Source: Statistical Office of the Federal State of Saxony
Diagram: Saxony‘s Most Important Export Partners 2018
SAXONY’S MAJOR EXPORT PARTNERS
In 2018 as well, China continued to be Saxony’s largest export partner around the globe. Compared to the previous year, there was a 12 percent increase to 6,705 million euros in the trade with China. Total exports to Asia increased by 5 percent.
Trade with the American continent decreased. Decisive in this were the decreasing exports to the USA – Saxony’s second-most important export country – by 14 percent.
With a 58 percent share in all exports, the European continent continued to be the most important continent for the exports of Saxony’s producers in 2018 as well. Trade with the trading partners Czech Republic (fifth most important export country) and Poland (sixth most important export country) increased slightly by 2 percent and 3 percent respectively.
Diagram: Saxony‘s Most Important Export Partners 2018
Source: Statistical Office of the Federal State of Saxony
Diagram: Saxony‘s Most Important Import Partners 2018
SAXONY’S MAJOR IMPORT PARTNERS
In 2018, more than 70 percent of all imports to Saxony came from European countries; about one quarter of which originated from the neighboring country, the Czech Republic (an decrease by 1 percent). But - above all - the UK supplied an increasing amount of goods to Saxony (46 percent more).
The main supplier from Asia was China.
Diagram: Saxony‘s Most Important Import Partners 2018
Source: Statistical Office of the Federal State of Saxony
Diagram: Saxony‘s Most Important Branches – Share of Saxony‘s Export Turnover (2018)
PRODUCTS OF SAXONY’S INDUSTRY IN GREAT DEMAND ABROAD
With a 35.8 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 2018, foreign sales in the automobile industry amounted to a total of about 9,075 million euros. The main customers were the United States of America and China.
The export business in machine construction increased to approximately 4,405 million euros; 1.7 percent more than in 2017. When it comes to the manufacture of computers, electronic and optical products, the volume of transactions completed with foreign customers reached 3,031 million euros. And when it comes to the metal production, there was an increase of 8.3 percent to about 2,301 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 (2018)
