Hunan Province

Province in China

Exports (2019): $34.8B, Rnk 14/31

Top Destination (2019): $5.23B, United States

Top Export (2019): $1.54B, Tricycles, scooters, pedal cars and similar...

Imports (2019): $17.4B, Rnk 19/31

Top Origin (2019): $1.79B, Australia

Top Import (2019): $2.15B, Iron ore, concentrate, not iron pyrites,unagglomerate

Economic Complexity (2019): 0.076, Rnk 16 / 31

Exports: In 2019, China's Hunan Province exported $34.8B, making it the 14th largest exporter out of the 31 exporters in China. In 2019 the top exports of Hunan Province were Tricycles, scooters, pedal cars and similar... ($1.54B), Articles of apparel & clothing accessories... ($1.09B), Single loudspeakers, mounted in enclosure ($671M), Footwear, sole rubber, plastics uppers of... ($665M), and Porcelain bathroom, kitchen & other sanitary... ($545M).

Imports: In 2019, China's Hunan Province imported $17.4B, making it the 19th largest importer out of the 31 importers in China. In 2019 top imports of Hunan Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($2.15B), Electronic integrated circuits: processors and controllers,... ($1.33B), Electronic integrated circuits: n.e.c. in heading... ($933M), Gold in unwrought forms non-monetary ($525M), and Copper ores and concentrates ($498M).

Economic Complexity: In 2019, the highest complexity exports of Hunan Province according to the product complexity index (PCI) are Cermets (2.02), Tool Plates (1.95), Iron Fasteners (1.72), Polymer Ion-Exchangers (1.68), and Motor-working Tools (1.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): United States, $5.23B

Top Product (2019): Tricycles, scooters, pedal cars and similar..., $1.54B

In 2019 the top export destinations of Hunan Province were United States ($5.23B), South Korea ($1.78B), Russia ($1.62B), Malaysia ($1.58B), and Singapore ($1.44B).

In 2019 the top exports of Hunan Province were Tricycles, scooters, pedal cars and similar... ($1.54B), Articles of apparel & clothing accessories... ($1.09B), Single loudspeakers, mounted in enclosure ($671M), Footwear, sole rubber, plastics uppers of... ($665M), and Porcelain bathroom, kitchen & other sanitary... ($545M).

Export Dynamics

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Fastest Growing Exports Destination (April 2019 - April 2020)

Rapidly Declining Export Origins (April 2019 - April 2020)

Value
Depth

Top Origin (2019): Australia, $1.79B

Top Import (2019): Iron ore, concentrate, not iron pyrites,unagglomerate, $2.15B

In 2019 the top import origins of Hunan Province were Australia ($1.79B), Taiwan ($1.78B), South Korea ($1.65B), China ($1.53B), and Japan ($1.42B).

In 2019 the top imports of Hunan Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($2.15B), Electronic integrated circuits: processors and controllers,... ($1.33B), Electronic integrated circuits: n.e.c. in heading... ($933M), Gold in unwrought forms non-monetary ($525M), and Copper ores and concentrates ($498M).

Import Dynamics

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Fastest Growing Import Origins (April 2019 - April 2020)

Rapidly Declining Import Origins (April 2019 - April 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Hunan Province throughout time.

Comparison Map

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Value

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 Hunan Province. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of China

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Hunan Province ranks 16th out of the 31 territories in China according to ECI.

Estimated using exports data.

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), LCDs (0.44), Plastic Coated Textile Fabric (0.43), Labels (0.43), and Pile Fabric (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 Cermets (2.02), Tool Plates (1.95), Iron Fasteners (1.72), Polymer Ion-Exchangers (1.68), and Motor-working Tools (1.63). 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 (289), Fireworks (182), Lighters (69.5), Artificial Vegetation (64.1), and Fake Hair (56).

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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Depth

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.