Overview: In December 2020 Zhejiang Province exported $37.2B and imported $11.7B, resulting in a positive trade balance of $25.5B. Between December 2019 and December 2020 the exports of Zhejiang Province have increased by $5.76B (18.3%) from $31.5B to $37.2B, while imports increased by $798M (7.3%) from $10.9B to $11.7B.
Trade: In December 2020, the top exports of Zhejiang Province were Seats ($1.14B), Synthetic Filament Yarn Woven Fabric ($774M), Light Fixtures ($748M), Vehicle Parts ($737M), and Valves ($649M). In December 2020 the top imports of Zhejiang Province were Iron Ore ($896M), Refined Copper ($653M), Crude Petroleum ($597M), Ethylene Polymers ($484M), and Petroleum Gas ($332M).
Destinations: In December 2020, Zhejiang Province exported mostly to United States ($6.59B), Germany ($1.62B), India ($1.31B), Japan ($1.26B), and United Kingdom ($1.21B), and imported mostly from Japan ($969M), United States ($814M), South Korea ($811M), Australia ($687M), and Taiwan ($658M).
Growth: In December 2020, the increase in Zhejiang Province's year-by-year exports was explained primarily by an increase in exports to United States ($1.81B or 37.8%), Germany ($352M or 27.7%), and Australia ($258M or 44.6%), and product exports increase in Blood, antisera, vaccines, toxins and cultures ($336M or 1.58k%), Telephones ($331M or 215%), and Refined Petroleum ($292M or 125%). In December 2020, the increase in Zhejiang Province's year-by-year imports was explained primarily by an increase in imports from United States ($394M or 93.9%), Vietnam ($295M or 106%), and Iran ($266M or 175%), and product imports increase in Refined Copper ($288M or 78.8%), Telephones ($238M or 1.84k%), and Coal Briquettes ($206M or 939M%).