Hunan Province

Province in China

2019
Economic
Complexity
: 0.17, Rank 14 of 31

Dec 2020
Trade
Exports | Imports
: $6.96B | $2.48B, 8 of 31 | 17 of 31

Dec 2020
Country
Destination | Origin
: Hong Kong | Taiwan , $1.32B  | $271M

Dec 2020
Product
Exports | Imports
: Telephones | Integrated Circuits , $308M  | $469M

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

Exports: In 2020, China's Hunan Province exported $40.8B, making it the 12th largest exporter out of the 31 exporters in China. In 2020 the top exports of Hunan Province were Tricycles, scooters, pedal cars and similar... ($1.45B), Commodities not specified according to kind ($978M), Footwear, sole rubber, plastics uppers of... ($973M), Made up articles (textile) nes, textile... ($925M), and Telephone sets and other apparatus for... ($879M).

Imports: In 2020, China's Hunan Province imported $21.3B, making it the 18th largest importer out of the 31 importers in China. In 2020 top imports of Hunan Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($2.57B), Electronic integrated circuits: processors and controllers,... ($2.51B), Soya beans: other than seed, whether... ($1.11B), Electronic integrated circuits: n.e.c. in heading... ($735M), and Gold in unwrought forms non-monetary ($717M).

Economic Complexity: In 2019, the highest complexity exports of Hunan Province according to the product complexity index (PCI) are Tool Plates (1.93), Iron Fasteners (1.74), Self-Propelled Rail Transport (1.71), Cermets (1.69), and Hand Saws (1.68). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between Hunan Province's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit China's country profile.

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Yearly Exports

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Top Destination (2020): United States, $6.69B

Top Product (2020): Tricycles, scooters, pedal cars and similar..., $1.45B

In 2020 the top export destinations of Hunan Province were United States ($6.69B), Vietnam ($2.23B), Hong Kong ($2.2B), South Korea ($1.69B), and Singapore ($1.67B).

In 2020 the top exports of Hunan Province were Tricycles, scooters, pedal cars and similar... ($1.45B), Commodities not specified according to kind ($978M), Footwear, sole rubber, plastics uppers of... ($973M), Made up articles (textile) nes, textile... ($925M), and Telephone sets and other apparatus for... ($879M).

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Exports Dynamics

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Fastest Growing Exports Destination (Dec 2019 - Dec 2020)

Rapidly Declining Export Origins (Dec 2019 - Dec 2020)

Yearly Imports

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Value
Depth

Top Origin (2020): Taiwan, $2.34B

Top Import (2020): Iron ore, concentrate, not iron pyrites,unagglomerate, $2.57B

In 2020 the top import origins of Hunan Province were Taiwan ($2.34B), Australia ($2.01B), South Korea ($1.58B), Japan ($1.44B), and China ($1.34B).

In 2020 the top imports of Hunan Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($2.57B), Electronic integrated circuits: processors and controllers,... ($2.51B), Soya beans: other than seed, whether... ($1.11B), Electronic integrated circuits: n.e.c. in heading... ($735M), and Gold in unwrought forms non-monetary ($717M).

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Imports Dynamics

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Fastest Growing Import Origins (Dec 2019 - Dec 2020)

Rapidly Declining Import Origins (Dec 2019 - Dec 2020)

Economic Complexity

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Economic Complexity of China

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Hunan Province ranks 14th out of the 31 provinces in China according to ECI.

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 Hunan Province already has a comparative advantage, are led by Cinnamon (0.47), Eyewear Frames (0.44), Gum Coated Textile Fabric (0.44), Artificial Textile Machinery (0.43), and Labels (0.43).

Most Complex Products by PCI

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The highest complexity exports of Hunan Province according to the product complexity index (PCI) are Tool Plates (1.93), Iron Fasteners (1.74), Self-Propelled Rail Transport (1.71), Cermets (1.69), and Hand Saws (1.68). 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 Furskin Apparel (320), Fireworks (178), Lighters (70.8), Fake Hair (58.5), and Artificial Vegetation (51.3).

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 Hunan 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  Hunan Province. These are products that tend to be co-exported with the products that Hunan 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.