Overview: In December 2020 Liaoning Province exported $4.5B and imported $4.32B, resulting in a positive trade balance of $181M. Between December 2019 and December 2020 the exports of Liaoning Province have increased by $671M (17.5%) from $3.83B to $4.5B, while imports decreased by $-1.73B (-28.6%) from $6.06B to $4.32B.
Trade: In December 2020, the top exports of Liaoning Province were Special Purpose Ships ($863M), Integrated Circuits ($458M), Fish Fillets ($103M), Flat Flat-Rolled Steel ($98.4M), and Steel Bars ($78M). In December 2020 the top imports of Liaoning Province were Crude Petroleum ($863M), Vehicle Parts ($521M), Iron Ore ($487M), Petroleum Gas ($161M), and Cyclic Hydrocarbons ($134M).
Destinations: In December 2020, Liaoning Province exported mostly to Singapore ($918M), Japan ($578M), Taiwan ($394M), United States ($357M), and South Korea ($350M), and imported mostly from United States ($715M), Germany ($491M), Japan ($344M), Brazil ($329M), and Australia ($321M).
Growth: In December 2020, the increase in Liaoning Province's year-by-year exports was explained primarily by an increase in exports to Singapore ($863M or 1.56k%), Taiwan ($101M or 34.5%), and Germany ($65.6M or 49%), and product exports increase in Integrated Circuits ($154M or 50.6%), Steel Bars ($50.5M or 184%), and Cars ($41.8M or 351%). In December 2020, the decrease in Liaoning Province's year-by-year imports was explained primarily by an decrease in imports from Oman ($-372M or -94.2%), Saudi Arabia ($-361M or -53.6%), and Qatar ($-277M or -86.6%), and product imports decrease in Crude Petroleum ($-1.21B or -58.3%), Petroleum Gas ($-329M or -67.2%), and Soybeans ($-69.8M or -44.3%).