Liaoning Province

Province in China

2019
Economic
Complexity
: 0.12, Rank 15 of 31

Dec 2020
Trade
Exports | Imports
: $4.5B | $4.32B, 14 of 31 | 11 of 31

Dec 2020
Country
Destination | Origin
: Singapore | United States , $918M  | $715M

Dec 2020
Product
Exports | Imports
: Special Purpose Ships | Crude Petroleum , $863M  | $863M

Overview: This page contains the latest international trade data for Liaoning Province, including export and import data.

Exports: In 2020, China's Liaoning Province exported $36.6B, making it the 14th largest exporter out of the 31 exporters in China. In 2020 the top exports of Liaoning Province were Electronic integrated circuits: memories ($3.25B), Floating, submersible drilling or production platform ($1.04B), Cargo vessels other than tanker or... ($732M), Structures and parts of structures, iron... ($648M), and Refractory bricks, etc with >50% Mg,... ($445M).

Imports: In 2020, China's Liaoning Province imported $55B, making it the 9th largest importer out of the 31 importers in China. In 2020 top imports of Liaoning Province were Petroleum oils, oils from bituminous minerals,... ($16.2B), Iron ore, concentrate, not iron pyrites,unagglomerate ($4.73B), Natural gas, liquefied ($1.97B), Transmissions for motor vehicles ($1.66B), and P-xylene ($1.5B).

Economic Complexity: In 2019, the highest complexity exports of Liaoning Province according to the product complexity index (PCI) are Other Esters (1.96), Tool Plates (1.93), Hot-Rolled Stainless Steel Bars (1.7), Non-Mechanical Removal Machinery (1.69), and Metalworking Machine Parts (1.68). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Value
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This section shows the differences between Liaoning Province's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit China's country profile.

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Yearly Exports

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Top Destination (2020): Japan, $8.07B

Top Product (2020): Electronic integrated circuits: memories, $3.25B

In 2020 the top export destinations of Liaoning Province were Japan ($8.07B), United States ($3.82B), South Korea ($3.42B), Taiwan ($2.97B), and Singapore ($1.71B).

In 2020 the top exports of Liaoning Province were Electronic integrated circuits: memories ($3.25B), Floating, submersible drilling or production platform ($1.04B), Cargo vessels other than tanker or... ($732M), Structures and parts of structures, iron... ($648M), and Refractory bricks, etc with >50% Mg,... ($445M).

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Exports Dynamics

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Fastest Growing Exports Destination (Dec 2019 - Dec 2020)

Rapidly Declining Export Origins (Dec 2019 - Dec 2020)

Yearly Imports

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Depth

Top Origin (2020): Germany, $5.21B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $16.2B

In 2020 the top import origins of Liaoning Province were Germany ($5.21B), Saudi Arabia ($4.99B), Australia ($4.65B), United States ($4.18B), and Japan ($4.11B).

In 2020 the top imports of Liaoning Province were Petroleum oils, oils from bituminous minerals,... ($16.2B), Iron ore, concentrate, not iron pyrites,unagglomerate ($4.73B), Natural gas, liquefied ($1.97B), Transmissions for motor vehicles ($1.66B), and P-xylene ($1.5B).

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Imports Dynamics

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Fastest Growing Import Origins (Dec 2019 - Dec 2020)

Rapidly Declining Import Origins (Dec 2019 - Dec 2020)

Economic Complexity

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Economic Complexity of China

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Liaoning Province ranks 15th out of the 31 provinces in China according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Liaoning Province already has a comparative advantage, are led by Cutlery Sets (0.35), Wrenches (0.35), Magnesium (0.35), Cinnamon (0.35), and Basketwork (0.34).

Most Complex Products by PCI

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The highest complexity exports of Liaoning Province according to the product complexity index (PCI) are Other Esters (1.96), Tool Plates (1.93), Hot-Rolled Stainless Steel Bars (1.7), Non-Mechanical Removal Machinery (1.69), and Metalworking Machine Parts (1.68). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Magnesium Carbonate (102), Refractory Bricks (69.9), Steel Bars (51.7), Petroleum Jelly (39.9), and Soapstone (37.7).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Liaoning Province is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Liaoning Province. These are products that tend to be co-exported with the products that Liaoning Province exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.