Shaanxi ProvinceProvince in China
2020 Economic Complexity : 0.37, Rank 1 of 31
Dec 2022 Trade Exports | Imports: $3.43B | $1.93B, 19 of 31 | 21 of 31
Dec 2022 Country Destination | Origin: South Korea | Taiwan , $595M | $526M
Dec 2022 Product Exports | Imports: Electronic integrated circuits: memories | Electronic integrated circuits: memories , $1.15B | $490M
Overview This page contains the latest international trade data for Shaanxi Province. In December 2022 Shaanxi Province was the number 19 in total exports and the number 19 in total imports in China.
Exports In 2022, China's Shaanxi Province exported $45.3B, making it the 19th largest exporter out of the 31 exporters in China. In 2022 the top exports of Shaanxi Province were Electronic integrated circuits: memories ($17.7B), Parts and accessories of data processing... ($5.88B), Photovoltaic cells assembled in modules or... ($4.75B), Units of automatic data processing machines:... ($1.39B), and Electric accumulators: lithium-ion, including separators, whether... ($1.05B).
Imports In 2022, China's Shaanxi Province imported $27.6B, making it the 19th largest importer out of the 31 importers in China. In 2022 top imports of Shaanxi Province were Electronic integrated circuits: memories ($8.28B), Copper cathodes and sections of cathodes... ($1.9B), Parts and accessories of data processing... ($1.57B), Iron ore, concentrate, not iron pyrites,unagglomerate ($879M), and Electronic integrated circuits: processors and controllers,... ($868M).
Economic Complexity In 2020, the highest complexity exports of Shaanxi Province according to the product complexity index (PCI) are Molybdenum (1.14), Magnesium (1.08), Titanium (0.71), Sound Recordings (0.69), and Other Isotopes (0.3). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
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%).
EXPORT GROWTH (December 2021 - December 2022): $84.3M, (2.52%)
IMPORT GROWTH (December 2021 - December 2022): $-1.08B, (-35.9%)
This section shows exports and imports data at subnational level for Shaanxi Province. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Shaanxi Province over time.
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Top Destination (2022): South Korea, $8.51B
Top Product (2022): Electronic integrated circuits: memories, $17.7B
In 2022 the top export destinations of Shaanxi Province were South Korea ($8.51B), Hong Kong ($5.17B), Taiwan ($4.24B), United States ($3.68B), and Malaysia ($3.43B).
In 2022 the top exports of Shaanxi Province were Electronic integrated circuits: memories ($17.7B), Parts and accessories of data processing... ($5.88B), Photovoltaic cells assembled in modules or... ($4.75B), Units of automatic data processing machines:... ($1.39B), and Electric accumulators: lithium-ion, including separators, whether... ($1.05B).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): Taiwan, $6.86B
Top Import (2022): Electronic integrated circuits: memories, $8.28B
In 2022 the top import origins of Shaanxi Province were Taiwan ($6.86B), South Korea ($5.27B), Japan ($2.68B), United States ($1.92B), and Malaysia ($1.24B).
In 2022 the top imports of Shaanxi Province were Electronic integrated circuits: memories ($8.28B), Copper cathodes and sections of cathodes... ($1.9B), Parts and accessories of data processing... ($1.57B), Iron ore, concentrate, not iron pyrites,unagglomerate ($879M), and Electronic integrated circuits: processors and controllers,... ($868M).
Economic Complexity (2022): 0.37
Shaanxi Province ranks 1st out of the 31 provinces in China according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
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 (0.18), Watch Movements (0.16), Telephones (0.16), Telephones (0.16), and Telephones (0.16).
The highest complexity exports of Shaanxi Province according to the product complexity index (PCI) are Molybdenum (1.14), Magnesium (1.08), Titanium (0.71), Sound Recordings (0.69), and Other Isotopes (0.3). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Sound Recordings (35.6), Sound Recordings (35.6), Sound Recordings (35.6), Sound Recordings (35.6), and Titanium (29.0).
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.
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. Bubble size corresponds to exports value by year 2020.
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