Overview In Fourth Quarter 2022 Nord exported €152B and imported €199B, resulting in a negative trade balance of €47.2B. Between Fourth Quarter 2021 and Fourth Quarter 2022 the exports of Nord have increased by $20.8B (15.9%) from €131B to €152B, while imports increased by €33.5B (20.2%) from €166B to €199B.
Trade In Fourth Quarter 2022, the top exports of Nord were Motor vehicles (€1.42B), pharmaceuticals (€945M), Basic iron and steel and ferro-alloys (€773M), Cereals (except rice), legumes and oilseeds (€433M), and Other basic organic chemicals (€199M). In Fourth Quarter 2022 the top imports of Nord were natural gas, liquefied gas or (€3.11B), Motor vehicles (€617M), refined petroleum products (€605M), Other parts and accessories for motor... (€585M), and Basic iron and steel and ferro-alloys (€329M).
Destinations In Fourth Quarter 2022, Nord exported mostly to Belgium (€2.34B), Germany (€921M), United Kingdom (€490M), Italy (€430M), and Netherlands (€374M), and imported mostly from United States (€2.57B), Belgium (€1.42B), China (€1.38B), Germany (€1.08B), and Poland (€476M).
Growth In Fourth Quarter 2022, the increase in Nord's year-by-year exports was explained primarily by an increase in exports to Belgium (€423M or 27.1%), Germany (€334M or 48.8%), and Netherlands (€206M or 79.9%), and product exports increase in Basic iron and steel and ferro-alloys (€494M or 124%), Plastics in primary forms (€95.3M or 90.8%), and Basic pharmaceutical products (€91.1M or 284%). In Fourth Quarter 2022, the increase in Nord's year-by-year imports was explained primarily by an increase in imports from United States (€2.13B or 1.51k%), Russia (€905M or 563%), and Belgium (€196M or 15.9%), and product imports increase in natural gas, liquefied gas or (€2.8B or 4.67k%), refined petroleum products (€240M or 91%), and Basic iron and steel and ferro-alloys (€229M or 98.8%).