Lower Saxony

Overview In January 2024 Lower Saxony exported €8.66B and imported €10B, resulting in a negative trade balance of €1.38B. Between January 2023 and January 2024 the exports of Lower Saxony have increased by $858M (11%) from €7.8B to €8.66B, while imports decreased by €-3.04B (-23.2%) from €13.1B to €10B.

Trade In January 2024, the top exports of Lower Saxony were Motor cars and motor caravans (€1.18B), Chassis, bodies, engines etc. for motor... (€815M), Estimations for non-response (€455M), Machinery for electricity production, distribution (€380M), and Other chemical final products (€299M). In January 2024 the top imports of Lower Saxony were Petroleum oil and petroleum gases (€1.23B), Machinery for electricity production, distribution (€809M), Chassis, bodies, engines etc. for motor... (€754M), Motor cars and motor caravans (€614M), and Estimations for non-response (€577M).

Destinations In January 2024, Lower Saxony exported mostly to Netherlands (€925M), France (€717M), Poland (€654M), United Kingdom (€541M), and Italy (€426M), and imported mostly from Norway (€1.07B), Poland (€1.03B), Netherlands (€967M), China (€836M), and Czechia (€564M).

Growth In January 2024, the increase in Lower Saxony's year-by-year exports was explained primarily by an increase in exports to Netherlands (€265M or 37.9%), Poland (€175M or 44.1%), and Belgium (€157M or 66.4%), and product exports increase in Motor cars and motor caravans (€481M or 81.3%), Estimations for non-response (€243M or 17.4k%), and Meat and meat products (€123M or 90.6%). In January 2024, the decrease in Lower Saxony's year-by-year imports was explained primarily by an decrease in imports from Spain (€-369M or -55.2%), Russia (€-218M or -54.9%), and Norway (€-158M or -5.2%), and product imports decrease in Pharmaceutical products (€-475M or -78.3%), Petroleum oil and petroleum gases (€-185M or -4.72%), and Other semi-finished products (€-101M or -57.8%).