Shandong Province

Province in China

Exports (2019): $153B, Rnk 5/31

Top Destination (2019): $22B, United States

Top Export (2019): $4.5B, Pneumatic tyres new of rubber for...

Imports (2019): $133B, Rnk 5/31

Top Origin (2019): $18.5B, Brazil

Top Import (2019): $43.7B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.072, Rnk 18 / 31

Exports: In 2019, China's Shandong Province exported $153B, making it the 5th largest exporter out of the 31 exporters in China. In 2019 the top exports of Shandong Province were Pneumatic tyres new of rubber for... ($4.5B), Games: video game consoles and machines,... ($3.44B), Pneumatic tyres new of rubber for... ($3.44B), Vehicle parts: brakes, servo-brakes and parts... ($2.12B), and Telephones for cellular networks or for... ($1.98B).

Imports: In 2019, China's Shandong Province imported $133B, making it the 5th largest importer out of the 31 importers in China. In 2019 top imports of Shandong Province were Petroleum oils, oils from bituminous minerals,... ($43.7B), Iron ore, concentrate, not iron pyrites,unagglomerate ($9.6B), Aluminium ores and concentrates ($4.41B), Copper ores and concentrates ($4.34B), and Soya beans: other than seed, whether... ($4B).

Economic Complexity: In 2019, the highest complexity exports of Shandong Province according to the product complexity index (PCI) are Glass with Edge Workings (1.88), Electric Soldering Equipment (1.79), Metalworking Machines (1.77), Halides (1.77), and Phosphoric Esters and Salts (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): United States, $22B

Top Product (2019): Pneumatic tyres new of rubber for..., $4.5B

In 2019 the top export destinations of Shandong Province were United States ($22B), Japan ($17.3B), South Korea ($16.7B), Vietnam ($4.85B), and Germany ($4.39B).

In 2019 the top exports of Shandong Province were Pneumatic tyres new of rubber for... ($4.5B), Games: video game consoles and machines,... ($3.44B), Pneumatic tyres new of rubber for... ($3.44B), Vehicle parts: brakes, servo-brakes and parts... ($2.12B), and Telephones for cellular networks or for... ($1.98B).

Export Dynamics

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Fastest Growing Exports Destination (May 2019 - May 2020)

Rapidly Declining Export Origins (May 2019 - May 2020)

Value
Depth

Top Origin (2019): Brazil, $18.5B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $43.7B

In 2019 the top import origins of Shandong Province were Brazil ($18.5B), South Korea ($11.6B), Russia ($11.1B), Australia ($9.6B), and Angola ($7.2B).

In 2019 the top imports of Shandong Province were Petroleum oils, oils from bituminous minerals,... ($43.7B), Iron ore, concentrate, not iron pyrites,unagglomerate ($9.6B), Aluminium ores and concentrates ($4.41B), Copper ores and concentrates ($4.34B), and Soya beans: other than seed, whether... ($4B).

Import Dynamics

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Fastest Growing Import Origins (May 2019 - May 2020)

Rapidly Declining Import Origins (May 2019 - May 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Shandong Province throughout time.

Comparison Map

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Value

The territories of China with the highest exports in 2019 were Guangdong Province ($444B), Jiangsu Province ($347B), Zhejiang Province ($314B), Shanghai Province ($176B), and Shandong Province ($153B)

The territories of China with the highest imports in 2019 were Guangdong Province ($373B), Beijing ($293B), Shanghai Province ($288B), Jiangsu Province ($223B), and Shandong Province ($133B)

This section shows forecasts for total exports and imports from Shandong Province. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of China

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Shandong Province ranks 18th out of the 31 territories in China according to ECI.

Estimated using exports data.

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Shandong Province already has a comparative advantage, are led by Cinnamon (0.54), LCDs (0.51), Children's Picture Books (0.51), Portable Lighting (0.49), and Embroidery (0.48).

Most Complex Products by PCI

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The highest complexity exports of Shandong Province according to the product complexity index (PCI) are Glass with Edge Workings (1.88), Electric Soldering Equipment (1.79), Metalworking Machines (1.77), Halides (1.77), and Phosphoric Esters and Salts (1.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Basketwork (41.6), Graphite (38.5), Railway Cargo Containers (31.9), Onions (26.7), and Fake Hair (26.5).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Shandong Province is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Shandong Province. These are products that tend to be co-exported with the products that Shandong Province exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.