Shandong Province

Overview In October 2022 Shandong Province exported $24.1B and imported $14.8B, resulting in a positive trade balance of $9.32B. Between October 2021 and October 2022 the exports of Shandong Province have decreased by $-2.63B (-9.83%) from $26.8B to $24.1B, while imports increased by $711M (5.04%) from $14.1B to $14.8B.

Trade In October 2022, the top exports of Shandong Province were Video and Card Games ($1.72B), Rubber Tires ($911M), Motor vehicles; parts and accessories (8701... ($472M), Telephones ($468M), and Other toys ($391M). In October 2022 the top imports of Shandong Province were Crude Petroleum ($4.59B), Integrated Circuits ($1.19B), Iron Ore ($998M), Asphalt Mixtures ($503M), and Aluminium Ore ($389M).

Destinations In October 2022, Shandong Province exported mostly to United States ($3.3B), South Korea ($2.29B), Japan ($2.07B), Singapore ($1.01B), and Netherlands ($968M), and imported mostly from Malaysia ($2.68B), Russia ($2.09B), Brazil ($1.26B), South Korea ($1.07B), and Australia ($943M).

Growth In October 2022, the decrease in Shandong Province's year-by-year exports was explained primarily by an decrease in exports to Iran ($-35.4M or -50.3%), Liberia ($-24.9M or -77.3%), and Indonesia ($-18.4M or -6.54%), and product exports decrease in Steam Boilers ($-32.1M or -76%), Fish Fillets ($-29M or -15.3%), and Fishing Ships ($-27.5M or -99.7%). In October 2022, the increase in Shandong Province's year-by-year imports was explained primarily by an increase in imports from United States ($534M or 131%), Malaysia ($304M or 45.4%), and Japan ($232M or 92.1%), and product imports increase in Iron Ore ($982M or 151%), Integrated Circuits ($345M or 92.3%), and Copper Ore ($254M or 98.3%).