Hubei ProvinceProvince in China
Exports (2019): $31.6B, Rnk 17/31
Top Destination (2019): $5.04B, United States
Top Export (2019): $1.45B, Telephones for cellular networks or for...
Imports (2019): $20.7B, Rnk 18/31
Top Origin (2019): $3.75B, Japan
Top Import (2019): $1.44B, Machines and apparatus of a kind...
Economic Complexity (2019): 0.15, Rnk 10 / 31
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 Glass with Edge Workings (1.88), Halides (1.77), Phosphoric Esters and Salts (1.74), Non-Mechanical Removal Machinery (1.73), and Wind Instruments (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
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).
Fastest Growing Exports Destination (April 2019 - April 2020)
Rapidly Declining Export Origins (April 2019 - April 2020)
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).
Fastest Growing Import Origins (April 2019 - April 2020)
This section shows differences between total trade from Hubei Province throughout time.
The territories of China with the highest exports in 2019 were Guangdong Province ($444B), Jiangsu Province ($347B), Zhejiang Province ($314B), Shanghai Province ($176B), and Shandong Province ($153B)
The territories of China with the highest imports in 2019 were Guangdong Province ($373B), Beijing ($293B), Shanghai Province ($288B), Jiangsu Province ($223B), and Shandong Province ($133B)
This section shows forecasts for total exports and imports from Hubei Province. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Hubei Province ranks 10th out of the 31 territories in China according to ECI.
Estimated using exports data.
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 (0.43), Wrenches (0.41), Woven Fabric of Synthetic Staple Fibers (0.4), Non-Knit Gloves (0.39), and Plastic Coated Textile Fabric (0.38).
The highest complexity exports of Hubei Province according to the product complexity index (PCI) are Glass with Edge Workings (1.88), Halides (1.77), Phosphoric Esters and Salts (1.74), Non-Mechanical Removal Machinery (1.73), and Wind Instruments (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Furskin Apparel (131), Dried Vegetables (49.8), Artificial Vegetation (31.5), Hypochlorites (28.2), and Other Organo-Inorganic Compounds (25.6).
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.
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.
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