Shandong Province

Overview In December 2024 Shandong Province exported $29.5B and imported $16.5B, resulting in a positive trade balance of $13B. Between December 2023 and December 2024 the exports of Shandong Province have increased by $2.33B (8.56%) from $27.2B to $29.5B, while imports increased by $675M (4.27%) from $15.8B to $16.5B.

Trade In December 2024, the top exports of Shandong Province were Rubber Tires ($1.11B), Motor vehicles; parts and accessories (8701... ($612M), Video and Card Games ($506M), Commodities not elsewhere specified ($505M), and Light Fixtures ($501M). In December 2024 the top imports of Shandong Province were Crude Petroleum ($4.81B), Iron Ore ($1.44B), Integrated Circuits ($1.23B), Copper Ore ($683M), and Aluminium Ore ($623M).

Destinations In December 2024, Shandong Province exported mostly to United States ($4.17B), South Korea ($2.84B), Japan ($1.5B), Singapore ($1.18B), and Hong Kong ($1.06B), and imported mostly from Malaysia ($2.89B), Russia ($2.07B), South Korea ($1.51B), Brazil ($1.32B), and Australia ($1.15B).

Growth In December 2024, the increase in Shandong Province's year-by-year exports was explained primarily by an increase in exports to United States ($1.23B or 41.9%), South Korea ($462M or 19.4%), and Indonesia ($259M or 41.7%), and product exports increase in Other Electrical Machinery ($370M or 357%), Railway Cargo Containers ($262M or 174%), and Commodities not elsewhere specified ($177M or 53.9%). In December 2024, the increase in Shandong Province's year-by-year imports was explained primarily by an increase in imports from South Korea ($408M or 37.1%), Malaysia ($312M or 12.1%), and Oman ($242M or 166%), and product imports increase in Crude Petroleum ($1.26B or 35.4%), Aluminium Ore ($163M or 35.4%), and Iron Ore ($154M or 11.9%).