Overview: In December 2020 Hunan Province exported $6.96B and imported $2.48B, resulting in a positive trade balance of $4.48B. Between December 2019 and December 2020 the exports of Hunan Province have increased by $3.73B (115%) from $3.23B to $6.96B, while imports increased by $981M (65.4%) from $1.5B to $2.48B.
Trade: In December 2020, the top exports of Hunan Province were Telephones ($308M), Light Fixtures ($306M), Commodities not elsewhere specified ($254M), Microphones and Headphones ($218M), and Integrated Circuits ($218M). In December 2020 the top imports of Hunan Province were Integrated Circuits ($469M), Iron Ore ($282M), Gold ($144M), Soybeans ($136M), and Delivery Trucks ($68.8M).
Destinations: In December 2020, Hunan Province exported mostly to Hong Kong ($1.32B), United States ($1.1B), Vietnam ($288M), United Kingdom ($228M), and Germany ($225M), and imported mostly from Taiwan ($271M), Japan ($257M), United States ($248M), Australia ($184M), and South Africa ($184M).
Growth: In December 2020, the increase in Hunan Province's year-by-year exports was explained primarily by an increase in exports to United States ($595M or 117%), Vietnam ($158M or 121%), and Germany ($138M or 157%), and product exports increase in Telephones ($252M or 451%), Commodities not elsewhere specified ($239M or 1.62k%), and Integrated Circuits ($217M or 20.2k%). In December 2020, the increase in Hunan Province's year-by-year imports was explained primarily by an increase in imports from United States ($193M or 351%), Japan ($154M or 149%), and South Africa ($110M or 149%), and product imports increase in Integrated Circuits ($201M or 75.1%), Soybeans ($130M or 2.15k%), and Iron Ore ($113M or 67.1%).