Hubei Province

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Overview: This page contains the latest international trade data for Hubei Province, including export and import data.

Exports: In 2019, China's Hubei Province exported $31.6B, making it the 17th largest exporter out of the 31 exporters in China. In 2019 the top exports of Hubei Province were Telephones for cellular networks or for... ($1.45B), Telephone sets and other apparatus for... ($1.35B), Parts and accessories of data processing... ($1.24B), Diammonium phosphate, in packs >10 kg ($551M), and Units of automatic data processing machines:... ($497M).

Imports: In 2019, China's Hubei Province imported $20.7B, making it the 18th largest importer out of the 31 importers in China. In 2019 top imports of Hubei Province were Machines and apparatus of a kind... ($1.44B), Electronic integrated circuits: processors and controllers,... ($1.38B), Copper ores and concentrates ($1.36B), Machines and apparatus of a kind... ($1.27B), and Machines and apparatus of heading 8486:... ($1.17B).

Economic Complexity: In 2019, the highest complexity exports of Hubei Province according to the product complexity index (PCI) are Other Esters (1.96), Halides (1.79), Glass with Edge Workings (1.78), Metalworking Machines (1.73), and Non-Mechanical Removal Machinery (1.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Trade

Yearly Exports

Value

Depth

Year

Top Destination (2019): United States, $5.04B

Top Product (2019): Telephones for cellular networks or for..., $1.45B

In 2019 the top export destinations of Hubei Province were United States ($5.04B), India ($1.79B), Brazil ($1.46B), Malaysia ($1.24B), and South Korea ($1.23B).

In 2019 the top exports of Hubei Province were Telephones for cellular networks or for... ($1.45B), Telephone sets and other apparatus for... ($1.35B), Parts and accessories of data processing... ($1.24B), Diammonium phosphate, in packs >10 kg ($551M), and Units of automatic data processing machines:... ($497M).

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Exports Dynamics

Starting DateEnding Date

Fastest Growing Exports Destination (Oct 2019 - Oct 2020)

United States , $402M (95.9%)
Vietnam , $92.6M (89.5%)
Italy , $78.7M (258%)

Rapidly Declining Export Origins (Oct 2019 - Oct 2020)

Russia , -$52.1M (-47%)
Netherlands , -$44.5M (-36.9%)
Kyrgyzstan , -$27.2M (-96.4%)

Yearly Imports

Value

Depth

Year

Top Origin (2019): Japan, $3.75B

Top Import (2019): Machines and apparatus of a kind..., $1.44B

In 2019 the top import origins of Hubei Province were Japan ($3.75B), South Korea ($2.18B), Taiwan ($1.89B), United States ($1.63B), and China ($1.22B).

In 2019 the top imports of Hubei Province were Machines and apparatus of a kind... ($1.44B), Electronic integrated circuits: processors and controllers,... ($1.38B), Copper ores and concentrates ($1.36B), Machines and apparatus of a kind... ($1.27B), and Machines and apparatus of heading 8486:... ($1.17B).

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Imports Dynamics

Starting DateEnding Date

Fastest Growing Import Origins (Oct 2019 - Oct 2020)

Taiwan , $112M (77.4%)
South Korea , $102M (40.6%)
South Africa , $66M (299%)

Rapidly Declining Import Origins (Oct 2019 - Oct 2020)

Japan , -$93.3M (-16%)
Brazil , -$39.4M (-57.4%)
Netherlands , -$39.4M (-43.2%)

Latest Data

Comparison in Time

Flow

Value

SectionStarting DateEnding Date

This section shows differences between total trade from Hubei Province throughout time.

Economic Complexity

Economic Complexity of China

Hubei Province ranks 12th out of the 31 provinces in China according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Hubei Province already has a comparative advantage, are led by Cinnamon (0.44), Wrenches (0.42), Gum Coated Textile Fabric (0.42), Woven Fabric of Synthetic Staple Fibers (0.41), and Non-Knit Gloves (0.41).

Most Complex Products by PCI

The highest complexity exports of Hubei Province according to the product complexity index (PCI) are Other Esters (1.96), Halides (1.79), Glass with Edge Workings (1.78), Metalworking Machines (1.73), and Non-Mechanical Removal Machinery (1.69). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Furskin Apparel (146), Dried Vegetables (61.8), Hypochlorites (28.8), Other Organo-Inorganic Compounds (26.8), and Phosphinates and Phosphonates (25.2).

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Hubei Province is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

This network shows the products most related to the production structure of Hubei Province. These are products that tend to be co-exported with the products that Hubei Province exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

Depth

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.