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

Exports In 2020, China's Hubei Province exported $33.7B, making it the 17th largest exporter out of the 31 exporters in China. In 2020 the top exports of Hubei Province were Made up articles (textile) nes, textile... ($3.25B), Garments made up of textile felts... ($1.56B), Telephones for cellular networks or for... ($1.35B), Telephone sets and other apparatus for... ($849M), and Parts and accessories of data processing... ($757M).

Imports In 2020, China's Hubei Province imported $21.5B, making it the 17th largest importer out of the 31 importers in China. In 2020 top imports of Hubei Province were Machines and apparatus of a kind... ($1.67B), Machines and apparatus of a kind... ($1.52B), Machines and apparatus of heading 8486:... ($1.47B), Electronic integrated circuits: processors and controllers,... ($1.4B), and Copper ores and concentrates ($1.23B).

Economic Complexity In 2020, the highest complexity exports of Hubei Province according to the product complexity index (PCI) are Halides (1.97), Other Measuring Instruments (1.96), Other Esters (1.94), Iron Fasteners (1.9), and Glass with Edge Workings (1.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2020): United States, $5.66B

Top Product (2020): Made up articles (textile) nes, textile..., $3.25B

In 2020 the top export destinations of Hubei Province were United States ($5.66B), India ($1.42B), South Korea ($1.4B), Germany ($1.34B), and Japan ($1.28B).

In 2020 the top exports of Hubei Province were Made up articles (textile) nes, textile... ($3.25B), Garments made up of textile felts... ($1.56B), Telephones for cellular networks or for... ($1.35B), Telephone sets and other apparatus for... ($849M), and Parts and accessories of data processing... ($757M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jul 2020 - Jul 2021)

Rapidly Declining Export Origins (Jul 2020 - Jul 2021)

Yearly Imports

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Top Origin (2020): Japan, $3.73B

Top Import (2020): Machines and apparatus of a kind..., $1.67B

In 2020 the top import origins of Hubei Province were Japan ($3.73B), Taiwan ($2.8B), South Korea ($2.63B), United States ($1.78B), and China ($1.21B).

In 2020 the top imports of Hubei Province were Machines and apparatus of a kind... ($1.67B), Machines and apparatus of a kind... ($1.52B), Machines and apparatus of heading 8486:... ($1.47B), Electronic integrated circuits: processors and controllers,... ($1.4B), and Copper ores and concentrates ($1.23B).

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Imports Dynamics

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Fastest Growing Import Origins (Jul 2020 - Jul 2021)

Rapidly Declining Import Origins (Jul 2020 - Jul 2021)

Economic Complexity

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Economic Complexity of China

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Economic Complexity (2020): 0.17

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

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Hubei Province already has a comparative advantage, are led by Textile Footwear (0.38), Gum Coated Textile Fabric (0.38), Children's Picture Books (0.38), Diazo, Azo or Aoxy Compounds (0.38), and Semiconductor Devices (0.37).

Most Complex Products by PCI

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The highest complexity exports of Hubei Province according to the product complexity index (PCI) are Halides (1.97), Other Measuring Instruments (1.96), Other Esters (1.94), Iron Fasteners (1.9), and Glass with Edge Workings (1.88). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Other Cloth Articles (114.5), Felt or Coated Fabric Garments (79.5), Furskin Apparel (59.6), Dried Vegetables (57.0), and Processed Mushrooms (34.6).

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.

Relatedness Space

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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

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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.