Overview In July 2021 Beijing exported $8.82B and imported $31.7B, resulting in a negative trade balance of $22.9B. Between July 2020 and July 2021 the exports of Beijing have increased by $4.56B (107%) from $4.26B to $8.82B, while imports increased by $9.39B (42.1%) from $22.3B to $31.7B.
Trade In July 2021, the top exports of Beijing were Blood, antisera, vaccines, toxins and cultures ($2.26B), Refined Petroleum ($1.62B), Telephones ($1.03B), Integrated Circuits ($281M), and Passenger and Cargo Ships ($152M). In July 2021 the top imports of Beijing were Crude Petroleum ($12.4B), Cars ($2.62B), Petroleum Gas ($2.23B), Iron Ore ($2.09B), and Refined Copper ($713M).
Destinations In July 2021, Beijing exported mostly to Hong Kong ($896M), Singapore ($570M), Indonesia ($412M), United States ($404M), and Philippines ($399M), and imported mostly from United States ($3.28B), Australia ($2.35B), Germany ($2.08B), Saudi Arabia ($1.81B), and Iraq ($1.69B).
Growth In July 2021, the increase in Beijing's year-by-year exports was explained primarily by an increase in exports to Indonesia ($364M or 747%), Singapore ($310M or 119%), and Philippines ($282M or 242%), and product exports increase in Blood, antisera, vaccines, toxins and cultures ($2.23B or 6.39k%), Refined Petroleum ($1.11B or 215%), and Telephones ($295M or 40.1%). In July 2021, the increase in Beijing's year-by-year imports was explained primarily by an increase in imports from United States ($1.3B or 65.5%), Kuwait ($1.26B or 390%), and Saudi Arabia ($877M or 93.7%), and product imports increase in Crude Petroleum ($4.92B or 65.9%), Petroleum Gas ($687M or 44.7%), and Corn ($510M or 768%).