Industry

SAXONY’S INDUSTRY IS GROWING

In 2021, Saxony's industry (results for enterprises with 20 and more persons employed in the manufacturing trade as well as in mining and quarrying) generated a total turnover of 72,414 million euros; this exeeds the previous year’s value by 14.1 percent. The export rate, i.e. the proportion of foreign sales of the total turnover, amounted to 40.8 percent (previous year: 37.5 percent).

The most important industrial branch continues to be the automobile industry with a share of 25.6 percent of all sales. It is followed by the metal production sector and the electrical engineering / microelectronics branches with a share of 13.9 percent respectively 13.4 percent, as well as by machine construction with a share of 10.9 percent of Saxony's industrial turnover.

PRODUCTS OF SAXONY’S INDUSTRY IN GREAT DEMAND ABROAD

With a 35.5 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 9,844 million euros (2020: 7,538 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; 14 percent more than in 2020. When it comes to the manufacture of computers, electronic and optical products, the volume of transactions completed with foreign customers reached 3,757 million euros (+32,6 percent compared to 2020). And when it comes to the metal production, there was an increase of 33.1 percent to about 2,663 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.