Hamburg's industrial sales well above 2021 levels

36 per cent rise in sales two years after pandemic
16 June 2022

Industrial sales came to some EUR 27.5 billion in Q1 of 2022 over the same period in 2021 marking an increase of around 36 per cent, according to the Statistical Office North.

Sharp rise in industrial sales 

Sales in the mineral oil sector rose by 54 per cent to around EUR 16 billion due to the sharp increase in energy prices. If  petroleum processing is excluded, sales rose by a good 17 per cent. Sales to other countries rose by 21.6 per cent to EUR 5.1 billion while domestic business increased 14.2 per cent to EUR 6.3 billion over the previous year. Apart from the mineral oil sector, sales in the "repair and installation of machinery" rose by 34 per cent to EUR 1.3 billion. The Statistical Office North evaluates companies with 50 or more employees and a total of 225 companies in the first quarter of 2022.