Hubei ProvinceProvince in China
2020 Economic Complexity : 0.17, Rank 12 of 31
Jul 2021 Trade Exports | Imports: $4.44B | $2.14B, 14 of 31 | 18 of 31
Jul 2021 Country Destination | Origin: United States | Japan , $685M | $370M
Jul 2021 Product Exports | Imports: Telephones for cellular networks or for other wireless... | Electronic integrated circuits: processors and controllers, whether or..., $319M | $246M
Overview This page contains the latest international trade data for Hubei Province, including export and import data.
Exports In 2020, China's Hubei Province exported $33.7B, making it the 17th largest exporter out of the 31 exporters in China. In 2020 the top exports of Hubei Province were Made up articles (textile) nes, textile... ($3.25B), Garments made up of textile felts... ($1.56B), Telephones for cellular networks or for... ($1.35B), Telephone sets and other apparatus for... ($849M), and Parts and accessories of data processing... ($757M).
Imports In 2020, China's Hubei Province imported $21.5B, making it the 17th largest importer out of the 31 importers in China. In 2020 top imports of Hubei Province were Machines and apparatus of a kind... ($1.67B), Machines and apparatus of a kind... ($1.52B), Machines and apparatus of heading 8486:... ($1.47B), Electronic integrated circuits: processors and controllers,... ($1.4B), and Copper ores and concentrates ($1.23B).
Economic Complexity In 2020, the highest complexity exports of Hubei Province according to the product complexity index (PCI) are Halides (1.97), Other Measuring Instruments (1.96), Other Esters (1.94), Iron Fasteners (1.9), and Glass with Edge Workings (1.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
July, 2021
Overview In July 2021 Hubei Province exported $4.44B and imported $2.14B, resulting in a positive trade balance of $2.3B. Between July 2020 and July 2021 the exports of Hubei Province have increased by $1.37B (44.7%) from $3.07B to $4.44B, while imports increased by $193M (9.89%) from $1.95B to $2.14B.
Trade In July 2021, the top exports of Hubei Province were Telephones ($535M), Mixed Mineral or Chemical Fertilizers ($258M), Computers ($192M), Integrated Circuits ($148M), and LCDs ($112M). In July 2021 the top imports of Hubei Province were Integrated Circuits ($480M), Machines and apparatus of a kind... ($285M), Iron Ore ($78.6M), Copper Ore ($76.8M), and Platinum ($75.3M).
Destinations In July 2021, Hubei Province exported mostly to United States ($685M), Hong Kong ($479M), Brazil ($248M), Vietnam ($178M), and India ($176M), and imported mostly from Japan ($370M), Taiwan ($304M), South Korea ($194M), United States ($153M), and China ($149M).
Growth In July 2021, the increase in Hubei Province's year-by-year exports was explained primarily by an increase in exports to Brazil ($142M or 134%), Mexico ($96.3M or 194%), and United States ($96.2M or 16.4%), and product exports increase in Telephones ($295M or 123%), Mixed Mineral or Chemical Fertilizers ($168M or 186%), and LCDs ($94.9M or 558%). In July 2021, the increase in Hubei Province's year-by-year imports was explained primarily by an increase in imports from Taiwan ($88M or 40.8%), Japan ($72.7M or 24.5%), and Australia ($33.5M or 49.8%), and product imports increase in Integrated Circuits ($213M or 80.1%), Platinum ($46.5M or 161%), and Crude Petroleum ($26.8M or 55.4%).
EXPORT GROWTH (July 2020 - July 2021): $1.37B, (44.7%)
IMPORT GROWTH (July 2020 - July 2021): $193M, (9.89%)
This section shows exports and imports data at subnational level for Hubei 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 Hubei Province over time.
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Top Destination (2020): United States, $5.66B
Top Product (2020): Made up articles (textile) nes, textile..., $3.25B
In 2020 the top export destinations of Hubei Province were United States ($5.66B), India ($1.42B), South Korea ($1.4B), Germany ($1.34B), and Japan ($1.28B).
In 2020 the top exports of Hubei Province were Made up articles (textile) nes, textile... ($3.25B), Garments made up of textile felts... ($1.56B), Telephones for cellular networks or for... ($1.35B), Telephone sets and other apparatus for... ($849M), and Parts and accessories of data processing... ($757M).
Fastest Growing Exports Destination (Jul 2020 - Jul 2021)
Rapidly Declining Export Origins (Jul 2020 - Jul 2021)
Top Origin (2020): Japan, $3.73B
Top Import (2020): Machines and apparatus of a kind..., $1.67B
In 2020 the top import origins of Hubei Province were Japan ($3.73B), Taiwan ($2.8B), South Korea ($2.63B), United States ($1.78B), and China ($1.21B).
In 2020 the top imports of Hubei Province were Machines and apparatus of a kind... ($1.67B), Machines and apparatus of a kind... ($1.52B), Machines and apparatus of heading 8486:... ($1.47B), Electronic integrated circuits: processors and controllers,... ($1.4B), and Copper ores and concentrates ($1.23B).
Fastest Growing Import Origins (Jul 2020 - Jul 2021)
Rapidly Declining Import Origins (Jul 2020 - Jul 2021)
Economic Complexity (2020): 0.17
Hubei Province ranks 12th 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 Hubei Province already has a comparative advantage, are led by Textile Footwear (0.38), Gum Coated Textile Fabric (0.38), Children's Picture Books (0.38), Diazo, Azo or Aoxy Compounds (0.38), and Semiconductor Devices (0.37).
The highest complexity exports of Hubei Province according to the product complexity index (PCI) are Halides (1.97), Other Measuring Instruments (1.96), Other Esters (1.94), Iron Fasteners (1.9), and Glass with Edge Workings (1.88). 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 Other Cloth Articles (114.5), Felt or Coated Fabric Garments (79.5), Furskin Apparel (59.6), Dried Vegetables (57.0), and Processed Mushrooms (34.6).
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 Hubei 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.