Overview In October 2022 Hubei Province exported $4.41B and imported $2.11B, resulting in a positive trade balance of $2.29B. Between October 2021 and October 2022 the exports of Hubei Province have decreased by $-848M (-16.1%) from $5.26B to $4.41B, while imports decreased by $-251M (-10.6%) from $2.37B to $2.11B.
Trade In October 2022, the top exports of Hubei Province were Telephones ($303M), Mixed Mineral or Chemical Fertilizers ($218M), Computers ($142M), Integrated Circuits ($124M), and Cars ($103M). In October 2022 the top imports of Hubei Province were Machines and apparatus of a kind... ($288M), Integrated Circuits ($260M), Iron Ore ($201M), Crude Petroleum ($149M), and Copper Ore ($77.8M).
Destinations In October 2022, Hubei Province exported mostly to United States ($437M), Hong Kong ($375M), India ($299M), South Korea ($239M), and Vietnam ($181M), and imported mostly from Japan ($268M), Taiwan ($216M), Australia ($149M), South Korea ($138M), and Netherlands ($107M).
Growth In October 2022, the decrease in Hubei Province's year-by-year exports was explained primarily by an decrease in exports to Australia ($-14.5M or -28.6%), Belgium ($-10.4M or -25%), and Burma ($-9.76M or -37.8%), and product exports decrease in Sauces and Seasonings ($-28.1M or -95.6%), Railway Freight Cars ($-27.6M or -81.7%), and Non-Knit Men's Suits ($-9.38M or -36.6%). In October 2022, the decrease in Hubei Province's year-by-year imports was explained primarily by an decrease in imports from Chile ($-81.7M or -78%), South Korea ($-45.1M or -19%), and Peru ($-23.6M or -44.2%), and product imports decrease in Copper Ore ($-146M or -77.3%), Telephones ($-43.3M or -53%), and Crude Petroleum ($-17.3M or -24%).