Foreign Trade

Diagram: Saxony‘s Most Important Export Partners 2016

Source: Statistical Office of the Federal State of Saxony

SAXONY’S MAJOR EXPORT PARTNERS

In 2016 as well, China continued to be Saxony’s largest export partner around the globe. Compared to the previous year, though, there was a 2 percent decline to 5.50 billion euros in the trade with China. Total exports to Asia decreased by 5 percent. 

Trade with the American continent decreased by almost one fifth to 3.57 billion euros. Decisive in this were the decreasing exports to the USA – Saxony’s second-most important export country – by 23 percent.

With a 57 percent share in all exports, the European continent continued to be the most important continent for the exports of Saxony’s producers in 2015 as well. Trade with the trading partners Poland (fifth most important export country) and Czech Republic (sixth most important export country) increased by 4 percent and 5 percent respectively. 

Diagram: Saxony‘s Most Important Import Partners 2016

Source: Statistical Office of the Federal State of Saxony

SAXONY’S MAJOR IMPORT PARTNERS

In 2016, more than three quarters of all imports to Saxony came from European countries; almost one quarter of which originated from the neighboring country, the Czech Republic (an increase by 8 percent). But France also supplied an increasing amount of goods to Saxony (16 percent more).

The main supplier from Asia was China.

Diagram: Saxony‘s  Most Important Branches – Share of Saxony‘s Export Turnover (2016)

Source: Statistical Office of the Federal State of Saxony

PRODUCTS OF SAXONY’S INDUSTRY IN GREAT DEMAND ABROAD

With a 39.2 percent share in foreign sales, products of the automobile industry continue to be Saxony’s most important export goods. Their sales to foreign countries have more than doubled over the past ten years. In 2015, foreign sales in the automobile industry amounted to a total of about 9.4 billion euros, which translates into a further increase of 14 percent when compared to 2014. The main customers were the United States of America and China.

The export business in machine construction dropped to approximately 3.7 billion euros; 10.2 percent less than in 2014. When it comes to the manufacture of computers, electronic and optical products, the volume of transactions completed with foreign customers increased by 7.2 percent to almost 2.8 billion euros. And when it comes to the manufacture of chemical products, there was an increase of 1.9 percent to more than 1.3 billion euros.

Similar to the previous years, the four above mentioned business sectors accounted for considerably more than two thirds of all foreign sales generated by Saxony’s industry.

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CTO, Bosch Sensortec GmbH

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