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Province in China

2023
Economic
Complexity 0.16Rank 14 of 31
Sep 2024
Trade
Exports | Imports $4.27B | $2.67B17 of 31 | 15 of 31
Sep 2024
Country
Destination | Origin Russia | Australia $478M  | $807M

About

Overview This page contains the latest international trade data for Hebei Province. In September 2024 Hebei Province was the number 17 in total exports and the number 15 in total imports in China.

Exports In 2023, China's Hebei Province exported $51.2B, making it the 17th largest exporter out of the 31 exporters in China. In 2023 the top exports of Hebei Province were Medium Sized Cars ($1.89B), Wheels including parts/accessories for motor vehicles ($1.8B), Small Sized Cars ($1.71B), Photosensitive devices; assembled photovoltaic modules/panels ($996M), and Electric motor Vehicles ($908M).

Imports In 2023, China's Hebei Province imported $33.4B, making it the 15th largest importer out of the 31 importers in China. In 2023 top imports of Hebei Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($12.6B), Natural gas, liquefied ($4.16B), Soya beans: other than seed, whether... ($3.87B), Bituminous coal, not agglomerated ($949M), and Petroleum oils, oils from bituminous minerals,... ($823M).

Economic Complexity In 2023, the highest complexity exports of Hebei Province according to the product complexity index (PCI) are Metalworking Machines (2.24), Photographic Chemicals (2.23), Non-Mechanical Removal Machinery (1.95), Phosphoric Esters and Salts (1.91), Metal Pickling Preparations (1.84), Iron Fasteners (1.83), Rubberworking Machinery (1.83), Interchangeable Tool Parts (1.82), Other Organo-Inorganic Compounds (1.8), and Polymer Ion-Exchangers (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

September, 2024

About

Overview In September 2024 Hebei Province exported $4.27B and imported $2.67B, resulting in a positive trade balance of $1.6B. Between September 2023 and September 2024 the exports of Hebei Province have increased by $151M (3.66%) from $4.12B to $4.27B, while imports increased by $192M (7.73%) from $2.48B to $2.67B.

Trade In September 2024, the top exports of Hebei Province were Cars ($650M), Motor vehicles; parts and accessories (8701... ($222M), Hot-Rolled Iron ($159M), Coated Flat-Rolled Iron ($84.1M), and Iron Structures ($67.5M). In September 2024 the top imports of Hebei Province were Iron Ore ($947M), Soybeans ($356M), Petroleum Gas ($345M), Other Fruits ($123M), and Coal Briquettes ($92.8M).

Destinations In September 2024, Hebei Province exported mostly to Russia ($478M), United States ($419M), South Korea ($211M), Vietnam ($173M), and Brazil ($170M), and imported mostly from Australia ($807M), Brazil ($645M), Qatar ($131M), Vietnam ($119M), and Russia ($112M).

Growth In September 2024, the increase in Hebei Province's year-by-year exports was explained primarily by an increase in exports to Belgium ($97.9M or 353%), Brazil ($62.9M or 58.6%), and Russia ($38.8M or 8.83%), and product exports increase in Cars ($187M or 40.4%), Hot-Rolled Iron ($52.3M or 48.9%), and Coated Flat-Rolled Iron ($37.9M or 81.8%). In September 2024, the increase in Hebei Province's year-by-year imports was explained primarily by an increase in imports from Brazil ($172M or 36.4%), Australia ($165M or 25.7%), and Vietnam ($59.5M or 99.7%), and product imports increase in Soybeans ($121M or 51.6%), Petroleum Gas ($110M or 46.6%), and Other Fruits ($56.9M or 86%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (September 2023 - September 2024)$151M(3.66%)
IMPORT GROWTH (September 2023 - September 2024)$192M(7.73%)

This section shows exports and imports data at subnational level for Hebei Province. 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 Hebei Province over time.

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)United States$6.51B
Top Product (2023)Medium Sized Cars$1.89B

In 2023 the top export destinations of Hebei Province were United States ($6.51B), Russia ($4.55B), South Korea ($2.75B), Australia ($2.12B), and India ($1.7B).

In 2023 the top exports of Hebei Province were Medium Sized Cars ($1.89B), Wheels including parts/accessories for motor vehicles ($1.8B), Small Sized Cars ($1.71B), Photosensitive devices; assembled photovoltaic modules/panels ($996M), and Electric motor Vehicles ($908M).

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Exports Dynamics

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)
Belgium $97.9M (353%)
Brazil $62.9M (58.6%)
Russia $38.8M (8.83%)
Rapidly Declining Export Origins (Sep 2023 - Sep 2024)
United States -$85.5M (-17%)
Australia -$74.9M (-41.2%)
Singapore -$50.7M (-55.8%)

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Yearly Imports

Color
Depth
Top Origin (2023)Australia$9.8B
Top Import (2023)Iron ore, concentrate, not iron pyrites,unagglomerate$12.6B

In 2023 the top import origins of Hebei Province were Australia ($9.8B), Brazil ($5.05B), United States ($2.42B), Russia ($2.19B), and Qatar ($2.1B).

In 2023 the top imports of Hebei Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($12.6B), Natural gas, liquefied ($4.16B), Soya beans: other than seed, whether... ($3.87B), Bituminous coal, not agglomerated ($949M), and Petroleum oils, oils from bituminous minerals,... ($823M).

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Imports Dynamics

Fastest Growing Import Origins (Sep 2023 - Sep 2024)
Brazil $172M (36.4%)
Australia $165M (25.7%)
Vietnam $59.5M (99.7%)
Rapidly Declining Import Origins (Sep 2023 - Sep 2024)
Malaysia -$129M (-63.5%)
Russia -$54.1M (-32.5%)
South Africa -$37.5M (-43.5%)

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Economic Complexity

Economic Complexity of Hebei Province

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Economic Complexity (2023)0.16

Hebei Province ranks 14th 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.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Hebei Province already has a comparative advantage, are led by Woven Fabric of Synthetic Staple Fibers (0.46), Jute Yarn (0.46), Telephones (0.46), Children's Picture Books (0.46), and Non-Retail Silk Yarn (0.45).

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Most Complex Products by PCI

The highest complexity exports of Hebei Province according to the product complexity index (PCI) are Metalworking Machines (2.24), Photographic Chemicals (2.23), Non-Mechanical Removal Machinery (1.95), Phosphoric Esters and Salts (1.91), Metal Pickling Preparations (1.84), Iron Fasteners (1.83), Rubberworking Machinery (1.83), Interchangeable Tool Parts (1.82), Other Organo-Inorganic Compounds (1.8), and Polymer Ion-Exchangers (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Non-Retail Animal Hair Yarn (105.88), Cyanides (90.75), Furskin Apparel (88.82), Pitch Coke (75.85), and Prepared Wool or Animal Hair (67.55).

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Product Space

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 Hebei Province 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.

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Relatedness Space

This network shows the products most related to the production structure of  Hebei Province. These are products that tend to be co-exported with the products that Hebei Province exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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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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