Overview: In December 2020 Qinghai Province exported $17.8M and imported $19.3M, resulting in a negative trade balance of $1.51M. Between December 2019 and December 2020 the exports of Qinghai Province have decreased by $-79.3k (-0.44%) from $17.8M to $17.8M, while imports decreased by $-15.1M (-44%) from $34.4M to $19.3M.
Trade: In December 2020, the top exports of Qinghai Province were Aluminium Plating ($2.54M), Perfume Plants ($1.92M), Silk Fabrics ($1.9M), Nitrogenous Fertilizers ($1.65M), and Other Inorganic Acids Salts ($1.34M). In December 2020 the top imports of Qinghai Province were Copper Ore ($14.6M), Chromium Ore ($1.41M), Frozen Bovine Meat ($1.32M), Chemical Analysis Instruments ($540k), and Non-woven Textiles ($489k).
Destinations: In December 2020, Qinghai Province exported mostly to Australia ($2.19M), Pakistan ($1.9M), Hong Kong ($1.71M), Brazil ($1.67M), and Cameroon ($1.15M), and imported mostly from Peru ($14.6M), Japan ($1.62M), South Africa ($1.41M), Argentina ($583k), and Uruguay ($446k).
Growth: In December 2020, the decrease in Qinghai Province's year-by-year exports was explained primarily by an decrease in exports to South Korea ($-2.5M or -77%), India ($-1.32M or -89.9%), and Japan ($-963k or -64.8%), and product exports decrease in Ferroalloys ($-2.61M or -86.1%), Carbonates ($-2.13M or -89.8%), and Aluminium Foil ($-873k or -94.7%). In December 2020, the decrease in Qinghai Province's year-by-year imports was explained primarily by an decrease in imports from Japan ($-9.08M or -84.9%), Nepal ($-41.4k or -82.1%), and United States ($-31.1k or -55.2%), and product imports decrease in Copper Ore ($-8.14M or -35.8%), Sawn Wood ($-283k or -93.3%), and Hand-Woven Rugs ($-7.63k or -45.8%).