Jiangsu Province

Overview In October 2024 Jiangsu Province exported $45.4B and imported $23.7B, resulting in a positive trade balance of $21.7B. Between October 2023 and October 2024 the exports of Jiangsu Province have increased by $4.77B (11.7%) from $40.6B to $45.4B, while imports increased by $495M (2.13%) from $23.2B to $23.7B.

Trade In October 2024, the top exports of Jiangsu Province were Telephones ($6.49B), Integrated Circuits ($2.84B), Computers ($2.13B), Passenger and Cargo Ships ($1.11B), and Electric Batteries ($935M). In October 2024 the top imports of Jiangsu Province were Integrated Circuits ($5.93B), Sound Recordings ($1.09B), Iron Ore ($813M), Broadcasting Accessories ($739M), and Petroleum Gas ($728M).

Destinations In October 2024, Jiangsu Province exported mostly to United States ($8.1B), South Korea ($3.2B), Japan ($2.51B), Hong Kong ($2.15B), and Vietnam ($2.01B), and imported mostly from South Korea ($4.2B), Chinese Taipei ($3.49B), Japan ($2.22B), Vietnam ($1.51B), and United States ($1.49B).

Growth In October 2024, the increase in Jiangsu Province's year-by-year exports was explained primarily by an increase in exports to South Korea ($467M or 17.1%), Saudi Arabia ($295M or 68.2%), and Brazil ($282M or 45.6%), and product exports increase in Integrated Circuits ($547M or 23.9%), Railway Cargo Containers ($343M or 185%), and Cars ($247M or 86.1%). In October 2024, the increase in Jiangsu Province's year-by-year imports was explained primarily by an increase in imports from South Korea ($599M or 16.6%), Iraq ($220M or 42.1M%), and United States ($163M or 12.3%), and product imports increase in Integrated Circuits ($737M or 14.2%), Sound Recordings ($363M or 50%), and Refined Copper ($180M or 56.2%).