Hebei ProvinceProvince in China
2022 Economic Complexity : 0.14, Rank 15 of 31
Apr 2023 Trade Exports | Imports: $4.96B | $2.37B, 15 of 31 | 16 of 31
Apr 2023 Country Destination | Origin: United States | Australia , $659M | $836M
Apr 2023 Product Exports | Imports: Wheels including parts/accessories for motor vehicles | Iron ore, concentrate, not iron pyrites,unagglomerate , $192M | $998M
Overview This page contains the latest international trade data for Hebei Province. In April 2023 Hebei Province was the number 18 in total exports and the number 15 in total imports in China.
Exports In 2022, China's Hebei Province exported $51.2B, making it the 18th largest exporter out of the 31 exporters in China. In 2022 the top exports of Hebei Province were Wheels including parts/accessories for motor vehicles ($1.61B), Photovoltaic cells assembled in modules or... ($853M), Medium Sized Cars ($818M), Small Sized Cars ($803M), and Articles of apparel & clothing accessories... ($693M).
Imports In 2022, China's Hebei Province imported $33.4B, making it the 15th largest importer out of the 31 importers in China. In 2022 top imports of Hebei Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($12.7B), Soya beans: other than seed, whether... ($4.68B), Natural gas, liquefied ($3.59B), Petroleum oils, oils from bituminous minerals,... ($1.67B), and Bituminous coal, not agglomerated ($728M).
Economic Complexity In 2022, the highest complexity exports of Hebei Province according to the product complexity index (PCI) are Pitch Coke (0.71), Unprocessed Artificial Staple Fibers (0.58), Vegetable or Animal Dyes (0.31), Vegetable Alkaloids (0.17), Iron Cloth (0.072), Furskin Apparel (-0.19), Non-Retail Animal Hair Yarn (-0.25), Prepared Wool or Animal Hair (-0.81), and Cyanides (-0.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
April, 2023
Overview In April 2023 Hebei Province exported $4.96B and imported $2.37B, resulting in a positive trade balance of $2.59B. Between April 2022 and April 2023 the exports of Hebei Province have increased by $1.08B (27.9%) from $3.88B to $4.96B, while imports decreased by $-325M (-12.1%) from $2.69B to $2.37B.
Trade In April 2023, the top exports of Hebei Province were Cars ($455M), Motor vehicles; parts and accessories (8701... ($274M), Semiconductor Devices ($106M), Trunks and Cases ($99.1M), and Seats ($83M). In April 2023 the top imports of Hebei Province were Iron Ore ($1.01B), Coal Briquettes ($247M), Soybeans ($188M), Petroleum Gas ($179M), and Aluminium Ore ($62.5M).
Destinations In April 2023, Hebei Province exported mostly to United States ($659M), Russia ($372M), South Korea ($226M), Germany ($207M), and India ($178M), and imported mostly from Australia ($836M), Brazil ($269M), United States ($199M), Qatar ($138M), and Russia ($120M).
Growth In April 2023, the increase in Hebei Province's year-by-year exports was explained primarily by an increase in exports to United States ($57M or 10.7%), Vietnam ($50.5M or 55.7%), and Japan ($48.7M or 33.5%), and product exports increase in Cars ($122M or 140%), Nitrogen Heterocyclic Compounds ($67.8M or 176%), and Semiconductor Devices ($57.3M or 172%). In April 2023, the decrease in Hebei Province's year-by-year imports was explained primarily by an decrease in imports from Brazil ($-129M or -38.5%), United Arab Emirates ($-42.9M or -84.7%), and India ($-32.6M or -42.8%), and product imports decrease in Iron Ore ($-320M or -22.1%), Acyclic Alcohols ($-52.6M or -95%), and Machinery Having Individual Functions ($-9.75M or -61.6%).
EXPORT GROWTH (April 2022 - April 2023): $1.08B, (27.9%)
IMPORT GROWTH (April 2022 - April 2023): $-325M, (-12.1%)
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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Top Destination (2022): United States, $6.57B
Top Product (2022): Wheels including parts/accessories for motor vehicles, $1.61B
In 2022 the top export destinations of Hebei Province were United States ($6.57B), South Korea ($3.02B), Russia ($2.22B), India ($2.01B), and Vietnam ($1.81B).
In 2022 the top exports of Hebei Province were Wheels including parts/accessories for motor vehicles ($1.61B), Photovoltaic cells assembled in modules or... ($853M), Medium Sized Cars ($818M), Small Sized Cars ($803M), and Articles of apparel & clothing accessories... ($693M).
Top Origin (2022): Australia, $9.76B
Top Import (2022): Iron ore, concentrate, not iron pyrites,unagglomerate, $12.7B
In 2022 the top import origins of Hebei Province were Australia ($9.76B), Brazil ($5.22B), United States ($2.81B), Russia ($2.27B), and Qatar ($1.91B).
In 2022 the top imports of Hebei Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($12.7B), Soya beans: other than seed, whether... ($4.68B), Natural gas, liquefied ($3.59B), Petroleum oils, oils from bituminous minerals,... ($1.67B), and Bituminous coal, not agglomerated ($728M).
Economic Complexity (2022): 0.14
Hebei Province ranks 15th 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 Hebei Province already has a comparative advantage, are led by Wrenches (0.46), Artificial Textile Machinery (0.45), Cast or Rolled Glass (0.45), Eyewear Frames (0.44), and Knitting Machines (0.44).
The highest complexity exports of Hebei Province according to the product complexity index (PCI) are Pitch Coke (0.71), Unprocessed Artificial Staple Fibers (0.58), Vegetable or Animal Dyes (0.31), Vegetable Alkaloids (0.17), Iron Cloth (0.072), Furskin Apparel (-0.19), Non-Retail Animal Hair Yarn (-0.25), Prepared Wool or Animal Hair (-0.81), and Cyanides (-0.81). 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 Furskin Apparel (173.7), Non-Retail Animal Hair Yarn (91.7), Prepared Wool or Animal Hair (90.8), Pitch Coke (83.8), and Cyanides (73.7).
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.
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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