Shanxi Province

Province in China

2019
Economic
Complexity
: 0.21, Rank 8 of 31

Dec 2020
Trade
Exports | Imports
: $1.76B | $1.52B, 21 of 31 | 20 of 31

Dec 2020
Country
Destination | Origin
: Hong Kong | Japan , $506M  | $333M

Dec 2020
Product
Exports | Imports
: Telephones | Integrated Circuits , $778M  | $585M

Overview: This page contains the latest international trade data for Shanxi Province, including export and import data.

Exports: In 2020, China's Shanxi Province exported $12B, making it the 22nd largest exporter out of the 31 exporters in China. In 2020 the top exports of Shanxi Province were Telephones for cellular networks or for... ($7.4B), Telephone sets and other apparatus for... ($309M), Electronic integrated circuits: processors and controllers,... ($271M), Hot rolled stainless steel coil, w... ($183M), and Hot rolled stainless steel coil, w... ($152M).

Imports: In 2020, China's Shanxi Province imported $8.97B, making it the 25th largest importer out of the 31 importers in China. In 2020 top imports of Shanxi Province were Electronic integrated circuits: processors and controllers,... ($2.34B), Iron ore, concentrate, not iron pyrites,unagglomerate ($814M), Parts for radio/tv transmit/receive equipment, nes ($655M), Ferro-nickel ($580M), and Chromium ores and concentrates ($363M).

Economic Complexity: In 2019, the highest complexity exports of Shanxi Province according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.7), Electric Soldering Equipment (1.68), Hydrides and other anions (1.57), Polymer Ion-Exchangers (1.53), and Flat Flat-Rolled Steel (1.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Value
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This section shows the differences between Shanxi Province's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit China's country profile.

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Yearly Exports

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Top Destination (2020): United States, $3.74B

Top Product (2020): Telephones for cellular networks or for..., $7.4B

In 2020 the top export destinations of Shanxi Province were United States ($3.74B), Netherlands ($821M), United Kingdom ($611M), Russia ($559M), and Japan ($528M).

In 2020 the top exports of Shanxi Province were Telephones for cellular networks or for... ($7.4B), Telephone sets and other apparatus for... ($309M), Electronic integrated circuits: processors and controllers,... ($271M), Hot rolled stainless steel coil, w... ($183M), and Hot rolled stainless steel coil, w... ($152M).

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Exports Dynamics

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Fastest Growing Exports Destination (Dec 2019 - Dec 2020)

Rapidly Declining Export Origins (Dec 2019 - Dec 2020)

Yearly Imports

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Depth

Top Origin (2020): Taiwan, $1.71B

Top Import (2020): Electronic integrated circuits: processors and controllers,..., $2.34B

In 2020 the top import origins of Shanxi Province were Taiwan ($1.71B), Japan ($1.08B), Vietnam ($891M), China ($870M), and Australia ($698M).

In 2020 the top imports of Shanxi Province were Electronic integrated circuits: processors and controllers,... ($2.34B), Iron ore, concentrate, not iron pyrites,unagglomerate ($814M), Parts for radio/tv transmit/receive equipment, nes ($655M), Ferro-nickel ($580M), and Chromium ores and concentrates ($363M).

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Imports Dynamics

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Fastest Growing Import Origins (Dec 2019 - Dec 2020)

Rapidly Declining Import Origins (Dec 2019 - Dec 2020)

Economic Complexity

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Economic Complexity of China

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Shanxi Province ranks 8th out of the 31 provinces in China according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Shanxi Province already has a comparative advantage, are led by Artificial Vegetation (0.12), Vacuum Flask (0.11), Slate (0.11), Glass with Edge Workings (0.11), and Other Cutlery (0.11).

Most Complex Products by PCI

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The highest complexity exports of Shanxi Province according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.7), Electric Soldering Equipment (1.68), Hydrides and other anions (1.57), Polymer Ion-Exchangers (1.53), and Flat Flat-Rolled Steel (1.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Magnesium (134), Telephones (83.2), Activated Carbon (75.7), Large Flat-Rolled Stainless Steel (61.9), and Nitrites and Nitrates (51.7).

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 Shanxi 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.

Relatedness Space

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

Diversification Frontier

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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.