Overview In December 2022 Tianjin exported $4.23B and imported $6.66B, resulting in a negative trade balance of $2.43B. Between December 2021 and December 2022 the exports of Tianjin have decreased by $-2.06B (-32.8%) from $6.3B to $4.23B, while imports increased by $360M (5.72%) from $6.3B to $6.66B.
Trade In December 2022, the top exports of Tianjin were Integrated Circuits ($233M), Special Purpose Ships ($193M), Electric Batteries ($150M), Planes, Helicopters, and/or Spacecraft ($118M), and Iron Pipes ($115M). In December 2022 the top imports of Tianjin were Planes, Helicopters, and/or Spacecraft ($1.16B), Soybeans ($690M), Cars ($547M), Integrated Circuits ($286M), and Petroleum Gas ($258M).
Destinations In December 2022, Tianjin exported mostly to United States ($452M), South Korea ($364M), Hong Kong ($230M), Japan ($216M), and Iraq ($190M), and imported mostly from United States ($1.08B), France ($949M), Germany ($704M), South Korea ($541M), and Brazil ($432M).
Growth In December 2022, the decrease in Tianjin's year-by-year exports was explained primarily by an decrease in exports to United Kingdom ($-20M or -29.6%), Germany ($-19.4M or -9.54%), and Nigeria ($-14.2M or -34.4%), and product exports decrease in Telephones ($-189M or -92.5%), Office Machine Parts ($-42.5M or -31.9%), and Computers ($-26.8M or -30%). In December 2022, the increase in Tianjin's year-by-year imports was explained primarily by an increase in imports from New Zealand ($178M or 77.7%), France ($161M or 101%), and Singapore ($91.2M or 158%), and product imports increase in Cars ($196M or 74.5%), Concentrated Milk ($172M or 91.8%), and Centrifuges ($93.1M or 532%).