ChongqingProvince in China
2020 Economic Complexity : 0.41, Rank 1 of 31
Sep 2022 Trade Exports | Imports: $6.2B | $3.44B, 13 of 31 | 13 of 31
Sep 2022 Country Destination | Origin: United States | South Korea , $1.22B | $676M
Sep 2022 Product Exports | Imports: Automatic data processing machines: portable, weighing not more... | Electronic integrated circuits: processors and controllers, whether or..., $2.17B | $779M
Overview This page contains the latest international trade data for Chongqing. In September 2022 Chongqing was the number 9 in total exports and the number 13 in total imports in China.
Exports In 2021, China's Chongqing exported $80.1B, making it the 9th largest exporter out of the 31 exporters in China. In 2021 the top exports of Chongqing were Automatic data processing machines: portable, weighing... ($34.5B), Electronic integrated circuits: memories ($5.35B), Telephones for cellular networks or for... ($4.55B), Communication apparatus (excluding telephone sets or... ($2.84B), and Motorcycles, Spark ignition 50-250 cc ($1.95B).
Imports In 2021, China's Chongqing imported $43.8B, making it the 13th largest importer out of the 31 importers in China. In 2021 top imports of Chongqing were Electronic integrated circuits: processors and controllers,... ($12.8B), Electronic integrated circuits: memories ($3.32B), Units of automatic data processing machines:... ($3.18B), Electronic integrated circuits: n.e.c. in heading... ($1.65B), and Parts and accessories of data processing... ($1.49B).
Economic Complexity In 2020, the highest complexity exports of Chongqing according to the product complexity index (PCI) are Motor-working Tools (1.37), Other Inorganic Acids Salts (1.3), Spark-Ignition Engines (1.1), Computers (0.91), and Telephones (0.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
September, 2022
Overview In September 2022 Chongqing exported $6.2B and imported $3.44B, resulting in a positive trade balance of $2.77B. Between September 2021 and September 2022 the exports of Chongqing have decreased by $-816M (-11.6%) from $7.02B to $6.2B, while imports decreased by $-220M (-6.01%) from $3.66B to $3.44B.
Trade In September 2022, the top exports of Chongqing were Computers ($2.52B), Telephones ($759M), Integrated Circuits ($284M), Cars ($222M), and Other Inorganic Acids Salts ($181M). In September 2022 the top imports of Chongqing were Integrated Circuits ($1.36B), Vaccines, blood, antisera, toxins and cultures ($226M), Computers ($213M), Refined Copper ($186M), and Office Machine Parts ($96.2M).
Destinations In September 2022, Chongqing exported mostly to United States ($1.22B), Hong Kong ($495M), Germany ($461M), South Korea ($378M), and India ($309M), and imported mostly from South Korea ($676M), Vietnam ($431M), Taiwan ($410M), China ($182M), and United States ($180M).
Growth In September 2022, the decrease in Chongqing's year-by-year exports was explained primarily by an decrease in exports to Switzerland ($-42M or -79.9%), Saudi Arabia ($-22.7M or -38.8%), and Greece ($-10.1M or -33.6%), and product exports decrease in Video Recording Equipment ($-44M or -99.6%), Industrial Printers ($-36.6M or -64.4%), and Video Displays ($-7.96M or -13.1%). In September 2022, the decrease in Chongqing's year-by-year imports was explained primarily by an decrease in imports from Chile ($-22.3M or -57.1%), Mexico ($-14.4M or -44%), and Saudi Arabia ($-11.6M or -93.1%), and product imports decrease in Computers ($-53.7M or -21.8%), Cyclic Hydrocarbons ($-35.4M or -74.2%), and Precious Metal Ore ($-18.2M or -68.1%).
EXPORT GROWTH (September 2021 - September 2022): $-816M, (-11.6%)
IMPORT GROWTH (September 2021 - September 2022): $-220M, (-6.01%)
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 (2021): United States, $17.7B
Top Product (2021): Automatic data processing machines: portable, weighing..., $34.5B
In 2021 the top export destinations of Chongqing were United States ($17.7B), Hong Kong ($11.3B), Germany ($7.79B), India ($3.14B), and Japan ($2.32B).
In 2021 the top exports of Chongqing were Automatic data processing machines: portable, weighing... ($34.5B), Electronic integrated circuits: memories ($5.35B), Telephones for cellular networks or for... ($4.55B), Communication apparatus (excluding telephone sets or... ($2.84B), and Motorcycles, Spark ignition 50-250 cc ($1.95B).
Fastest Growing Exports Destination (Sep 2021 - Sep 2022)
Rapidly Declining Export Origins (Sep 2021 - Sep 2022)
Top Origin (2021): Taiwan, $8.42B
Top Import (2021): Electronic integrated circuits: processors and controllers,..., $12.8B
In 2021 the top import origins of Chongqing were Taiwan ($8.42B), Vietnam ($5.87B), South Korea ($5.84B), China ($3.36B), and Japan ($2.96B).
In 2021 the top imports of Chongqing were Electronic integrated circuits: processors and controllers,... ($12.8B), Electronic integrated circuits: memories ($3.32B), Units of automatic data processing machines:... ($3.18B), Electronic integrated circuits: n.e.c. in heading... ($1.65B), and Parts and accessories of data processing... ($1.49B).
Fastest Growing Import Origins (Sep 2021 - Sep 2022)
Economic Complexity (2021): 0.41
Chongqing ranks 1st 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), Electromagnets (0.12), Semiconductor Devices (0.11), and Phosphoric Esters and Salts (0.11).
The highest complexity exports of Chongqing according to the product complexity index (PCI) are Motor-working Tools (1.37), Other Inorganic Acids Salts (1.3), Spark-Ignition Engines (1.1), Computers (0.91), and Telephones (0.88). 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 (29.3), Other Inorganic Acids Salts (25.3), Motorcycles and cycles (18.2), Telephones (14.5), and Electric Generating Sets (9.3).
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. Bubble size corresponds to exports value by year 2020.
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