How important is America? Schleswig-Holstein's dependence on US exports

In 2023, the United States was Schleswig-Holstein's third most important export market, after the Netherlands and Belgium, with a share of more than 8 percent. The analysis reveals that the weight of US exports in Schleswig-Holstein is lower than the national average and in the majority of other federal states. At sector level, however, the dependence on US exports in Schleswig-Holstein is much greater in some cases. However, the economic relevance of the more intensive US business depends on the economic weight of the individual sectors. It is concluded that, due to the untapped export potential in the US markets and the geopolitical proximity to the United States, a new attempt at a free trade agreement with the USA is also desirable from Schleswig-Holstein's perspective.

Kiel Institute Expert