Source: Statistical Office of the Federal State of Saxony
Diagram: Saxony‘s Most Important Export Partners 2022
SAXONY’S MAJOR EXPORT PARTNERS
In 2022 as well, China continued to be Saxony’s largest export partner around the globe. Compared to the previous year, there was a 10 percent increase to 8,705 million euros in the trade with China. Total exports to Asia increased by 18 percent.
Trade with the American continent also increased (by 20 percent). Decisive in this were the increasing exports to the USA – Saxony’s second-most important export country – by 22 percent.
With a 57.3 percent share in all exports, the European continent continued to be the most important continent for the exports of Saxony’s producers in 2022 as well. Trade with the trading partners Czech Republic (third most important export country) and Poland (fourth most important export country) increased by 36 respectively 49 percent.
Diagram: Saxony‘s Most Important Export Partners 2022
Source: Statistical Office of the Federal State of Saxony
Diagram: Saxony‘s Most Important Import Partners 2022
SAXONY’S MAJOR IMPORT PARTNERS
In 2022, about60 percent of all imports to Saxony came from EU member states; more than one fifth of which originated from the neighboring country, the Czech Republic (with an increase of 36 percent). The Neterlands (+ 41 percent), China (+47 percent) and Japan (+30 percent) supplied an increasing amount of goods to Saxony.
Diagram: Saxony‘s Most Important Import Partners 2022
Source: Statistical Office of the Federal State of Saxony
Diagram: Saxony‘s Most Important Branches – Share of Saxony‘s Export Turnover
PRODUCTS OF SAXONY’S INDUSTRY IN GREAT DEMAND ABROAD
With a 35 percent share in foreign sales, products of the automobile industry continue to be Saxony’s most important export goods. In 2021, foreign sales in the automobile industry amounted to a total of about 11,008 million euros (2021: 9,844 million euros). The main customers were China, the United States of America, and UK.
The foreign sales in machine construction increased to approximately 3,850 million euros; 2.8 percent more than in 2021. When it comes to the manufacture of computers, electronic and optical products, the volume of transactions completed with foreign customers reached 4,408 million euros (+17.3 percent compared to 2021). And when it comes to the metal production, there was an increase of 17.3 percent to about 3,124 million euros.
Similar to the previous years, the four above mentioned business sectors accounted for almost three quarters of all foreign sales generated by Saxony’s industry.
Diagram: Saxony‘s Most Important Branches – Share of Saxony‘s Export Turnover
