Shandong ProvinceProvince in China
2020 Economic Complexity : 0.094, Rank 17 of 31
Jul 2021 Trade Exports | Imports: $23.2B | $15.1B, 4 of 31 | 5 of 31
Jul 2021 Country Destination | Origin: United States | Brazil , $3.95B | $2.08B
Jul 2021 Product Exports | Imports: Games: video game consoles and machines, other than... | Petroleum oils, oils from bituminous minerals, crude , $801M | $3.37B
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.
July, 2021
Overview In July 2021 Shandong Province exported $23.2B and imported $15.1B, resulting in a positive trade balance of $8.12B. Between July 2020 and July 2021 the exports of Shandong Province have increased by $8.51B (57.8%) from $14.7B to $23.2B, while imports increased by $3.38B (28.8%) from $11.7B to $15.1B.
Trade In July 2021, the top exports of Shandong Province were Video and Card Games ($819M), Rubber Tires ($790M), Models and Stuffed Animals ($461M), Vehicle Parts ($444M), and Coated Flat-Rolled Iron ($418M). In July 2021 the top imports of Shandong Province were Crude Petroleum ($3.37B), Iron Ore ($2.15B), Integrated Circuits ($1.03B), Soybeans ($424M), and Refined Petroleum ($331M).
Destinations In July 2021, Shandong Province exported mostly to United States ($3.95B), South Korea ($2.3B), Japan ($1.62B), Vietnam ($800M), and United Kingdom ($681M), and imported mostly from Brazil ($2.08B), Australia ($1.38B), South Korea ($1.17B), Russia ($1.11B), and Malaysia ($1.07B).
Growth In July 2021, the increase in Shandong Province's year-by-year exports was explained primarily by an increase in exports to United States ($1.65B or 71.4%), South Korea ($725M or 46.1%), and Japan ($357M or 28.3%), and product exports increase in Video and Card Games ($505M or 161%), Models and Stuffed Animals ($324M or 237%), and Light Fixtures ($303M or 306%). In July 2021, the increase in Shandong Province's year-by-year imports was explained primarily by an increase in imports from Malaysia ($567M or 112%), Brazil ($426M or 25.8%), and Russia ($389M or 54.1%), and product imports increase in Iron Ore ($982M or 84.2%), Integrated Circuits ($325M or 45.8%), and Crude Petroleum ($319M or 10.5%).
EXPORT GROWTH (July 2020 - July 2021): $8.51B, (57.8%)
IMPORT GROWTH (July 2020 - July 2021): $3.38B, (28.8%)
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 (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).
Fastest Growing Exports Destination (Jul 2020 - Jul 2021)
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).
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.
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).
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.
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.
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.