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Overview This page contains the latest international trade data for Hebei Province. In December 2023 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.

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 (Dec 2022 - Dec 2023)
Russia $177M (83.3%)
Australia $93.6M (74.8%)
Brazil $92.5M (108%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
United States -$108M (-16%)
South Africa -$52.4M (-52.6%)
India -$42.7M (-22%)

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Yearly Imports

Color
Depth
Top Origin (2023)Australia$9.8B

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 (Dec 2022 - Dec 2023)
Australia $446M (74.1%)
Malaysia $376M (190%)
Brazil $289M (184%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Russia -$303M (-62.3%)
Peru -$131M (-84.8%)
United States -$89M (-17.9%)

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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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