Foreign Trade

Diagram: Saxony‘s Most Important Export Partners 2017

Source: Statistical Office of the Federal State of Saxony

SAXONY’S MAJOR EXPORT PARTNERS

In 2017 as well, China continued to be Saxony’s largest export partner around the globe. Compared to the previous year, though, there was a 9 percent increase to 6 billion euros in the trade with China. Total exports to Asia increased by 8 percent. 

Trade with the American continent also increased. Decisive in this were the increasing exports to the USA – Saxony’s second-most important export country – by 17 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 2017 as well. Trade with the trading partners Czech Republic (fifth most important export country) and Poland (sixth most important export country) increased by 19 percent and 7 percent respectively. 

Diagram: Saxony‘s Most Important Import Partners 2017

Source: Statistical Office of the Federal State of Saxony

SAXONY’S MAJOR IMPORT PARTNERS

In 2017, 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 9 percent). But the USA also supplied an increasing amount of goods to Saxony (45 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 36.9 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 2016, foreign sales in the automobile industry amounted to a total of about 8.7 billion euros. The main customers were the United States of America and China.

The export business in machine construction increased to approximately 4.0 billion euros; 9.6 percent more than in 2015. When it comes to the manufacture of computers, electronic and optical products, the volume of transactions completed with foreign customers reached almost 2.9 billion euros. And when it comes to the metal production, there was an increase of 1.1 percent to about 1.9 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.

Your Contact Person


Andreas Lippert
Acquisition, Inward Investment
Phone: +49 (351) 2138-211 Fax: +49 (351) 2138-219

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