Overview: In December 2020 Shanghai Province exported $19.2B and imported $31.2B, resulting in a negative trade balance of $12B. Between December 2019 and December 2020 the exports of Shanghai Province have increased by $2.54B (15.3%) from $16.6B to $19.2B, while imports increased by $4.02B (14.8%) from $27.2B to $31.2B.
Trade: In December 2020, the top exports of Shanghai Province were Computers ($2.65B), Integrated Circuits ($1.98B), Telephones ($1.25B), Passenger and Cargo Ships ($472M), and Vehicle Parts ($420M). In December 2020 the top imports of Shanghai Province were Integrated Circuits ($4.11B), Cars ($1.65B), Iron Ore ($1.03B), Blood, antisera, vaccines, toxins and cultures ($761M), and Medical Instruments ($619M).
Destinations: In December 2020, Shanghai Province exported mostly to United States ($3.63B), Hong Kong ($1.96B), Japan ($1.65B), Singapore ($895M), and Taiwan ($890M), and imported mostly from Japan ($3.86B), Germany ($3.53B), United States ($2.64B), Taiwan ($2.39B), and South Korea ($1.87B).
Growth: In December 2020, the increase in Shanghai Province's year-by-year exports was explained primarily by an increase in exports to Singapore ($359M or 66.8%), France ($346M or 190%), and Czechia ($132M or 97.1%), and product exports increase in Computers ($1.09B or 69.7%), Integrated Circuits ($941M or 90.5%), and Passenger and Cargo Ships ($276M or 141%). In December 2020, the increase in Shanghai Province's year-by-year imports was explained primarily by an increase in imports from Germany ($1.1B or 45.4%), Indonesia ($422M or 123%), and Vietnam ($412M or 40.7%), and product imports increase in Cars ($764M or 86.2%), Integrated Circuits ($543M or 15.3%), and Blood, antisera, vaccines, toxins and cultures ($278M or 57.6%).