ChongqingProvince in China
2020 Economic Complexity : 0.36, Rank 2 of 31
Jul 2021 Trade Exports | Imports: $6.92B | $3.36B, 9 of 31 | 14 of 31
Jul 2021 Country Destination | Origin: United States | Taiwan , $1.59B | $708M
Jul 2021 Product Exports | Imports: Automatic data processing machines: portable, weighing not more... | Electronic integrated circuits: processors and controllers, whether or..., $2.97B | $820M
Overview This page contains the latest international trade data for Chongqing, including export and import data.
Exports In 2020, China's Chongqing exported $55.4B, making it the 10th largest exporter out of the 31 exporters in China. In 2020 the top exports of Chongqing were Automatic data processing machines: portable, weighing... ($26.5B), Communication apparatus (excluding telephone sets or... ($3.48B), Electronic integrated circuits: memories ($1.58B), Telephones for cellular networks or for... ($1.55B), and Motorcycles, spark ignition engine of 50-250... ($1.25B).
Imports In 2020, China's Chongqing imported $32.3B, making it the 12th largest importer out of the 31 importers in China. In 2020 top imports of Chongqing were Electronic integrated circuits: processors and controllers,... ($9.82B), Electronic integrated circuits: memories ($3.19B), Units of automatic data processing machines:... ($2.75B), Electronic integrated circuits: n.e.c. in heading... ($989M), and Telephone sets and other apparatus for... ($976M).
Economic Complexity In 2020, the highest complexity exports of Chongqing according to the product complexity index (PCI) are LCDs (1.76), Motor-working Tools (1.64), Office Machine Parts (1.41), Industrial Printers (1.4), and Other Inorganic Acids Salts (1.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
July, 2021
Overview In July 2021 Chongqing exported $6.92B and imported $3.36B, resulting in a positive trade balance of $3.56B. Between July 2020 and July 2021 the exports of Chongqing have increased by $1.31B (23.2%) from $5.62B to $6.92B, while imports increased by $394M (13.3%) from $2.96B to $3.36B.
Trade In July 2021, the top exports of Chongqing were Computers ($3.34B), Telephones ($782M), Integrated Circuits ($429M), Motorcycles ($183M), and Cars ($131M). In July 2021 the top imports of Chongqing were Integrated Circuits ($1.27B), Computers ($230M), Office Machine Parts ($172M), Machines and apparatus of a kind... ($169M), and Sulfate Chemical Woodpulp ($111M).
Destinations In July 2021, Chongqing exported mostly to United States ($1.59B), Hong Kong ($1.06B), Germany ($675M), India ($249M), and Netherlands ($199M), and imported mostly from Taiwan ($708M), South Korea ($450M), China ($314M), Japan ($283M), and Vietnam ($282M).
Growth In July 2021, the increase in Chongqing's year-by-year exports was explained primarily by an increase in exports to United States ($178M or 12.6%), India ($86.8M or 53.4%), and Mexico ($46.8M or 46.7%), and product exports increase in Computers ($351M or 11.8%), Telephones ($343M or 78%), and Integrated Circuits ($298M or 228%). In July 2021, the increase in Chongqing's year-by-year imports was explained primarily by an increase in imports from Taiwan ($173M or 32.2%), Thailand ($150M or 165%), and Japan ($133M or 89%), and product imports increase in Machines and apparatus of a kind... ($137M or 431%), Cars ($97.3M or 98.8k%), and Sulfate Chemical Woodpulp ($94.4M or 561%).
EXPORT GROWTH (July 2020 - July 2021): $1.31B, (23.2%)
IMPORT GROWTH (July 2020 - July 2021): $394M, (13.3%)
This section shows exports and imports data at subnational level for Chongqing. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Chongqing over time.
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Top Destination (2020): United States, $14.9B
Top Product (2020): Automatic data processing machines: portable, weighing..., $26.5B
In 2020 the top export destinations of Chongqing were United States ($14.9B), Germany ($5.79B), Netherlands ($2.38B), Japan ($2.14B), and Hong Kong ($1.99B).
In 2020 the top exports of Chongqing were Automatic data processing machines: portable, weighing... ($26.5B), Communication apparatus (excluding telephone sets or... ($3.48B), Electronic integrated circuits: memories ($1.58B), Telephones for cellular networks or for... ($1.55B), and Motorcycles, spark ignition engine of 50-250... ($1.25B).
Fastest Growing Exports Destination (Jul 2020 - Jul 2021)
Rapidly Declining Export Origins (Jul 2020 - Jul 2021)
Top Origin (2020): Vietnam, $5.58B
Top Import (2020): Electronic integrated circuits: processors and controllers,..., $9.82B
In 2020 the top import origins of Chongqing were Vietnam ($5.58B), Taiwan ($5.53B), South Korea ($4.82B), China ($3.01B), and Malaysia ($2.58B).
In 2020 the top imports of Chongqing were Electronic integrated circuits: processors and controllers,... ($9.82B), Electronic integrated circuits: memories ($3.19B), Units of automatic data processing machines:... ($2.75B), Electronic integrated circuits: n.e.c. in heading... ($989M), and Telephone sets and other apparatus for... ($976M).
Economic Complexity (2020): 0.36
Chongqing ranks 2nd out of the 31 provinces in China according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Chongqing already has a comparative advantage, are led by Vacuum Flask (0.14), Glass with Edge Workings (0.12), Integrated Circuits (0.12), Semiconductor Devices (0.12), and Audio and Video Recording Accessories (0.12).
The highest complexity exports of Chongqing according to the product complexity index (PCI) are LCDs (1.76), Motor-working Tools (1.64), Office Machine Parts (1.41), Industrial Printers (1.4), and Other Inorganic Acids Salts (1.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Computers (34.4), Motorcycles (17.5), Telephones (13.2), Other Vegetable Fibers Fabric (10.9), and Electric Generating Sets (9.9).
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 Chongqing 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.
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.