (€254M), and imported mostly from Czechia (€427M), China (€317M), Poland (€239M), Netherlands (€208M), and Hungary (€206M).

Growth In January 2024, the decrease in Saxony's year-by-year exports was explained primarily by an decrease in exports to China (€-238M or -27.7%), South Korea (€-34.8M or -35.4%), and Russia (€-29.7M or -59.3%), and product exports decrease in Other semi-finished products (€-33.8M or -17.6%), Machine-tools (€-16.6M or -45%), and Other end products (€-15M or -39.1%). In January 2024, the increase in Saxony's year-by-year imports was explained primarily by an increase in imports from Poland (€64.3M or 28.9%), China (€43.8M or 15.1%), and Hungary (€43.6M or 30.6%), and product imports increase in Machinery for electricity production, distribution (€205M or 94%), Estimations for non-response (€77.2M or 152%), and Chassis, bodies, engines etc. for motor... (€40.1M or 15.8%).