Saxony

Overview In August 2024 Saxony exported €4.58B and imported €2.94B, resulting in a positive trade balance of €1.64B. Between August 2023 and August 2024 the exports of Saxony have increased by $980M (27.2%) from €3.6B to €4.58B, while imports increased by €326M (12.5%) from €2.61B to €2.94B.

Trade In August 2024, the top exports of Saxony were Motor cars and motor caravans (€1.67B), Chassis, bodies, engines etc. for motor... (€442M), Electronic devices (€260M), Other machinery (€200M), and Machinery for electricity production, distribution (€183M). In August 2024 the top imports of Saxony were Machinery for electricity production, distribution (€496M), Chassis, bodies, engines etc. for motor... (€337M), Electronic devices (€167M), Estimations for non-response (€146M), and Motor cars and motor caravans (€124M).

Destinations In August 2024, Saxony exported mostly to China (€570M), United States (€441M), United Kingdom (€391M), Czechia (€262M), and Poland (€250M), and imported mostly from China (€403M), Czechia (€391M), Poland (€269M), Hungary (€228M), and Netherlands (€153M).

Growth In August 2024, the increase in Saxony's year-by-year exports was explained primarily by an increase in exports to China (€104M or 22.3%), United States (€95.8M or 27.8%), and United Kingdom (€95.7M or 32.4%), and product exports increase in Motor cars and motor caravans (€746M or 80.8%), Chassis, bodies, engines etc. for motor... (€60.2M or 15.7%), and Estimations for non-response (€51M or 63.3%). In August 2024, the increase in Saxony's year-by-year imports was explained primarily by an increase in imports from Czechia (€97.8M or 33.3%), Qatar (€65.6M or 728k%), and Poland (€48.2M or 21.8%), and product imports increase in Machinery for electricity production, distribution (€148M or 42.4%), Chassis, bodies, engines etc. for motor... (€130M or 63.1%), and Other end products (€65.5M or 824%).