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%).