Overview In July 2021 Jiangsu Province exported $40.7B and imported $25.2B, resulting in a positive trade balance of $15.5B. Between July 2020 and July 2021 the exports of Jiangsu Province have increased by $8.58B (26.7%) from $32.2B to $40.7B, while imports increased by $3.37B (15.4%) from $21.9B to $25.2B.
Trade In July 2021, the top exports of Jiangsu Province were Computers ($3.24B), Integrated Circuits ($3.08B), Telephones ($1.97B), Semiconductor Devices ($1.1B), and Vehicle Parts ($623M). In July 2021 the top imports of Jiangsu Province were Integrated Circuits ($6.16B), Iron Ore ($1.72B), Soybeans ($870M), LCDs ($650M), and Semiconductor Devices ($568M).
Destinations In July 2021, Jiangsu Province exported mostly to United States ($7.65B), Hong Kong ($3.02B), Japan ($2.6B), South Korea ($2.55B), and Vietnam ($1.98B), and imported mostly from South Korea ($4.32B), Taiwan ($3.75B), Japan ($2.9B), Australia ($1.49B), and Germany ($1.34B).
Growth In July 2021, the increase in Jiangsu Province's year-by-year exports was explained primarily by an increase in exports to United States ($810M or 11.8%), South Korea ($438M or 20.7%), and Mexico ($406M or 77.7%), and product exports increase in Integrated Circuits ($1.47B or 91%), Railway Cargo Containers ($439M or 499%), and Computers ($372M or 13%). In July 2021, the increase in Jiangsu Province's year-by-year imports was explained primarily by an increase in imports from Australia ($715M or 92.2%), South Korea ($463M or 12%), and Taiwan ($376M or 11.1%), and product imports increase in Integrated Circuits ($828M or 15.5%), Iron Ore ($813M or 90.1%), and Semiconductor Devices ($160M or 39.4%).