Overview: In January 2021 Gansu Province exported $142M and imported $702M, resulting in a negative trade balance of $560M. Between January 2020 and January 2021 the exports of Gansu Province have increased by $47.1M (49.4%) from $95.3M to $142M, while imports increased by $463M (194%) from $239M to $702M.
Trade: In January 2021, the top exports of Gansu Province were Integrated Circuits ($43.7M), Carbon-based Electronics ($13.6M), Electrical Resistors ($9.74M), Apples and Pears ($7.82M), and Sowing Seeds ($7.03M). In January 2021 the top imports of Gansu Province were Copper Ore ($296M), Nickel Ore ($62.2M), Raw Copper ($56.8M), Nickel Mattes ($53.8M), and Integrated Circuits ($44.1M).
Destinations: In January 2021, Gansu Province exported mostly to Hong Kong ($31.5M), Malaysia ($20.5M), South Korea ($7.8M), Netherlands ($6.93M), and Taiwan ($6.78M), and imported mostly from Kazakhstan ($169M), Russia ($80.7M), Chile ($55.4M), Democratic Republic of the Congo ($50.1M), and Mongolia ($50M).
Growth: In January 2021, the increase in Gansu Province's year-by-year exports was explained primarily by an increase in exports to Malaysia ($19.7M or 2.5k%), Singapore ($4.4M or 2.89k%), and South Korea ($3.2M or 69.4%), and product exports increase in Integrated Circuits ($38.7M or 768%), Other Nitrogen Compounds ($4.78M or 490%), and Electrical Control Boards ($3.67M or 1.82k%). In January 2021, the increase in Gansu Province's year-by-year imports was explained primarily by an increase in imports from Kazakhstan ($137M or 426%), Russia ($59.9M or 288%), and Mongolia ($42.2M or 540%), and product imports increase in Copper Ore ($197M or 200%), Precious Metal Ore ($39.3M or 1.04k%), and Nickel Mattes ($33.6M or 166%).