Overview: In December 2020 Hubei Province exported $4.62B and imported $2.15B, resulting in a positive trade balance of $2.47B. Between December 2019 and December 2020 the exports of Hubei Province have increased by $1.39B (43.1%) from $3.23B to $4.62B, while imports increased by $463M (27.4%) from $1.69B to $2.15B.
Trade: In December 2020, the top exports of Hubei Province were Telephones ($487M), Integrated Circuits ($320M), Computers ($214M), Felt or Coated Fabric Garments ($184M), and Electrical Resistors ($154M). In December 2020 the top imports of Hubei Province were Integrated Circuits ($385M), Machines and apparatus of a kind... ($355M), Iron Ore ($99.4M), Copper Ore ($92.3M), and Platinum ($90.6M).
Destinations: In December 2020, Hubei Province exported mostly to Hong Kong ($683M), United States ($604M), Malaysia ($297M), South Korea ($235M), and India ($186M), and imported mostly from Japan ($455M), Taiwan ($287M), South Korea ($214M), United States ($149M), and China ($125M).
Growth: In December 2020, the increase in Hubei Province's year-by-year exports was explained primarily by an increase in exports to United States ($146M or 32%), Malaysia ($123M or 70.9%), and South Korea ($117M or 99.2%), and product exports increase in Telephones ($253M or 108%), Integrated Circuits ($233M or 267%), and Electrical Resistors ($153M or 12.7k%). In December 2020, the increase in Hubei Province's year-by-year imports was explained primarily by an increase in imports from Taiwan ($162M or 130%), Japan ($142M or 45.4%), and China ($42.1M or 50.6%), and product imports increase in Integrated Circuits ($176M or 84.2%), Copper Ore ($53.4M or 138%), and Platinum ($51.1M or 130%).