Liaoning ProvinceProvince in China
2022 Economic Complexity : 0.16, Rank 11 of 31
Feb 2023 Trade Exports | Imports: $3.62B | $3.65B, 15 of 31 | 9 of 31
Feb 2023 Country Destination | Origin: Japan | Japan , $697M | $348M
Feb 2023 Product Exports | Imports: Electronic integrated circuits: memories | Petroleum oils, oils from bituminous minerals, crude , $300M | $564M
Overview This page contains the latest international trade data for Liaoning Province. In February 2023 Liaoning Province was the number 17 in total exports and the number 9 in total imports in China.
Exports In 2022, China's Liaoning Province exported $53.8B, making it the 17th largest exporter out of the 31 exporters in China. In 2022 the top exports of Liaoning Province were Electronic integrated circuits: memories ($3.27B), Floating, submersible drilling or production platform ($1.94B), Terephthalic acid, its salts ($1.32B), Electric motor Vehicles ($1.32B), and Cargo vessels other than tanker or... ($1.21B).
Imports In 2022, China's Liaoning Province imported $64.9B, making it the 9th largest importer out of the 31 importers in China. In 2022 top imports of Liaoning Province were Petroleum oils, oils from bituminous minerals,... ($18.8B), Iron ore, concentrate, not iron pyrites,unagglomerate ($5.31B), P-xylene ($2.72B), Soya beans: other than seed, whether... ($2.11B), and Transmissions for motor vehicles ($1.63B).
Economic Complexity In 2022, the highest complexity exports of Liaoning Province according to the product complexity index (PCI) are Sound Recordings (0.94), Polycarboxylic Acids (0.7), Refractory Bricks (0.53), Iron Sheet Piling (0.28), and Petroleum Jelly (-0.1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
February, 2023
Overview In February 2023 Liaoning Province exported $3.62B and imported $3.65B, resulting in a negative trade balance of $36.4M. Between February 2022 and February 2023 the exports of Liaoning Province have increased by $144M (4.15%) from $3.47B to $3.62B, while imports decreased by $-593M (-14%) from $4.25B to $3.65B.
Trade In February 2023, the top exports of Liaoning Province were Integrated Circuits ($311M), Hot-Rolled Iron ($193M), Cars ($132M), Polycarboxylic Acids ($105M), and Hot-Rolled Iron Bars ($75.8M). In February 2023 the top imports of Liaoning Province were Crude Petroleum ($564M), Motor vehicles; parts and accessories (8701... ($354M), Iron Ore ($276M), Cyclic Hydrocarbons ($129M), and Potassic Fertilizers ($107M).
Destinations In February 2023, Liaoning Province exported mostly to Japan ($697M), South Korea ($413M), Taiwan ($282M), United States ($249M), and Germany ($173M), and imported mostly from Japan ($348M), Germany ($347M), Australia ($297M), Russia ($267M), and United States ($259M).
Growth In February 2023, the increase in Liaoning Province's year-by-year exports was explained primarily by an increase in exports to Japan ($235M or 33.3%), United States ($156M or 44.8%), and South Korea ($154M or 43.4%), and product exports increase in Railway Cargo Containers ($94.7M or 281%), Hot-Rolled Iron ($88.8M or 47.6k%), and Polycarboxylic Acids ($67.6M or 146%). In February 2023, the decrease in Liaoning Province's year-by-year imports was explained primarily by an decrease in imports from Norway ($-105M or -89.2%), United Arab Emirates ($-89M or -37.1%), and Kuwait ($-78.4M or -84.3%), and product imports decrease in Vaccines, blood, antisera, toxins and cultures ($-51.3M or -99.9%), Machines and apparatus of a kind... ($-46M or -44.1%), and Motor vehicles; parts and accessories (8701... ($-32.4M or -6.25%).
EXPORT GROWTH (February 2022 - February 2023): $144M, (4.15%)
IMPORT GROWTH (February 2022 - February 2023): $-593M, (-14%)
This section shows exports and imports data at subnational level for Liaoning Province. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Liaoning Province over time.
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Top Destination (2022): Japan, $8.96B
Top Product (2022): Electronic integrated circuits: memories, $3.27B
In 2022 the top export destinations of Liaoning Province were Japan ($8.96B), United States ($5.25B), South Korea ($4.94B), Taiwan ($3.26B), and Singapore ($3.24B).
In 2022 the top exports of Liaoning Province were Electronic integrated circuits: memories ($3.27B), Floating, submersible drilling or production platform ($1.94B), Terephthalic acid, its salts ($1.32B), Electric motor Vehicles ($1.32B), and Cargo vessels other than tanker or... ($1.21B).
Fastest Growing Exports Destination (Feb 2022 - Feb 2023)
Rapidly Declining Export Origins (Feb 2022 - Feb 2023)
Top Origin (2022): Saudi Arabia, $8.56B
Top Import (2022): Petroleum oils, oils from bituminous minerals,..., $18.8B
In 2022 the top import origins of Liaoning Province were Saudi Arabia ($8.56B), Germany ($5.32B), United States ($4.89B), Japan ($4.74B), and United Arab Emirates ($4.29B).
In 2022 the top imports of Liaoning Province were Petroleum oils, oils from bituminous minerals,... ($18.8B), Iron ore, concentrate, not iron pyrites,unagglomerate ($5.31B), P-xylene ($2.72B), Soya beans: other than seed, whether... ($2.11B), and Transmissions for motor vehicles ($1.63B).
Fastest Growing Import Origins (Feb 2022 - Feb 2023)
Rapidly Declining Import Origins (Feb 2022 - Feb 2023)
Economic Complexity (2022): 0.16
Liaoning Province ranks 11th out of the 31 provinces in China according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Liaoning Province already has a comparative advantage, are led by Vacuum Flask (0.37), Cutlery Sets (0.35), Other Cutlery (0.34), Telephones (0.34), and Diazo, Azo or Aoxy Compounds (0.34).
The highest complexity exports of Liaoning Province according to the product complexity index (PCI) are Sound Recordings (0.94), Polycarboxylic Acids (0.7), Refractory Bricks (0.53), Iron Sheet Piling (0.28), and Petroleum Jelly (-0.1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Magnesium Carbonate (99.9), Iron Sheet Piling (71.6), Petroleum Jelly (65.5), Refractory Bricks (64.4), and Raw Bones (47.9).
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.
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. Bubble size corresponds to exports value by year 2020.
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