Overview: In December 2020 Tianjin exported $4.01B and imported $5.72B, resulting in a negative trade balance of $1.72B. Between December 2019 and December 2020 the exports of Tianjin have decreased by $-1.17B (-22.6%) from $5.18B to $4.01B, while imports decreased by $-115M (-1.98%) from $5.84B to $5.72B.
Trade: In December 2020, the top exports of Tianjin were Telephones ($236M), Integrated Circuits ($148M), Office Machine Parts ($135M), Bicycles ($128M), and Semiconductor Devices ($122M). In December 2020 the top imports of Tianjin were Planes, Helicopters, and/or Spacecraft ($1.02B), Soybeans ($373M), Cars ($355M), Integrated Circuits ($280M), and Hormones ($172M).
Destinations: In December 2020, Tianjin exported mostly to United States ($523M), Hong Kong ($340M), Japan ($268M), South Korea ($253M), and Vietnam ($247M), and imported mostly from France ($904M), United States ($636M), Germany ($586M), South Korea ($575M), and Japan ($520M).
Growth: In December 2020, the decrease in Tianjin's year-by-year exports was explained primarily by an decrease in exports to Brazil ($-1.48B or -92.9%), Georgia ($-103M or -99.1%), and Spain ($-97.8M or -78.1%), and product exports decrease in Special Purpose Ships ($-1.44B or -94.3%), Planes, Helicopters, and/or Spacecraft ($-271M or -76.6%), and Office Machine Parts ($-59.9M or -30.8%). In December 2020, the decrease in Tianjin's year-by-year imports was explained primarily by an decrease in imports from China ($-207M or -65.5%), Germany ($-184M or -23.9%), and Japan ($-142M or -21.5%), and product imports decrease in Integrated Circuits ($-80.2M or -22.2%), Aircraft Parts ($-76.7M or -53.6%), and Gas Turbines ($-69.5M or -36.2%).