Zhejiang ProvinceProvince in China
Exports (2019): $314B, Rnk 3/31
Top Destination (2019): $51.7B, United States
Top Export (2019): $4.54B, Tricycles, scooters, pedal cars and similar...
Imports (2019): $107B, Rnk 6/31
Top Origin (2019): $10.5B, Japan
Top Import (2019): $8.31B, Iron ore, concentrate, not iron pyrites,unagglomerate
Economic Complexity (2019): 0.2, Rnk 8 / 31
Overview: This page contains the latest international trade data for Zhejiang Province, including export and import data.
Exports: In 2019, China's Zhejiang Province exported $314B, making it the 3rd largest exporter out of the 31 exporters in China. In 2019 the top exports of Zhejiang Province were Tricycles, scooters, pedal cars and similar... ($4.54B), Woven fabric >85% textured polyester, dyed,... ($4.5B), Taps, cocks, valves and similar appliances,... ($4.46B), Footwear, outer soles/uppers of rubber or... ($4.22B), and Photosensitive/photovoltaic/LED semiconductor devices ($4.07B).
Imports: In 2019, China's Zhejiang Province imported $107B, making it the 6th largest importer out of the 31 importers in China. In 2019 top imports of Zhejiang Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($8.31B), Light petroleum distillates nes ($4.93B), P-xylene ($4.38B), Copper/copper alloy waste or scrap ($3.58B), and Petroleum oils, oils from bituminous minerals,... ($3.18B).
Economic Complexity: In 2019, the highest complexity exports of Zhejiang Province according to the product complexity index (PCI) are Electric Soldering Equipment (1.79), Metalworking Machines (1.77), Phosphoric Esters and Salts (1.74), Hot-Rolled Stainless Steel Bars (1.73), and Iron Fasteners (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): United States, $51.7B
Top Product (2019): Tricycles, scooters, pedal cars and similar..., $4.54B
In 2019 the top export destinations of Zhejiang Province were United States ($51.7B), Germany ($13.1B), India ($12.4B), Japan ($11.6B), and United Kingdom ($10.5B).
In 2019 the top exports of Zhejiang Province were Tricycles, scooters, pedal cars and similar... ($4.54B), Woven fabric >85% textured polyester, dyed,... ($4.5B), Taps, cocks, valves and similar appliances,... ($4.46B), Footwear, outer soles/uppers of rubber or... ($4.22B), and Photosensitive/photovoltaic/LED semiconductor devices ($4.07B).
Fastest Growing Exports Destination (July 2019 - July 2020)
Top Origin (2019): Japan, $10.5B
Top Import (2019): Iron ore, concentrate, not iron pyrites,unagglomerate, $8.31B
In 2019 the top import origins of Zhejiang Province were Japan ($10.5B), South Korea ($9.68B), Australia ($8.78B), Taiwan ($7.76B), and Brazil ($4.76B).
In 2019 the top imports of Zhejiang Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($8.31B), Light petroleum distillates nes ($4.93B), P-xylene ($4.38B), Copper/copper alloy waste or scrap ($3.58B), and Petroleum oils, oils from bituminous minerals,... ($3.18B).
Fastest Growing Import Origins (July 2019 - July 2020)
This section shows differences between total trade from Zhejiang Province throughout time.
This section shows forecasts for total exports and imports from Zhejiang Province. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Zhejiang Province ranks 8th out of the 31 territories in China according to ECI.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Zhejiang Province already has a comparative advantage, are led by Cinnamon (0.53), Telephones (0.51), LCDs (0.51), Printed Circuit Boards (0.48), and Light Rubberized Knitted Fabric (0.48).
The highest complexity exports of Zhejiang Province according to the product complexity index (PCI) are Electric Soldering Equipment (1.79), Metalworking Machines (1.77), Phosphoric Esters and Salts (1.74), Hot-Rolled Stainless Steel Bars (1.73), and Iron Fasteners (1.72). 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 Vacuum Flask (33.7), Combs (26.2), Embroidery (25.4), Woven Fabric of Synthetic Staple Fibers (24.7), and Glass Beads (23.2).
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 Zhejiang 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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