Overview This page contains the latest international trade data for Zhejiang Province. In N/A Zhejiang Province was the number 3 in total exports and the number 6 in total imports.

Exports In 2020, China's Zhejiang Province exported $325B, making it the 3rd largest exporter out of the 31 exporters in China. In 2020 the top exports of Zhejiang Province were Made up articles (textile) nes, textile... ($10.1B), Tricycles, scooters, pedal cars and similar... ($5.03B), Taps, cocks, valves and similar appliances,... ($4.42B), Electric lamps, lighting fittings, nes ($4.08B), and Photosensitive/photovoltaic/LED semiconductor devices ($3.69B).

Imports In 2020, China's Zhejiang Province imported $121B, making it the 6th largest importer out of the 31 importers in China. In 2020 top imports of Zhejiang Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($9.64B), Petroleum oils, oils from bituminous minerals,... ($7.59B), Copper cathodes and sections of cathodes... ($3.94B), Light petroleum distillates nes ($3.11B), and Copper/copper alloy waste or scrap ($2.7B).

Economic Complexity In 2020, the highest complexity exports of Zhejiang Province according to the product complexity index (PCI) are Metalworking Machines (1.82), Iron Fasteners (1.81), Glass with Edge Workings (1.81), Hot-Rolled Stainless Steel Bars (1.8), and Rubberworking Machinery (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Value
Compare to
Depth

Top Destination (2020): United States, $54.4B

Top Product (2020): Made up articles (textile) nes, textile..., $10.1B

In 2020 the top export destinations of Zhejiang Province were United States ($54.4B), Germany ($15B), Japan ($13.6B), United Kingdom ($11.8B), and India ($10.2B).

In 2020 the top exports of Zhejiang Province were Made up articles (textile) nes, textile... ($10.1B), Tricycles, scooters, pedal cars and similar... ($5.03B), Taps, cocks, valves and similar appliances,... ($4.42B), Electric lamps, lighting fittings, nes ($4.08B), and Photosensitive/photovoltaic/LED semiconductor devices ($3.69B).

Explore Visualizations

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Sep 2020 - Sep 2021)

Rapidly Declining Export Origins (Sep 2020 - Sep 2021)

Yearly Imports

#permalink to section
Value
Depth
Compare to

Top Origin (2020): South Korea, $10.1B

Top Import (2020): Iron ore, concentrate, not iron pyrites,unagglomerate, $9.64B

In 2020 the top import origins of Zhejiang Province were South Korea ($10.1B), Japan ($9.77B), Australia ($8.79B), Taiwan ($7.03B), and United States ($6.88B).

In 2020 the top imports of Zhejiang Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($9.64B), Petroleum oils, oils from bituminous minerals,... ($7.59B), Copper cathodes and sections of cathodes... ($3.94B), Light petroleum distillates nes ($3.11B), and Copper/copper alloy waste or scrap ($2.7B).

Explore Visualizations

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Sep 2020 - Sep 2021)

Rapidly Declining Import Origins (Sep 2020 - Sep 2021)

Economic Complexity

#permalink to section

Economic Complexity of China

#permalink to section

Economic Complexity (2020): 0.22

Zhejiang Province ranks 9th 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.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

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 (0.55), LCDs (0.52), Artificial Textile Machinery (0.51), Unprocessed Artificial Staple Fibers (0.5), and Calculators (0.5).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Zhejiang Province according to the product complexity index (PCI) are Metalworking Machines (1.82), Iron Fasteners (1.81), Glass with Edge Workings (1.81), Hot-Rolled Stainless Steel Bars (1.8), and Rubberworking Machinery (1.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Other Cloth Articles (38.4), Vacuum Flask (28.0), Smoking Pipes (23.0), Aluminium Housewares (20.2), and Motor-working Tools (19.1).

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.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of  Zhejiang Province. These are products that tend to be co-exported with the products that Zhejiang Province exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

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.