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Overview This page contains the latest international trade data for Shanghai Province. In April 2024 Shanghai Province was the number 5 in total exports and the number 3 in total imports in China.

Exports In 2023, China's Shanghai Province exported $256B, making it the 5th largest exporter out of the 31 exporters in China. In 2023 the top exports of Shanghai Province were Electric motor Vehicles ($16.9B), Electronic integrated circuits: processors and controllers,... ($10.8B), Portable Computers under 10kg with Keyboard... ($9.46B), Electronic integrated circuits: memories ($9.06B), and Smartphones ($7.1B).

Imports In 2023, China's Shanghai Province imported $371B, making it the 3rd largest importer out of the 31 importers in China. In 2023 top imports of Shanghai Province were Gold in unwrought forms non-monetary ($23.1B), Electronic integrated circuits: processors and controllers,... ($18.9B), Iron ore, concentrate, not iron pyrites,unagglomerate ($18.6B), Electronic integrated circuits: memories ($12B), and Medium Sized Cars ($9.1B).

Economic Complexity In 2023, the highest complexity exports of Shanghai Province according to the product complexity index (PCI) are Metalworking Machines (2.24), Artificial Textile Machinery (2.15), Disc Chemicals for Electronics (2.11), Other Esters (2.07), Blank Audio Media (1.98), Non-Mechanical Removal Machinery (1.95), Phosphoric Esters and Salts (1.91), Iron Fasteners (1.83), Rubberworking Machinery (1.83), and Interchangeable Tool Parts (1.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)United States$39.4B
Top Product (2023)Electric motor Vehicles$16.9B

In 2023 the top export destinations of Shanghai Province were United States ($39.4B), Hong Kong ($21.6B), Japan ($20.4B), Chinese Taipei ($11.4B), and South Korea ($11.3B).

In 2023 the top exports of Shanghai Province were Electric motor Vehicles ($16.9B), Electronic integrated circuits: processors and controllers,... ($10.8B), Portable Computers under 10kg with Keyboard... ($9.46B), Electronic integrated circuits: memories ($9.06B), and Smartphones ($7.1B).

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Exports Dynamics

Fastest Growing Exports Destination (Apr 2023 - Apr 2024)
Singapore $340M (61%)
Malta $302M (3.65k%)
Vietnam $218M (50.8%)
Rapidly Declining Export Origins (Apr 2023 - Apr 2024)
Hong Kong -$852M (-37.5%)
Germany -$378M (-35.9%)
Belgium -$372M (-58.1%)

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Yearly Imports

Color
Depth
Top Origin (2023)Japan$35.3B

In 2023 the top import origins of Shanghai Province were Japan ($35.3B), United States ($28.8B), Germany ($26.9B), Australia ($23.7B), and Chinese Taipei ($22.3B).

In 2023 the top imports of Shanghai Province were Gold in unwrought forms non-monetary ($23.1B), Electronic integrated circuits: processors and controllers,... ($18.9B), Iron ore, concentrate, not iron pyrites,unagglomerate ($18.6B), Electronic integrated circuits: memories ($12B), and Medium Sized Cars ($9.1B).

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Imports Dynamics

Fastest Growing Import Origins (Apr 2023 - Apr 2024)
Chinese Taipei $487M (29.5%)
South Korea $407M (34.8%)
Japan $322M (10.8%)
Rapidly Declining Import Origins (Apr 2023 - Apr 2024)
Chile -$275M (-38.1%)
Australia -$247M (-12.2%)
Slovakia -$227M (-69.3%)

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Economic Complexity

Economic Complexity of Shanghai Province

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Economic Complexity (2023)0.39

Shanghai Province ranks 2nd 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.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Shanghai Province already has a comparative advantage, are led by Artificial Vegetation (0.5), Cutlery Sets (0.48), Party Decorations (0.47), Other Clocks (0.45), and Cast or Rolled Glass (0.45).

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Most Complex Products by PCI

The highest complexity exports of Shanghai Province according to the product complexity index (PCI) are Metalworking Machines (2.24), Artificial Textile Machinery (2.15), Disc Chemicals for Electronics (2.11), Other Esters (2.07), Blank Audio Media (1.98), Non-Mechanical Removal Machinery (1.95), Phosphoric Esters and Salts (1.91), Iron Fasteners (1.83), Rubberworking Machinery (1.83), and Interchangeable Tool Parts (1.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Flat panel displays (140.49), Cranes (12.60), Balances (10.94), Inorganic Salts (10.38), and Inedible Fats and Oils (8.86).

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Product Space

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 Shanghai 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.

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Relatedness Space

This network shows the products most related to the production structure of  Shanghai Province. These are products that tend to be co-exported with the products that Shanghai Province exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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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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