Overview In September 2021 Hubei Province exported $4.98B and imported $2.8B, resulting in a positive trade balance of $2.19B. Between September 2020 and September 2021 the exports of Hubei Province have increased by $1.65B (49.5%) from $3.33B to $4.98B, while imports increased by $145M (5.48%) from $2.65B to $2.8B.
Trade In September 2021, the top exports of Hubei Province were Telephones ($603M), Mixed Mineral or Chemical Fertilizers ($208M), Integrated Circuits ($204M), Computers ($183M), and Cars ($133M). In September 2021 the top imports of Hubei Province were Integrated Circuits ($489M), Iron Ore ($461M), Machines and apparatus of a kind... ($284M), Crude Petroleum ($149M), and Copper Ore ($126M).
Destinations In September 2021, Hubei Province exported mostly to United States ($730M), Hong Kong ($563M), Brazil ($257M), India ($196M), and South Korea ($185M), and imported mostly from Australia ($395M), Taiwan ($336M), Japan ($253M), South Korea ($202M), and China ($165M).
Growth In September 2021, the increase in Hubei Province's year-by-year exports was explained primarily by an increase in exports to Pakistan ($79.2M or 228%), India ($71.7M or 57.7%), and Bangladesh ($56.6M or 247%), and product exports increase in Telephones ($411M or 213%), Mixed Mineral or Chemical Fertilizers ($161M or 344%), and Cars ($120M or 880%). In September 2021, the increase in Hubei Province's year-by-year imports was explained primarily by an increase in imports from N/A, and product imports increase in Iron Ore ($417M or 942%), Copper Ore ($44.4M or 54.6%), and Soybeans ($40.7M or 289%).