Shaanxi Province

Province in China

2019
Economic
Complexity
: 0.34, Rank 4 of 31

Dec 2020
Trade
Exports | Imports
: $2.64B | $2.51B, 20 of 31 | 16 of 31

Dec 2020
Country
Destination | Origin
: South Korea | Taiwan , $665M  | $689M

Dec 2020
Product
Exports | Imports
: Integrated Circuits | Integrated Circuits , $1.23B  | $1.12B

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

Exports: In 2020, China's Shaanxi Province exported $22.8B, making it the 19th largest exporter out of the 31 exporters in China. In 2020 the top exports of Shaanxi Province were Electronic integrated circuits: memories ($9.64B), Parts and accessories of data processing... ($2.15B), Photosensitive/photovoltaic/LED semiconductor devices ($1.98B), Units of automatic data processing machines:... ($1.81B), and Electric accumulators: lithium-ion, including separators, whether... ($677M).

Imports: In 2020, China's Shaanxi Province imported $25.2B, making it the 16th largest importer out of the 31 importers in China. In 2020 top imports of Shaanxi Province were Electronic integrated circuits: memories ($11B), Machines and apparatus of a kind... ($1.32B), Copper cathodes and sections of cathodes... ($1.01B), Parts and accessories of data processing... ($1.01B), and Machines and apparatus of heading 8486:... ($833M).

Economic Complexity: In 2019, the highest complexity exports of Shaanxi Province according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.01), Hand Saws (1.68), Metal Lathes (1.64), Electric Furnaces (1.61), and Wrenches (1.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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This section shows the differences between Shaanxi 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): South Korea, $6.03B

Top Product (2020): Electronic integrated circuits: memories, $9.64B

In 2020 the top export destinations of Shaanxi Province were South Korea ($6.03B), Taiwan ($2.35B), United States ($1.78B), Singapore ($1.56B), and Malaysia ($1.42B).

In 2020 the top exports of Shaanxi Province were Electronic integrated circuits: memories ($9.64B), Parts and accessories of data processing... ($2.15B), Photosensitive/photovoltaic/LED semiconductor devices ($1.98B), Units of automatic data processing machines:... ($1.81B), and Electric accumulators: lithium-ion, including separators, whether... ($677M).

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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): Taiwan, $8.09B

Top Import (2020): Electronic integrated circuits: memories, $11B

In 2020 the top import origins of Shaanxi Province were Taiwan ($8.09B), South Korea ($5.92B), Japan ($2.4B), United States ($1.64B), and Germany ($755M).

In 2020 the top imports of Shaanxi Province were Electronic integrated circuits: memories ($11B), Machines and apparatus of a kind... ($1.32B), Copper cathodes and sections of cathodes... ($1.01B), Parts and accessories of data processing... ($1.01B), and Machines and apparatus of heading 8486:... ($833M).

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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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Shaanxi Province ranks 4th 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 Shaanxi Province already has a comparative advantage, are led by Vacuum Flask (0.17), Artificial Vegetation (0.16), Cutlery Sets (0.15), Glass with Edge Workings (0.15), and Combs (0.15).

Most Complex Products by PCI

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The highest complexity exports of Shaanxi Province according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.01), Hand Saws (1.68), Metal Lathes (1.64), Electric Furnaces (1.61), and Wrenches (1.6). 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 Molybdenum (45.8), Titanium (32.2), Disc Chemicals for Electronics (22.7), Glycosides (21.9), and Instructional Models (16.9).

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 Shaanxi 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  Shaanxi Province. These are products that tend to be co-exported with the products that Shaanxi 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.