Shandong Province

Overview In October 2024 Shandong Province exported $24.6B and imported $14.6B, resulting in a positive trade balance of $9.93B. Between October 2023 and October 2024 the exports of Shandong Province have increased by $2.61B (11.9%) from $22B to $24.6B, while imports decreased by $-632M (-4.14%) from $15.3B to $14.6B.

Trade In October 2024, the top exports of Shandong Province were Rubber Tires ($1.1B), Video and Card Games ($961M), Passenger and Cargo Ships ($623M), Integrated Circuits ($573M), and Motor vehicles; parts and accessories (8701... ($521M). In October 2024 the top imports of Shandong Province were Crude Petroleum ($4.33B), Integrated Circuits ($1.22B), Iron Ore ($906M), Copper Ore ($550M), and Petroleum Gas ($502M).

Destinations In October 2024, Shandong Province exported mostly to United States ($3.11B), South Korea ($2.32B), Japan ($1.66B), Hong Kong ($1.25B), and Russia ($922M), and imported mostly from Malaysia ($2.95B), Russia ($1.72B), South Korea ($1.43B), Brazil ($1.23B), and Australia ($854M).

Growth In October 2024, the increase in Shandong Province's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($357M or 101%), Hong Kong ($351M or 38.9%), and South Korea ($319M or 15.9%), and product exports increase in Passenger and Cargo Ships ($434M or 230%), Other Heating Machinery ($368M or 984%), and Integrated Circuits ($293M or 105%). In October 2024, the decrease in Shandong Province's year-by-year imports was explained primarily by an decrease in imports from Malaysia ($-940M or -24.2%), Japan ($-370M or -53.8%), and Singapore ($-210M or -79.8%), and product imports decrease in Machines and apparatus of a kind... ($-729M or -96%), Refined Petroleum ($-301M or -48.8%), and Iron Ore ($-200M or -18.1%).