Jiangsu Province

Overview In February 2024 Jiangsu Province exported $33B and imported $19.6B, resulting in a positive trade balance of $13.4B. Between February 2023 and February 2024 the exports of Jiangsu Province have increased by $1.02B (3.18%) from $32B to $33B, while imports increased by $454M (2.38%) from $19.1B to $19.6B.

Trade In February 2024, the top exports of Jiangsu Province were Telephones ($2.85B), Integrated Circuits ($2.38B), Computers ($1.64B), Semiconductor Devices ($1.02B), and Passenger and Cargo Ships ($870M). In February 2024 the top imports of Jiangsu Province were Integrated Circuits ($4.71B), Iron Ore ($1.27B), Crude Petroleum ($1.03B), Flat panel displays ($515M), and Soybeans ($475M).

Destinations In February 2024, Jiangsu Province exported mostly to United States ($5.1B), South Korea ($2.27B), Japan ($2B), India ($1.43B), and Hong Kong ($1.42B), and imported mostly from South Korea ($3.08B), Taiwan ($2.66B), Japan ($1.7B), United States ($1.19B), and Australia ($997M).

Growth In February 2024, the increase in Jiangsu Province's year-by-year exports was explained primarily by an increase in exports to Singapore ($266M or 32.1%), Turkey ($187M or 47.4%), and Liberia ($164M or 288%), and product exports increase in Telephones ($729M or 25.9%), Special Purpose Ships ($283M or 2.76M%), and Electric Batteries ($278M or 31.4%). In February 2024, the increase in Jiangsu Province's year-by-year imports was explained primarily by an increase in imports from Argentina ($391M or 1.59k%), Canada ($150M or 100%), and Indonesia ($119M or 16.8%), and product imports increase in Soybeans ($381M or 31.8%), Refined Copper ($147M or 148%), and Other Inorganic Acids Salts ($132M or 74.4%).