Overview In September 2022 Shanghai Province exported $24.2B and imported $33.2B, resulting in a negative trade balance of $9.03B. Between September 2021 and September 2022 the exports of Shanghai Province have increased by $3.74B (18.3%) from $20.4B to $24.2B, while imports decreased by $-453M (-1.35%) from $33.7B to $33.2B.
Trade In September 2022, the top exports of Shanghai Province were Computers ($2.8B), Integrated Circuits ($2.41B), Cars ($1.31B), Telephones ($1.15B), and Electric Batteries ($599M). In September 2022 the top imports of Shanghai Province were Integrated Circuits ($5.1B), Gold ($2.34B), Iron Ore ($1.62B), Cars ($847M), and Beauty Products ($626M).
Destinations In September 2022, Shanghai Province exported mostly to United States ($4.38B), Hong Kong ($2.03B), Japan ($1.93B), Taiwan ($1.52B), and South Korea ($919M), and imported mostly from Japan ($3.39B), Taiwan ($2.97B), United States ($2.78B), Germany ($2.4B), and South Korea ($2.12B).
Growth In September 2022, the increase in Shanghai Province's year-by-year exports was explained primarily by an increase in exports to Vietnam ($198M or 57%), South Korea ($159M or 24.6%), and United Kingdom ($102M or 27.1%), and product exports increase in Computers ($1.37B or 129%), Integrated Circuits ($1.12B or 117%), and Cars ($253M or 188%). In September 2022, the decrease in Shanghai Province's year-by-year imports was explained primarily by an decrease in imports from Switzerland ($-366M or -40.8%), Singapore ($-350M or -41.2%), and South Africa ($-312M or -68.9%), and product imports decrease in Gold ($-1.49B or -99.8%), Cars ($-430M or -48.7%), and Refined Copper ($-274M or -42.8%).