Overview In November 2022 Saxony exported €4.97B and imported €3.17B, resulting in a positive trade balance of €1.8B. Between November 2021 and November 2022 the exports of Saxony have increased by $1.04B (26.4%) from €3.93B to €4.97B, while imports decreased by €-36.2M (-1.13%) from €3.21B to €3.17B.
Trade In November 2022, the top exports of Saxony were Motor cars and motor caravans (€1.76B), Chassis, bodies, engines etc. for motor... (€404M), Electronic devices (€373M), Other semi-finished products (€275M), and Other machinery (€230M). In November 2022 the top imports of Saxony were Machinery for electricity production, distribution (€392M), Chassis, bodies, engines etc. for motor... (€305M), Electronic devices (€276M), Other electric machinery, apparatus and appliances (€163M), and Estimations for non-response (€148M).
Destinations In November 2022, Saxony exported mostly to United States (€503M), United Kingdom (€385M), Poland (€291M), France (€266M), and Italy (€222M), and imported mostly from Poland (€287M), Hungary (€223M), Netherlands (€168M), Italy (€144M), and Japan (€130M).
Growth In November 2022, the increase in Saxony's year-by-year exports was explained primarily by an increase in exports to United States (€57.9M or 29.9%), Italy (€44.4M or 39.4%), and France (€43.9M or 31.6%), and product exports increase in Motor cars and motor caravans (€296M or 44%), Machinery for electricity production, distribution (€30.7M or 21.8%), and Pharmaceutical products (€8.89M or 16.4%). In November 2022, the decrease in Saxony's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (€-39.2M or -66.5%), Canada (€-37.3M or -93.7%), and Russia (€-20.6M or -73.8%), and product imports decrease in Aircraft (€-46.1M or -81.6%), Motor cars and motor caravans (€-44.8M or -19.5%), and Petroleum oil and petroleum gases (€-27.7M or -75.5%).