Overview In January 2024 Hesse exported €6.98B and imported €9.45B, resulting in a negative trade balance of €2.47B. Between January 2023 and January 2024 the exports of Hesse have increased by $349M (5.27%) from €6.63B to €6.98B, while imports decreased by €-1.44B (-13.2%) from €10.9B to €9.45B.
Trade In January 2024, the top exports of Hesse were Pharmaceutical products (€872M), Chassis, bodies, engines etc. for motor... (€382M), Machinery for electricity production, distribution (€351M), Gold for industrial purposes (€322M), and Other prefabricated chemicals (€317M). In January 2024 the top imports of Hesse were Pharmaceutical products (€1.25B), Telecommunication devices and apparatus (€477M), Motor cars and motor caravans (€475M), Estimations for non-response (€472M), and Machinery for electricity production, distribution (€437M).
Destinations In January 2024, Hesse exported mostly to United States (€696M), France (€576M), United Kingdom (€545M), Poland (€437M), and Italy (€411M), and imported mostly from United States (€1.09B), China (€805M), France (€712M), Switzerland (€564M), and Italy (€481M).
Growth In January 2024, the increase in Hesse's year-by-year exports was explained primarily by an increase in exports to United States (€338M or 47.4%), Netherlands (€124M or 50.5%), and Austria (€105M or 42.4%), and product exports increase in Pharmaceutical products (€366M or 49.5%), Estimations for non-response (€165M or 16.8k%), and Other machinery (€103M or 51.4%). In January 2024, the decrease in Hesse's year-by-year imports was explained primarily by an decrease in imports from Russia (€-102M or -51.8%), Switzerland (€-101M or -15.4%), and Belgium (€-92.1M or -15.4%), and product imports decrease in Office and automatic data processing machines (€-134M or -24.2%), Petroleum oil and petroleum gases (€-112M or -99.9%), and Other semi-finished products (€-105M or -17.7%).