Overview In April 2023 Hubei Province exported $4.97B and imported $2.12B, resulting in a positive trade balance of $2.84B. Between April 2022 and April 2023 the exports of Hubei Province have decreased by $-74.9M (-1.49%) from $5.04B to $4.97B, while imports decreased by $-513M (-19.5%) from $2.64B to $2.12B.
Trade In April 2023, the top exports of Hubei Province were Telephones ($325M), Computers ($145M), Integrated Circuits ($133M), Cars ($124M), and Mixed Mineral or Chemical Fertilizers ($111M). In April 2023 the top imports of Hubei Province were Copper Ore ($369M), Integrated Circuits ($328M), Iron Ore ($208M), Machines and apparatus of a kind... ($189M), and Platinum ($97.4M).
Destinations In April 2023, Hubei Province exported mostly to United States ($626M), Hong Kong ($497M), South Korea ($280M), India ($271M), and Russia ($223M), and imported mostly from Taiwan ($208M), Japan ($196M), United States ($151M), Peru ($142M), and Australia ($132M).
Growth In April 2023, the decrease in Hubei Province's year-by-year exports was explained primarily by an decrease in exports to Italy ($-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 ($-41.4M or -62.2%). In April 2023, the decrease in Hubei Province's year-by-year imports was explained primarily by an decrease in imports from Japan ($-223M or -43.7%), United States ($-165M or -58.8%), and Netherlands ($-108M or -89.3%), and product imports decrease in Machines and apparatus of a kind... ($-573M or -80.4%), Other Measuring Instruments ($-42.7M or -50.4%), and Other Precious Metal Products ($-33.5M or -100%).