Shanxi ProvinceProvince 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.
Overview: In December 2020 Shanxi Province exported $1.76B and imported $1.52B, resulting in a positive trade balance of $243M. Between December 2019 and December 2020 the exports of Shanxi Province have increased by $852M (93.7%) from $909M to $1.76B, while imports increased by $638M (72.6%) from $879M to $1.52B.
Trade: In December 2020, the top exports of Shanxi Province were Telephones ($778M), Integrated Circuits ($307M), Oscilloscopes ($76.7M), Hydrometers ($73.7M), and Large Flat-Rolled Stainless Steel ($66.5M). In December 2020 the top imports of Shanxi Province were Integrated Circuits ($585M), Iron Ore ($129M), Ferroalloys ($119M), Telephones ($86.7M), and Oscilloscopes ($78.2M).
Destinations: In December 2020, Shanxi Province exported mostly to Hong Kong ($506M), United States ($296M), Netherlands ($135M), Japan ($93.1M), and Malaysia ($77.5M), and imported mostly from Japan ($333M), Taiwan ($230M), China ($204M), Australia ($111M), and Singapore ($86.4M).
Growth: In December 2020, the increase in Shanxi Province's year-by-year exports was explained primarily by an increase in exports to Netherlands ($103M or 320%), Japan ($59.8M or 180%), and Malaysia ($40.1M or 107%), and product exports increase in Telephones ($305M or 64.3%), Integrated Circuits ($286M or 1.32k%), and Electrical Resistors ($49.5M or 55M%). In December 2020, the increase in Shanxi Province's year-by-year imports was explained primarily by an increase in imports from Japan ($254M or 321%), China ($126M or 162%), and Taiwan ($116M or 101%), and product imports increase in Integrated Circuits ($383M or 189%), Oscilloscopes ($77.9M or 23.4k%), and Hydrometers ($73.5M or 131k%).
EXPORT GROWTH (December 2019 - December 2020): $852M, (93.7%)
IMPORT GROWTH (December 2019 - December 2020): $638M, (72.6%)
This section shows exports and imports data at subnational level for Shanxi Province. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Shanxi Province over time.
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.
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).
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).
Shanxi Province ranks 8th out of the 31 provinces in China according to ECI.
Estimated using exports data.
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).
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.
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.
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.
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