Jiangsu Province

Overview In December 2024 Jiangsu Province exported $50.4B and imported $22.9B, resulting in a positive trade balance of $27.5B. Between December 2023 and December 2024 the exports of Jiangsu Province have increased by $6.51B (14.9%) from $43.8B to $50.4B, while imports decreased by $-518M (-2.21%) from $23.4B to $22.9B.

Trade In December 2024, the top exports of Jiangsu Province were Telephones ($4.02B), Integrated Circuits ($3.25B), Computers ($2.02B), Special Purpose Ships ($1.35B), and Electric Batteries ($1.2B). In December 2024 the top imports of Jiangsu Province were Integrated Circuits ($5.35B), Crude Petroleum ($750M), Iron Ore ($712M), Petroleum Gas ($598M), and Soybeans ($525M).

Destinations In December 2024, Jiangsu Province exported mostly to United States ($8B), South Korea ($3.46B), Hong Kong ($2.36B), Indonesia ($2.27B), and Vietnam ($2.25B), and imported mostly from South Korea ($4B), Chinese Taipei ($3.15B), Japan ($2.25B), United States ($1.44B), and Vietnam ($1.18B).

Growth In December 2024, the increase in Jiangsu Province's year-by-year exports was explained primarily by an increase in exports to Indonesia ($1.45B or 176%), South Korea ($616M or 21.7%), and Thailand ($315M or 29.4%), and product exports increase in Special Purpose Ships ($1.3B or 2.98k%), Passenger and Cargo Ships ($570M or 94.7%), and Integrated Circuits ($307M or 10.4%). In December 2024, the decrease in Jiangsu Province's year-by-year imports was explained primarily by an decrease in imports from Australia ($-499M or -41.4%), Brazil ($-358M or -42.6%), and United Arab Emirates ($-273M or -70.5%), and product imports decrease in Iron Ore ($-417M or -36.9%), Sound Recordings ($-396M or -43.7%), and Soybeans ($-358M or -40.6%).