Overview In August 2021 Hebei Province exported $3.76B and imported $4.07B, resulting in a negative trade balance of $313M. Between August 2020 and August 2021 the exports of Hebei Province have increased by $644M (20.6%) from $3.12B to $3.76B, while imports increased by $1.83B (81.3%) from $2.25B to $4.07B.
Trade In August 2021, the top exports of Hebei Province were Vehicle Parts ($165M), Furskin Apparel ($160M), Coated Flat-Rolled Iron ($136M), Cars ($114M), and Rubber Apparel ($69.4M). In August 2021 the top imports of Hebei Province were Iron Ore ($2.29B), Soybeans ($624M), Petroleum Gas ($191M), Coal Briquettes ($110M), and Crude Petroleum ($57.2M).
Destinations In August 2021, Hebei Province exported mostly to United States ($484M), South Korea ($316M), Russia ($262M), Japan ($132M), and Netherlands ($123M), and imported mostly from Australia ($1.57B), Brazil ($1.17B), Russia ($153M), United States ($143M), and South Africa ($129M).
Growth In August 2021, the increase in Hebei Province's year-by-year exports was explained primarily by an increase in exports to South Korea ($164M or 108%), Netherlands ($60.3M or 96.5%), and Belgium ($54.3M or 120%), and product exports increase in Coated Flat-Rolled Iron ($84.3M or 163%), Cars ($57M or 101%), and Cold-Rolled Iron ($55.7M or 1.05k%). In August 2021, the increase in Hebei Province's year-by-year imports was explained primarily by an increase in imports from Australia ($740M or 89.4%), Brazil ($692M or 144%), and United States ($97.7M or 217%), and product imports increase in Iron Ore ($1.06B or 86.8%), Soybeans ($429M or 219%), and Petroleum Gas ($87.9M or 85.4%).