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%).