Overview This page contains the latest international trade data for Shandong Province, including export and import data.

Exports In 2020, China's Shandong Province exported $181B, making it the 4th largest exporter out of the 31 exporters in China. In 2020 the top exports of Shandong Province were Games: video game consoles and machines,... ($4.87B), Pneumatic tyres new of rubber for... ($4.19B), Pneumatic tyres new of rubber for... ($3.08B), Made up articles (textile) nes, textile... ($3.02B), and Tricycles, scooters, pedal cars and similar... ($2.27B).

Imports In 2020, China's Shandong Province imported $128B, making it the 5th largest importer out of the 31 importers in China. In 2020 top imports of Shandong Province were Petroleum oils, oils from bituminous minerals,... ($32.7B), Iron ore, concentrate, not iron pyrites,unagglomerate ($12.5B), Soya beans: other than seed, whether... ($4.25B), Electronic integrated circuits: processors and controllers,... ($4.18B), and Aluminium ores and concentrates ($3.75B).

Economic Complexity In 2020, the highest complexity exports of Shandong Province according to the product complexity index (PCI) are Halides (1.97), Other Esters (1.94), Metalworking Machines (1.91), Iron Fasteners (1.9), and Glass with Edge Workings (1.88). 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 (2020): United States, $29B

Top Product (2020): Games: video game consoles and machines,..., $4.87B

In 2020 the top export destinations of Shandong Province were United States ($29B), South Korea ($17.7B), Japan ($17.4B), Vietnam ($6.21B), and United Kingdom ($6.1B).

In 2020 the top exports of Shandong Province were Games: video game consoles and machines,... ($4.87B), Pneumatic tyres new of rubber for... ($4.19B), Pneumatic tyres new of rubber for... ($3.08B), Made up articles (textile) nes, textile... ($3.02B), and Tricycles, scooters, pedal cars and similar... ($2.27B).

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Exports Dynamics

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Fastest Growing Exports Destination (Jul 2020 - Jul 2021)

Rapidly Declining Export Origins (Jul 2020 - Jul 2021)

Yearly Imports

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Top Origin (2020): Brazil, $16.7B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., $32.7B

In 2020 the top import origins of Shandong Province were Brazil ($16.7B), South Korea ($10.1B), Australia ($9.91B), Russia ($9.49B), and Malaysia ($7.12B).

In 2020 the top imports of Shandong Province were Petroleum oils, oils from bituminous minerals,... ($32.7B), Iron ore, concentrate, not iron pyrites,unagglomerate ($12.5B), Soya beans: other than seed, whether... ($4.25B), Electronic integrated circuits: processors and controllers,... ($4.18B), and Aluminium ores and concentrates ($3.75B).

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Imports Dynamics

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Fastest Growing Import Origins (Jul 2020 - Jul 2021)

Rapidly Declining Import Origins (Jul 2020 - Jul 2021)

Economic Complexity

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Economic Complexity of China

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Economic Complexity (2020): 0.094

Shandong Province ranks 17th 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 LCDs (0.51), Unprocessed Artificial Staple Fibers (0.51), Light Rubberized Knitted Fabric (0.5), Artificial Textile Machinery (0.5), and Labels (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 Halides (1.97), Other Esters (1.94), Metalworking Machines (1.91), Iron Fasteners (1.9), and Glass with Edge Workings (1.88). 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 Basketwork (37.2), Railway Cargo Containers (32.1), Graphite (27.9), Spices (24.8), and Fake Hair (22.3).

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.