Overview: In December 2020 Guizhou Province exported $745M and imported $253M, resulting in a positive trade balance of $492M. Between December 2019 and December 2020 the exports of Guizhou Province have increased by $469M (170%) from $276M to $745M, while imports increased by $69.2M (37.7%) from $183M to $253M.
Trade: In December 2020, the top exports of Guizhou Province were Telephones ($340M), Mixed Mineral or Chemical Fertilizers ($53.6M), Commodities not elsewhere specified ($37.3M), Integrated Circuits ($20.1M), and Surveying Equipment ($19.1M). In December 2020 the top imports of Guizhou Province were Surveying Equipment ($54.4M), Integrated Circuits ($53.8M), Semiconductor Devices ($12.9M), Iron Ore ($11.7M), and Raw Nickel ($8.62M).
Destinations: In December 2020, Guizhou Province exported mostly to Hong Kong ($425M), United States ($34.6M), Australia ($34M), United Kingdom ($25M), and Myanmar ($19.4M), and imported mostly from Malaysia ($65M), Taiwan ($63.1M), China ($34.7M), Australia ($20.5M), and Thailand ($14.9M).
Growth: In December 2020, the increase in Guizhou Province's year-by-year exports was explained primarily by an increase in exports to Australia ($26.3M or 345%), Myanmar ($15.9M or 450%), and United Kingdom ($15.8M or 173%), and product exports increase in Telephones ($340M or 756k%), Commodities not elsewhere specified ($37.3M or 101k%), and Mixed Mineral or Chemical Fertilizers ($28.6M or 115%). In December 2020, the increase in Guizhou Province's year-by-year imports was explained primarily by an increase in imports from Malaysia ($62.1M or 2.14k%), China ($15.9M or 84.6%), and Taiwan ($15.7M or 33.1%), and product imports increase in Surveying Equipment ($54.4M or 245k%), Integrated Circuits ($14.4M or 36.5%), and Mirrors and Lenses ($7.2M or 2.13k%).