Shanxi ProvinceProvince in China
2020 Economic Complexity : 0.21, Rank 8 of 31
Aug 2021 Trade Exports | Imports: $1.66B | $1.05B, 22 of 31 | 24 of 31
Aug 2021 Country Destination | Origin: United States | Taiwan , $543M | $241M
Aug 2021 Product Exports | Imports: Telephones for cellular networks or for other wireless... | Electronic integrated circuits: processors and controllers, whether or..., $1.04B | $303M
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 2020, the highest complexity exports of Shanxi Province according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.8), Oscilloscopes (1.77), Metal Finishing Machines (1.76), Polymer Ion-Exchangers (1.61), and Flat Flat-Rolled Steel (1.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
August, 2021
Overview In August 2021 Shanxi Province exported $1.66B and imported $1.05B, resulting in a positive trade balance of $613M. Between August 2020 and August 2021 the exports of Shanxi Province have increased by $462M (38.5%) from $1.2B to $1.66B, while imports increased by $285M (37.2%) from $766M to $1.05B.
Trade In August 2021, the top exports of Shanxi Province were Telephones ($1.09B), Integrated Circuits ($87.4M), Large Flat-Rolled Stainless Steel ($53.9M), Electric Motor Parts ($30.8M), and Excavation Machinery ($20M). In August 2021 the top imports of Shanxi Province were Integrated Circuits ($482M), Ferroalloys ($127M), Iron Ore ($72.3M), Telephones ($63.3M), and LCDs ($44.2M).
Destinations In August 2021, Shanxi Province exported mostly to United States ($543M), Netherlands ($141M), Hong Kong ($92.6M), Japan ($70.8M), and Russia ($69.4M), and imported mostly from Taiwan ($241M), Japan ($176M), China ($84.8M), South Korea ($84.2M), and Australia ($67.7M).
Growth In August 2021, the increase in Shanxi Province's year-by-year exports was explained primarily by an increase in exports to United States ($256M or 89.5%), Vietnam ($63.3M or 1.28k%), and Japan ($56.1M or 380%), and product exports increase in Telephones ($140M or 14.7%), Electric Motor Parts ($30.6M or 11.7k%), and Large Flat-Rolled Stainless Steel ($27.9M or 107%). In August 2021, the increase in Shanxi Province's year-by-year imports was explained primarily by an increase in imports from Japan ($106M or 151%), Taiwan ($77.6M or 47.5%), and South Korea ($31.3M or 59.3%), and product imports increase in Integrated Circuits ($206M or 74.7%), Ferroalloys ($78.2M or 159%), and Telephones ($27.4M or 76.1%).
EXPORT GROWTH (August 2020 - August 2021): $462M, (38.5%)
IMPORT GROWTH (August 2020 - August 2021): $285M, (37.2%)
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.
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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).
Fastest Growing Exports Destination (Aug 2020 - Aug 2021)
Rapidly Declining Export Origins (Aug 2020 - Aug 2021)
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).
Fastest Growing Import Origins (Aug 2020 - Aug 2021)
Rapidly Declining Import Origins (Aug 2020 - Aug 2021)
Economic Complexity (2020): 0.21
Shanxi Province ranks 8th 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.
The top export opportunities according to the relatedness level, without considering those products were Shanxi Province already has a comparative advantage, are led by Vacuum Flask (0.12), LCDs (0.11), Combs (0.11), Cast or Rolled Glass (0.11), and Portable Lighting (0.11).
The highest complexity exports of Shanxi Province according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.8), Oscilloscopes (1.77), Metal Finishing Machines (1.76), Polymer Ion-Exchangers (1.61), and Flat Flat-Rolled Steel (1.47). 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 (124.5), Telephones (85.8), Activated Carbon (62.7), Vegetable and Mineral Carvings (52.5), and Nitrites and Nitrates (43.5).
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.