Henan ProvinceProvince in China
2019 Economic Complexity: 0.0082, Rank 22 of 31
Dec 2020 Trade Exports | Imports: $8.51B | $5.37B, 7 of 31 | 9 of 31
Dec 2020 Country Destination | Origin: United States | Taiwan , $3.19B | $1.54B
Dec 2020 Product Exports | Imports: Telephones | Integrated Circuits , $5.36B | $2.27B
Overview: This page contains the latest international trade data for Henan Province, including export and import data.
Exports: In 2020, China's Henan Province exported $56.7B, making it the 9th largest exporter out of the 31 exporters in China. In 2020 the top exports of Henan Province were Telephones for cellular networks or for... ($33.2B), Commodities not specified according to kind ($2.77B), Aluminium alloy rectangular plate/sheet/strip,t >0.2m ($789M), Telephone sets and other apparatus for... ($696M), and Wigs, false beards, eyebrows etc, of... ($684M).
Imports: In 2020, China's Henan Province imported $36.7B, making it the 11th largest importer out of the 31 importers in China. In 2020 top imports of Henan Province were Electronic integrated circuits: processors and controllers,... ($8.47B), Parts for radio/tv transmit/receive equipment, nes ($4.6B), Telephone sets and other apparatus for... ($3.37B), Electronic integrated circuits: memories ($2.18B), and Electronic integrated circuits: amplifiers ($2.08B).
Economic Complexity: In 2019, the highest complexity exports of Henan Province according to the product complexity index (PCI) are Artificial Textile Machinery (2.06), Disc Chemicals for Electronics (2.01), Tool Plates (1.93), Halides (1.79), and Glass with Edge Workings (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In December 2020 Henan Province exported $8.51B and imported $5.37B, resulting in a positive trade balance of $3.14B. Between December 2019 and December 2020 the exports of Henan Province have increased by $3.28B (62.7%) from $5.23B to $8.51B, while imports increased by $3.19B (147%) from $2.18B to $5.37B.
Trade: In December 2020, the top exports of Henan Province were Telephones ($5.36B), Commodities not elsewhere specified ($479M), Silver ($264M), Fake Hair ($198M), and Aluminium Plating ($94.7M). In December 2020 the top imports of Henan Province were Integrated Circuits ($2.27B), Telephones ($841M), Broadcasting Accessories ($825M), Precious Metal Ore ($144M), and Copper Ore ($129M).
Destinations: In December 2020, Henan Province exported mostly to United States ($3.19B), Hong Kong ($583M), Netherlands ($553M), United Kingdom ($382M), and Germany ($260M), and imported mostly from Taiwan ($1.54B), South Korea ($1.09B), Vietnam ($937M), China ($365M), and Japan ($221M).
Growth: In December 2020, the increase in Henan Province's year-by-year exports was explained primarily by an increase in exports to United States ($1.49B or 87.7%), United Kingdom ($221M or 138%), and Australia ($111M or 114%), and product exports increase in Telephones ($2.1B or 64.3%), Commodities not elsewhere specified ($371M or 342%), and Seats ($55M or 252%). In December 2020, the increase in Henan Province's year-by-year imports was explained primarily by an increase in imports from Taiwan ($1.06B or 220%), South Korea ($856M or 361%), and Vietnam ($582M or 164%), and product imports increase in Integrated Circuits ($1.39B or 157%), Telephones ($801M or 1.99k%), and Broadcasting Accessories ($522M or 172%).
EXPORT GROWTH (December 2019 - December 2020): $3.28B, (62.7%)
IMPORT GROWTH (December 2019 - December 2020): $3.19B, (147%)
This section shows exports and imports data at subnational level for Henan 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 Henan Province over time.
This section shows the differences between Henan Province's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit China's country profile.
Top Destination (2020): United States, $18.8B
Top Product (2020): Telephones for cellular networks or for..., $33.2B
In 2020 the top export destinations of Henan Province were United States ($18.8B), Netherlands ($4.45B), Japan ($3.09B), United Kingdom ($2.59B), and Germany ($2.21B).
In 2020 the top exports of Henan Province were Telephones for cellular networks or for... ($33.2B), Commodities not specified according to kind ($2.77B), Aluminium alloy rectangular plate/sheet/strip,t >0.2m ($789M), Telephone sets and other apparatus for... ($696M), and Wigs, false beards, eyebrows etc, of... ($684M).
Fastest Growing Exports Destination (Dec 2019 - Dec 2020)
Rapidly Declining Export Origins (Dec 2019 - Dec 2020)
Top Origin (2020): Taiwan, $9.59B
Top Import (2020): Electronic integrated circuits: processors and controllers,..., $8.47B
In 2020 the top import origins of Henan Province were Taiwan ($9.59B), Vietnam ($5.93B), South Korea ($5.31B), China ($2.95B), and Mexico ($1.62B).
In 2020 the top imports of Henan Province were Electronic integrated circuits: processors and controllers,... ($8.47B), Parts for radio/tv transmit/receive equipment, nes ($4.6B), Telephone sets and other apparatus for... ($3.37B), Electronic integrated circuits: memories ($2.18B), and Electronic integrated circuits: amplifiers ($2.08B).
Henan Province ranks 22nd out of the 31 provinces in China according to ECI.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Henan Province already has a comparative advantage, are led by Vacuum Flask (0.21), Cinnamon (0.21), Wrenches (0.2), Combs (0.2), and Carboxyamide Compounds (0.2).
The highest complexity exports of Henan Province according to the product complexity index (PCI) are Artificial Textile Machinery (2.06), Disc Chemicals for Electronics (2.01), Tool Plates (1.93), Halides (1.79), and Glass with Edge Workings (1.78). 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 Fake Hair (178), Processed Mushrooms (107), Telephones (83.9), Dried Vegetables (61.8), and Non-Retail Artificial Filament Yarn (49).
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 Henan 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.
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