Overview In Fourth Quarter 2023 Nord exported €149B and imported €175B, resulting in a negative trade balance of €26.6B. Between Fourth Quarter 2022 and Fourth Quarter 2023 the exports of Nord have decreased by $-3.69B (-2.43%) from €152B to €149B, while imports decreased by €-24.3B (-12.2%) from €199B to €175B.
Trade In Fourth Quarter 2023, the top exports of Nord were Motor vehicles (€1.39B), Basic iron and steel and ferro-alloys (€642M), pharmaceuticals (€466M), Other basic organic chemicals (€283M), and Cereals (except rice), legumes and oilseeds (€227M). In Fourth Quarter 2023 the top imports of Nord were natural gas, liquefied gas or (€769M), Other parts and accessories for motor... (€553M), Motor vehicles (€426M), refined petroleum products (€339M), and Basic iron and steel and ferro-alloys (€263M).
Destinations In Fourth Quarter 2023, Nord exported mostly to Belgium (€1.94B), Germany (€837M), Italy (€524M), United Kingdom (€459M), and Spain (€430M), and imported mostly from Belgium (€1.4B), China (€1.15B), Germany (€894M), United States (€794M), and Spain (€505M).
Growth In Fourth Quarter 2023, the decrease in Nord's year-by-year exports was explained primarily by an decrease in exports to China (€-80.2M or -31.7%), Japan (€-25.7M or -37.6%), and Rest of the world (€-24.7M or -95.7%), and product exports decrease in Waste not dangerous; collection of non-hazardous... (€-103M or -99%), Perfumes and toilet (€-58.8M or -51.8%), and tires; retreading and rebuilding of rubber... (€-37.7M or -96.3%). In Fourth Quarter 2023, the decrease in Nord's year-by-year imports was explained primarily by an decrease in imports from Japan (€-121M or -36.3%), Rest of the world (€-36.7M or -53.8%), and Ukraine (€-24M or -75.7%), and product imports decrease in Motor vehicles (€-316M or -37%), Other knitted and crocheted (€-80.7M or -59.1%), and Waste not dangerous; collection of non-hazardous... (€-66.8M or -97.3%).