Overview In July 2021 Shanghai Province exported $20.5B and imported $30.5B, resulting in a negative trade balance of $9.97B. Between July 2020 and July 2021 the exports of Shanghai Province have increased by $5.52B (36.7%) from $15B to $20.5B, while imports increased by $5.12B (20.2%) from $25.4B to $30.5B.
Trade In July 2021, the top exports of Shanghai Province were N/A. In July 2021 the top imports of Shanghai Province were N/A.
Destinations In July 2021, Shanghai Province exported mostly to United States ($3.92B), Hong Kong ($2.2B), Japan ($1.55B), Taiwan ($1.31B), and South Korea ($873M), and imported mostly from Japan ($3.54B), Germany ($2.53B), United States ($2.21B), Taiwan ($2.14B), and Australia ($1.86B).
Growth In July 2021, the increase in Shanghai Province's year-by-year exports was explained primarily by an increase in exports to Belgium ($489M or 520%), Taiwan ($446M or 51.6%), and South Korea ($282M or 47.6%), and product exports increase in Integrated Circuits ($1.56B or 145%), Cars ($710M or 398%), and Passenger and Cargo Ships ($590M or 820%). In July 2021, the increase in Shanghai Province's year-by-year imports was explained primarily by an increase in imports from Switzerland ($1.28B or 221%), Australia ($466M or 33.4%), and Germany ($426M or 20.2%), and product imports increase in Gold ($2.06B or 98.2k%), Iron Ore ($570M or 48.6%), and Diamonds ($271M or 227%).