Overview: In December 2020 Jiangsu Province exported $41.7B and imported $24B, resulting in a positive trade balance of $17.7B. Between December 2019 and December 2020 the exports of Jiangsu Province have increased by $12.4B (42.4%) from $29.2B to $41.7B, while imports increased by $3.81B (18.9%) from $20.2B to $24B.
Trade: In December 2020, the top exports of Jiangsu Province were Computers ($3.88B), Integrated Circuits ($3.45B), Telephones ($2.78B), Semiconductor Devices ($1.05B), and Vehicle Parts ($659M). In December 2020 the top imports of Jiangsu Province were Integrated Circuits ($5.68B), Iron Ore ($1.09B), LCDs ($660M), Soybeans ($592M), and Semiconductor Devices ($509M).
Destinations: In December 2020, Jiangsu Province exported mostly to United States ($7.4B), Hong Kong ($3.68B), Japan ($2.81B), South Korea ($2.76B), and Netherlands ($1.86B), and imported mostly from South Korea ($3.75B), Taiwan ($3.62B), Japan ($3.15B), United States ($1.7B), and Germany ($1.36B).
Growth: In December 2020, the increase in Jiangsu Province's year-by-year exports was explained primarily by an increase in exports to United States ($1.36B or 22.5%), South Korea ($591M or 27.2%), and Vietnam ($571M or 44.7%), and product exports increase in Integrated Circuits ($2.14B or 163%), Computers ($1.31B or 50.7%), and Semiconductor Devices ($420M or 66.5%). In December 2020, the increase in Jiangsu Province's year-by-year imports was explained primarily by an increase in imports from Taiwan ($989M or 37.5%), South Korea ($483M or 14.8%), and United States ($476M or 39%), and product imports increase in Integrated Circuits ($1.69B or 42.5%), Iron Ore ($217M or 24.8%), and Petroleum Gas ($191M or 65.1%).