Overview: In December 2020 Shaanxi Province exported $2.64B and imported $2.51B, resulting in a positive trade balance of $130M. Between December 2019 and December 2020 the exports of Shaanxi Province have increased by $927M (54.1%) from $1.71B to $2.64B, while imports increased by $409M (19.5%) from $2.1B to $2.51B.
Trade: In December 2020, the top exports of Shaanxi Province were Integrated Circuits ($1.23B), Office Machine Parts ($236M), Semiconductor Devices ($170M), Computers ($154M), and Electric Batteries ($82.4M). In December 2020 the top imports of Shaanxi Province were Integrated Circuits ($1.12B), Iron Ore ($127M), Machines and apparatus of a kind... ($96M), Refined Copper ($91.7M), and Lignite ($90.7M).
Destinations: In December 2020, Shaanxi Province exported mostly to South Korea ($665M), Hong Kong ($439M), Taiwan ($211M), United States ($196M), and Malaysia ($144M), and imported mostly from Taiwan ($689M), South Korea ($605M), Japan ($202M), United States ($149M), and Germany ($148M).
Growth: In December 2020, the increase in Shaanxi Province's year-by-year exports was explained primarily by an increase in exports to South Korea ($218M or 48.9%), Taiwan ($66.7M or 46.1%), and United States ($60.8M or 45.1%), and product exports increase in Integrated Circuits ($586M or 90.8%), Office Machine Parts ($112M or 89.9%), and Semiconductor Devices ($102M or 151%). In December 2020, the increase in Shaanxi Province's year-by-year imports was explained primarily by an increase in imports from Taiwan ($124M or 21.9%), Germany ($108M or 270%), and Indonesia ($98M or 124k%), and product imports increase in Integrated Circuits ($313M or 39%), Iron Ore ($94.9M or 292%), and Lignite ($90.6M or 141k%).