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© thomaslerchphoto - Fotolia.com

The United States and United Kingdom as key export destinations for Hessen based companies

Hessen based companies recorded goods exports to the US and the UK valued at just under €12.2 billion in 2015. According to the Statistical Office of the German State of Hessen, combined exports to these two countries accounted for over 20% of all exports stemming from Hessen.

The value of goods purchased by the USA from Hessen-based companies in 2015 totaled €7.7 billion. Accounting for 12.8% of all exports from Hessen in 2015, the United States was the most important overall export market for Hessen-based companies and remained atop the list of destination countries in 2016 (January to November) with a share of 12.1%. Exports of vehicles, vehicle parts, and vehicle accessories as a share of total exports from Hessen to the USA have been around 4% each year since 2013.

With a purchasing volume valued at around €4.5 billion, the United Kingdom ranked third on the list of the most important destination countries for Hessen’s exports (following the USA and France), accounting for 7.5% of all exports purchased from Hessen-based companies. The significance of the United Kingdom as a key export destination remained similarly high in the first eleven months of 2016 (7% of all exports).

More information: www.invest-in-hessen.com/foreign-trade-hessen

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