Overview This page contains the latest international trade data for Shandong Province. In September 2022 Shandong Province was the number 4 in total exports and the number 5 in total imports in China.

Exports In 2021, China's Shandong Province exported $273B, making it the 4th largest exporter out of the 31 exporters in China. In 2021 the top exports of Shandong Province were Other games: video game consoles and... ($7.99B), Pneumatic tyres new of rubber for... ($5.33B), Other toys (wheeled, model scale, puzzles) ($5.03B), Pneumatic tyres new of rubber for... ($3.9B), and Cargo containers ($3.73B).

Imports In 2021, China's Shandong Province imported $180B, making it the 5th largest importer out of the 31 importers in China. In 2021 top imports of Shandong Province were Petroleum oils, oils from bituminous minerals,... ($45.8B), Iron ore, concentrate, not iron pyrites,unagglomerate ($19.8B), Electronic integrated circuits: processors and controllers,... ($6.57B), Soya beans: other than seed, whether... ($5.51B), and Bituminous mix, mastic from asphalt, bitumen/tar/pitc ($5.25B).

Economic Complexity In 2020, the highest complexity exports of Shandong Province according to the product complexity index (PCI) are Video and Card Games (0.81), Artificial Vegetation (-0.067), Rubber Inner Tubes (-0.17), Fishing and Hunting Equipment (-0.3), and Railway Cargo Containers (-0.4). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): United States, $42.3B

Top Product (2021): Other games: video game consoles and..., $7.99B

In 2021 the top export destinations of Shandong Province were United States ($42.3B), South Korea ($27.1B), Japan ($21.6B), Hong Kong ($9.64B), and Vietnam ($8.22B).

In 2021 the top exports of Shandong Province were Other games: video game consoles and... ($7.99B), Pneumatic tyres new of rubber for... ($5.33B), Other toys (wheeled, model scale, puzzles) ($5.03B), Pneumatic tyres new of rubber for... ($3.9B), and Cargo containers ($3.73B).

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Exports Dynamics

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Fastest Growing Exports Destination (Sep 2021 - Sep 2022)

Rapidly Declining Export Origins (Sep 2021 - Sep 2022)

Yearly Imports

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Top Origin (2021): Brazil, $20.3B

Top Import (2021): Petroleum oils, oils from bituminous minerals,..., $45.8B

In 2021 the top import origins of Shandong Province were Brazil ($20.3B), Malaysia ($15.8B), South Korea ($14.6B), Australia ($14.3B), and Russia ($12.2B).

In 2021 the top imports of Shandong Province were Petroleum oils, oils from bituminous minerals,... ($45.8B), Iron ore, concentrate, not iron pyrites,unagglomerate ($19.8B), Electronic integrated circuits: processors and controllers,... ($6.57B), Soya beans: other than seed, whether... ($5.51B), and Bituminous mix, mastic from asphalt, bitumen/tar/pitc ($5.25B).

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Imports Dynamics

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Fastest Growing Import Origins (Sep 2021 - Sep 2022)

Rapidly Declining Import Origins (Sep 2021 - Sep 2022)

Economic Complexity

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Economic Complexity of Shandong Province

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Economic Complexity (2021): 0.1

Shandong Province ranks 18th 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.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Shandong Province already has a comparative advantage, are led by Cinnamon (0.52), Sewing Machines (0.51), LCDs (0.51), Watch Cases and Parts (0.51), and Postcards (0.5).

Most Complex Products by PCI

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The highest complexity exports of Shandong Province according to the product complexity index (PCI) are Video and Card Games (0.81), Artificial Vegetation (-0.067), Rubber Inner Tubes (-0.17), Fishing and Hunting Equipment (-0.3), and Railway Cargo Containers (-0.4). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Railway Cargo Containers (54.6), Basketwork (32.7), Fake Hair (23.1), Graphite (22.6), and Artificial Vegetation (19.2).

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 Shandong 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.

Relatedness Space

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This network shows the products most related to the production structure of  Shandong Province. These are products that tend to be co-exported with the products that Shandong Province exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.