Guangxi Zhuang Autonomous RegionProvince in China
2022 Economic Complexity : 0.076, Rank 23 of 31
Feb 2023 Trade Exports | Imports: $3.57B | $3.48B, 17 of 31 | 10 of 31
Feb 2023 Country Destination | Origin: Vietnam | Vietnam , $1.83B | $662M
Feb 2023 Product Exports | Imports: Commodities not specified according to kind | Petroleum oils, oils from bituminous minerals, crude , $245M | $519M
Overview This page contains the latest international trade data for Guangxi Zhuang Autonomous Region. In February 2023 Guangxi Zhuang Autonomous Region was the number 16 in total exports and the number 13 in total imports in China.
Exports In 2022, China's Guangxi Zhuang Autonomous Region exported $55.5B, making it the 16th largest exporter out of the 31 exporters in China. In 2022 the top exports of Guangxi Zhuang Autonomous Region were Part Phone, recept Voice ($2.79B), Commodities not specified according to kind ($2.3B), Electronic integrated circuits: memories ($1.65B), Communication apparatus (excluding telephone sets or... ($1.52B), and Units of automatic data processing machines:... ($1.37B).
Imports In 2022, China's Guangxi Zhuang Autonomous Region imported $43.7B, making it the 13th largest importer out of the 31 importers in China. In 2022 top imports of Guangxi Zhuang Autonomous Region were Copper ores and concentrates ($6.1B), Petroleum oils, oils from bituminous minerals,... ($5.16B), Soya beans: other than seed, whether... ($3.96B), Iron ore, concentrate, not iron pyrites,unagglomerate ($2.99B), and Commodities not specified according to kind ($2.87B).
Economic Complexity In 2022, the highest complexity exports of Guangxi Zhuang Autonomous Region according to the product complexity index (PCI) are Titanium Oxides (0.98), Sound Recordings (0.94), Electrical Parts (0.59), Glass Bricks (0.26), and Leather of Other Animals (-0.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
February, 2023
Overview In February 2023 Guangxi Zhuang Autonomous Region exported $3.57B and imported $3.48B, resulting in a positive trade balance of $92M. Between February 2022 and February 2023 the exports of Guangxi Zhuang Autonomous Region have increased by $1.15B (47.8%) from $2.42B to $3.57B, while imports increased by $1.18B (51.4%) from $2.3B to $3.48B.
Trade In February 2023, the top exports of Guangxi Zhuang Autonomous Region were Telephones ($291M), Commodities not elsewhere specified ($245M), Sound Recordings ($184M), Cars ($153M), and Computers ($127M). In February 2023 the top imports of Guangxi Zhuang Autonomous Region were Crude Petroleum ($519M), Commodities not elsewhere specified ($460M), Copper Ore ($328M), Soybeans ($268M), and Iron Ore ($227M).
Destinations In February 2023, Guangxi Zhuang Autonomous Region exported mostly to Vietnam ($1.83B), Hong Kong ($427M), Thailand ($228M), United States ($122M), and Malaysia ($108M), and imported mostly from Vietnam ($662M), United States ($334M), Canada ($191M), Australia ($187M), and Saudi Arabia ($161M).
Growth In February 2023, the increase in Guangxi Zhuang Autonomous Region's year-by-year exports was explained primarily by an increase in exports to Mexico ($64.4M or 275%), Indonesia ($41.8M or 162%), and Philippines ($25M or 118%), and product exports increase in Cars ($103M or 361%), Electric Batteries ($51.1M or 151%), and Integrated Circuits ($45.2M or 55.3%). In February 2023, the increase in Guangxi Zhuang Autonomous Region's year-by-year imports was explained primarily by an increase in imports from Canada ($210M or 301%), Saudi Arabia ($122M or 15k%), and Brazil ($90.8M or 86.2%), and product imports increase in Coal Briquettes ($344M or 1.12k%), Copper Ore ($104M or 35.2%), and Raw Copper ($56.4M or 423%).
EXPORT GROWTH (February 2022 - February 2023): $1.15B, (47.8%)
IMPORT GROWTH (February 2022 - February 2023): $1.18B, (51.4%)
This section shows exports and imports data at subnational level for Guangxi Zhuang Autonomous Region. 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 Guangxi Zhuang Autonomous Region over time.
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Top Destination (2022): Vietnam, $23.2B
Top Product (2022): Part Phone, recept Voice, $2.79B
In 2022 the top export destinations of Guangxi Zhuang Autonomous Region were Vietnam ($23.2B), Hong Kong ($6.7B), United States ($4.84B), Thailand ($2.29B), and Malaysia ($1.55B).
In 2022 the top exports of Guangxi Zhuang Autonomous Region were Part Phone, recept Voice ($2.79B), Commodities not specified according to kind ($2.3B), Electronic integrated circuits: memories ($1.65B), Communication apparatus (excluding telephone sets or... ($1.52B), and Units of automatic data processing machines:... ($1.37B).
Fastest Growing Exports Destination (Feb 2022 - Feb 2023)
Rapidly Declining Export Origins (Feb 2022 - Feb 2023)
Top Origin (2022): Vietnam, $6.05B
Top Import (2022): Copper ores and concentrates, $6.1B
In 2022 the top import origins of Guangxi Zhuang Autonomous Region were Vietnam ($6.05B), Brazil ($4.19B), Taiwan ($3.4B), Saudi Arabia ($2.72B), and Chile ($2.39B).
In 2022 the top imports of Guangxi Zhuang Autonomous Region were Copper ores and concentrates ($6.1B), Petroleum oils, oils from bituminous minerals,... ($5.16B), Soya beans: other than seed, whether... ($3.96B), Iron ore, concentrate, not iron pyrites,unagglomerate ($2.99B), and Commodities not specified according to kind ($2.87B).
Economic Complexity (2022): 0.076
Guangxi Zhuang Autonomous Region ranks 23rd 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 Guangxi Zhuang Autonomous Region already has a comparative advantage, are led by Other Cloth Articles (0.41), Rubber Apparel (0.39), Cast or Rolled Glass (0.39), Non-Retail Silk Yarn (0.39), and Children's Picture Books (0.38).
The highest complexity exports of Guangxi Zhuang Autonomous Region according to the product complexity index (PCI) are Titanium Oxides (0.98), Sound Recordings (0.94), Electrical Parts (0.59), Glass Bricks (0.26), and Leather of Other Animals (-0.87). 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 Sound Recordings (250.6), Cinnamon (76.2), Antimony (61.7), Glass Bricks (45.8), and Raw Silk (42.8).
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 Guangxi Zhuang Autonomous Region 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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