Overview: In December 2020 Heilongjiang Province exported $540M and imported $1.41B, resulting in a negative trade balance of $865M. Between December 2019 and December 2020 the exports of Heilongjiang Province have increased by $110M (25.5%) from $430M to $540M, while imports decreased by $-535M (-27.6%) from $1.94B to $1.41B.
Trade: In December 2020, the top exports of Heilongjiang Province were Telephones ($29.2M), Electrical Transformers ($26.8M), Oxygen Amino Compounds ($22.5M), Cars ($20.8M), and Insulated Wire ($20.6M). In December 2020 the top imports of Heilongjiang Province were Crude Petroleum ($834M), Petroleum Gas ($119M), Iron Ore ($80.9M), Rough Wood ($47M), and Sawn Wood ($43.4M).
Destinations: In December 2020, Heilongjiang Province exported mostly to Russia ($93.2M), Pakistan ($63.5M), United States ($58.1M), United Arab Emirates ($33.3M), and Hong Kong ($29.9M), and imported mostly from Russia ($1.1B), Australia ($58.8M), Iraq ($40.4M), Germany ($26.6M), and Japan ($23.7M).
Growth: In December 2020, the increase in Heilongjiang Province's year-by-year exports was explained primarily by an increase in exports to Pakistan ($54.9M or 637%), United States ($34.8M or 150%), and United Arab Emirates ($20M or 150%), and product exports increase in Telephones ($28.4M or 3.39k%), Electrical Transformers ($24.1M or 874%), and Light Fixtures ($13.6M or 616%). In December 2020, the decrease in Heilongjiang Province's year-by-year imports was explained primarily by an decrease in imports from Russia ($-298M or -21.3%), Saudi Arabia ($-64.5M or -87.2%), and Iraq ($-55.7M or -58%), and product imports decrease in Crude Petroleum ($-507M or -37.8%), Soybeans ($-71.1M or -84.7%), and Frozen Bovine Meat ($-33.2M or -84.8%).