Overview: In December 2020 Ningxia Hui Autonomous Region exported $113M and imported $33.7M, resulting in a positive trade balance of $79.3M. Between December 2019 and December 2020 the exports of Ningxia Hui Autonomous Region have increased by $8.47M (8.1%) from $105M to $113M, while imports decreased by $-26.3M (-43.8%) from $60M to $33.7M.
Trade: In December 2020, the top exports of Ningxia Hui Autonomous Region were Antibiotics ($13.6M), Nitrile Compounds ($10.3M), Manganese ($8.21M), Oxygen Amino Compounds ($7.08M), and Vitamins ($5.77M). In December 2020 the top imports of Ningxia Hui Autonomous Region were Manganese Ore ($4.76M), Metalworking Transfer Machines ($2.19M), Rubber ($1.72M), Aluminium Foil ($1.58M), and Thermostats ($1.55M).
Destinations: In December 2020, Ningxia Hui Autonomous Region exported mostly to India ($17.5M), United States ($9.73M), Netherlands ($9.4M), Japan ($8.6M), and South Korea ($7.16M), and imported mostly from Japan ($10.4M), South Africa ($3.53M), United States ($3.37M), Germany ($2.64M), and Brazil ($2.2M).
Growth: In December 2020, the increase in Ningxia Hui Autonomous Region's year-by-year exports was explained primarily by an increase in exports to India ($8.7M or 98.7%), Netherlands ($6.44M or 218%), and Mozambique ($2.04M or 4.97k%), and product exports increase in Vitamins ($4.69M or 432%), Manganese ($4.59M or 127%), and Antibiotics ($4.23M or 45.4%). In December 2020, the decrease in Ningxia Hui Autonomous Region's year-by-year imports was explained primarily by an decrease in imports from South Africa ($-5.42M or -60.5%), United Arab Emirates ($-2.32M or -95%), and Italy ($-648k or -92.2%), and product imports decrease in Manganese Ore ($-31.4M or -86.8%), Valves ($-694k or -92.9%), and Liquid Pumps ($-424k or -98.7%).