Foreign Trade

Diagram: Saxony‘s Most Important Export Partners 2021

Source: Statistical Office of the Federal State of Saxony

SAXONY’S MAJOR EXPORT PARTNERS

In 2021 as well, China continued to be Saxony’s largest export partner around the globe. Compared to the previous year, there was a 14 percent increase to 7,902 million euros in the trade with China. Total exports to Asia increased by 14 percent. 

Trade with the American continent also increased (by 34 percent). Decisive in this were the increasing exports to the USA – Saxony’s second-most important export country – by 36 percent.

With a 57.4 percent share in all exports, the European continent continued to be the most important continent for the exports of Saxony’s producers in 2021 as well. Trade with the trading partners Czech Republic (fourth most important export country) and Poland (fifth most important export country) increased by 28 respectively 16 percent. 

Diagram: Saxony‘s Most Important Import Partners 2021

Source: Statistical Office of the Federal State of Saxony

SAXONY’S MAJOR IMPORT PARTNERS

In 2021, about 62 percent of all imports to Saxony came from EU member states; more than one quarter of which originated from the neighboring country, the Czech Republic (with an increase of 11 percent). Hungary and China supplied an increasing amount of goods to Saxony (38 respectively 27 percent more).

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

Source: Statistical Office of the Federal State of Saxony

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.

Your Contact Person


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

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