www.invest-in-hessen.com

Access to Market

<
>
  • Export volume <strong>€55.3 billion</strong>
www.invest-in-hessen.com

Business Location Advantage: Marketplace Hessen

While Hessen has diverse business connections all over the world, relationships with EU countries are particularly strong. Thanks to the free trade agreement within the EU, goods and services can be freely exchanged within the 28 member countries. This is a significant business advantage for Hessen.

Europa - strong Tradepartner

By the end of 2014, 17 EU countries and six other European countries are now using the Euro as their currency. Currency risks, which often hinder international trade, are no longer an issue.

The importance of this close relationship with the EU as trading partner is mirrored in the data. Two-thirds of all imports and exports involve the EU. About three-quarters of all direct foreign investment comes from the EU. About one-third of Hessen's direct investment flowed into EU countries.

 

High Exports, and Ever Higher Imports 

Exports from Hessen are in high demand. Goods valued at €58.5 billion were exported in 2014. Despite the difficult economic environment, Hessen was able to maintain the previous year's level. On the import side, total volume reached €80.3 billion, or an increase of 2.7%. The most important export goods were chemical and pharmaceutical products with a total volume of €18.5 billion – more than one-quarter of Hessen’s total exports.

The other three-quarters are comprised of products from the areas of machine and vehicle manufacturing and electro-technical manufacturing. They are also the most important imports with a total value of €20 billion.

 

Foreign Trade with EU and USA Rank Highest,
Trade with Asia Growing

12.3% of Hessen’s exports were sent to the USA, whereas American imports totaled 10.3%. Second place went to France and the UK with 8.% both, followed by the Netherlands, with 5.7%. International trade with Asia is constantly increasing and China is now Hessen’s third most important trade partner.

However, the majority of trade remains within Europe: in 2014 more than 65% of Hessen’s exports and 62% of their imports were to/from European countries.

www.invest-in-hessen.com

Hessen's strong trade figures

  • Major trade partners
    Exports: USA (12.3 %), France (8.1 %), United Kingdom (8.1 %), Netherlands (5.7 %);
    Imports: USA (10.3 %), China (9.2 %), France (7.3 %), Netherlands (6.9 %)

 

  • Important trading products
    Exports: chemical and pharmaceutical products, machinery, vehicles and components;
    Imports: vehicles and components, machinery, electro-technical products.
  • Export volume €58.5 billion
  • Import volume €80.3 billion