Overview In December 2022 Shaanxi Province exported $3.43B and imported $1.93B, resulting in a positive trade balance of $1.5B. Between December 2021 and December 2022 the exports of Shaanxi Province have increased by $84.3M (2.52%) from $3.35B to $3.43B, while imports decreased by $-1.08B (-35.9%) from $3.02B to $1.93B.
Trade In December 2022, the top exports of Shaanxi Province were Integrated Circuits ($1.21B), Semiconductor Devices ($276M), Office Machine Parts ($275M), Electrical Resistors ($91.7M), and Computers ($91.1M). In December 2022 the top imports of Shaanxi Province were Integrated Circuits ($676M), Machines and apparatus of a kind... ($117M), Office Machine Parts ($95.1M), Hydrogen ($92M), and Crude Petroleum ($61.7M).
Destinations In December 2022, Shaanxi Province exported mostly to South Korea ($595M), Hong Kong ($325M), Malaysia ($295M), Russia ($287M), and Taiwan ($255M), and imported mostly from Taiwan ($526M), South Korea ($312M), Japan ($203M), United States ($148M), and Malaysia ($118M).
Growth In December 2022, the increase in Shaanxi Province's year-by-year exports was explained primarily by an increase in exports to South Korea ($297M or 52.6%), Malaysia ($135M or 88.2%), and United States ($114M or 75.4%), and product exports increase in Integrated Circuits ($447M or 38.7%), Office Machine Parts ($215M or 74.8%), and Computers ($145M or 120%). In December 2022, the decrease in Shaanxi Province's year-by-year imports was explained primarily by an decrease in imports from South Korea ($-145M or -27.1%), United States ($-100M or -38.2%), and Netherlands ($-21.9M or -76.9%), and product imports decrease in Machines and apparatus of a kind... ($-85.5M or -36.5%), Reaction and Catalytic Products ($-52.8M or -95.3%), and Coal Tar Oil ($-52.3M or -99.8%).