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%).