Shandong ProvinceProvince in China
2020 Economic Complexity : 0.1, Rank 18 of 31
Sep 2022 Trade Exports | Imports: $22.9B | $15.6B, 5 of 31 | 6 of 31
Sep 2022 Country Destination | Origin: United States | Malaysia , $3.56B | $3.13B
Sep 2022 Product Exports | Imports: Other games: video game consoles and machines | Petroleum oils, oils from bituminous minerals, crude , $1.33B | $4B
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.
September, 2022
Overview In September 2022 Shandong Province exported $22.9B and imported $15.6B, resulting in a positive trade balance of $7.3B. Between September 2021 and September 2022 the exports of Shandong Province have decreased by $-2.97B (-11.5%) from $25.9B to $22.9B, while imports increased by $287M (1.87%) from $15.3B to $15.6B.
Trade In September 2022, the top exports of Shandong Province were Video and Card Games ($1.34B), Rubber Tires ($860M), Telephones ($525M), Motor vehicles; parts and accessories (8701... ($460M), and Other toys ($328M). In September 2022 the top imports of Shandong Province were Crude Petroleum ($4B), Integrated Circuits ($1.35B), Iron Ore ($1.11B), Petroleum Gas ($725M), and Copper Ore ($631M).
Destinations In September 2022, Shandong Province exported mostly to United States ($3.56B), South Korea ($2.14B), Japan ($1.75B), Russia ($902M), and Singapore ($769M), and imported mostly from Malaysia ($3.13B), Russia ($2B), South Korea ($1.24B), Brazil ($1.23B), and Australia ($888M).
Growth In September 2022, the decrease in Shandong Province's year-by-year exports was explained primarily by an decrease in exports to Iran ($-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 September 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%).
EXPORT GROWTH (September 2021 - September 2022): $-2.97B, (-11.5%)
IMPORT GROWTH (September 2021 - September 2022): $287M, (1.87%)
This section shows exports and imports data at subnational level for Shandong Province. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Shandong Province over time.
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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).
Fastest Growing Exports Destination (Sep 2021 - Sep 2022)
Rapidly Declining Export Origins (Sep 2021 - Sep 2022)
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).
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.
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).
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.
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.
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.
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