Nord

Overview In Fourth Quarter 2023 Nord exported €7.16B and imported €9.77B, resulting in a negative trade balance of €2.61B. Between Fourth Quarter 2022 and Fourth Quarter 2023 the exports of Nord have decreased by $-521M (-6.78%) from €7.68B to €7.16B, while imports decreased by €-3.48B (-26.3%) from €13.3B to €9.77B.

Trade In Fourth Quarter 2023, the top exports of Nord were Motor vehicles (€1.39B), Basic steel products and ferroalloys (€642M), Pharmaceutical preparations (€466M), Other basic organic chemicals (€283M), and Cereals (excluding rice), pulses and oilseeds (€227M). In Fourth Quarter 2023 the top imports of Nord were Natural gas, liquefied or gaseous (€769M), Other parts and accessories for motor... (€553M), Motor vehicles (€426M), Petroleum refining products (€339M), and Basic steel products and ferroalloys (€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 Belgium (€-402M or -17.2%), Egypt (€-87.2M or -61.6%), and Germany (€-84.3M or -9.15%), and product exports decrease in Pharmaceutical preparations (€-479M or -50.7%), Cereals (excluding rice), pulses and oilseeds (€-205M or -47.5%), and Basic steel products and ferroalloys (€-131M or -17%). In Fourth Quarter 2023, the decrease in Nord's year-by-year imports was explained primarily by an decrease in imports from United States (€-1.77B or -69.1%), Russia (€-402M or -91.6%), and China (€-229M or -16.6%), and product imports decrease in Natural gas, liquefied or gaseous (€-2.34B or -75.3%), Petroleum refining products (€-266M or -44%), and Motor vehicles (€-191M or -30.9%).