Overview In December 2022 Hubei Province exported $5.33B and imported $2.23B, resulting in a positive trade balance of $3.1B. Between December 2021 and December 2022 the exports of Hubei Province have decreased by $-570M (-9.66%) from $5.9B to $5.33B, while imports increased by $99.3M (4.66%) from $2.13B to $2.23B.
Trade In December 2022, the top exports of Hubei Province were Telephones ($373M), Computers ($132M), Integrated Circuits ($120M), Electric Batteries ($120M), and Cars ($112M). In December 2022 the top imports of Hubei Province were Copper Ore ($349M), Integrated Circuits ($292M), Crude Petroleum ($178M), Iron Ore ($176M), and Machines and apparatus of a kind... ($173M).
Destinations In December 2022, Hubei Province exported mostly to United States ($606M), Hong Kong ($552M), Vietnam ($301M), India ($258M), and South Korea ($256M), and imported mostly from Japan ($279M), Chile ($238M), Taiwan ($199M), United Arab Emirates ($181M), and Brazil ($117M).
Growth In December 2022, the decrease in Hubei Province's year-by-year exports was explained primarily by an decrease in exports to Italy ($-69.6M or -59.7%), Denmark ($-61.6M or -93.7%), and Peru ($-23.4M or -54.8%), and product exports decrease in Felt or Coated Fabric Garments ($-131M or -76.5%), Furskin Apparel ($-44.8M or -89.7%), and Light Fixtures ($-41.4M or -62.2%). In December 2022, the increase in Hubei Province's year-by-year imports was explained primarily by an increase in imports from South Korea ($135M or 70.1%), Taiwan ($117M or 36.6%), and China ($106M or 80.3%), and product imports increase in Integrated Circuits ($326M or 80.1%), Copper Ore ($158M or 369%), and Raw Copper ($26M or 14k%).