Shaanxi Province

Overview In February 2024 Shaanxi Province exported $3.11B and imported $1.79B, resulting in a positive trade balance of $1.32B. Between February 2023 and February 2024 the exports of Shaanxi Province have increased by $243M (8.49%) from $2.87B to $3.11B, while imports decreased by $-187M (-9.5%) from $1.97B to $1.79B.

Trade In February 2024, the top exports of Shaanxi Province were Integrated Circuits ($1.25B), Semiconductor Devices ($301M), Cars ($238M), Office Machine Parts ($208M), and Computers ($63.4M). In February 2024 the top imports of Shaanxi Province were Integrated Circuits ($1.04B), Machines and apparatus of a kind... ($92.2M), Soybeans ($66M), Iron Ore ($55.3M), and Packaged Medicaments ($35.2M).

Destinations In February 2024, Shaanxi Province exported mostly to South Korea ($639M), Russia ($324M), Malaysia ($223M), Vietnam ($199M), and Hong Kong ($193M), and imported mostly from South Korea ($687M), Taiwan ($311M), Japan ($198M), United States ($124M), and Australia ($62.4M).

Growth In February 2024, the increase in Shaanxi Province's year-by-year exports was explained primarily by an increase in exports to Russia ($125M or 407%), Netherlands ($65.5M or 46.9%), and Saudi Arabia ($55.2M or 1.2k%), and product exports increase in Semiconductor Devices ($118M or 50.9%), Other Construction Vehicles ($50.1M or 309%), and Electric Batteries ($34M or 52.4%). In February 2024, the decrease in Shaanxi Province's year-by-year imports was explained primarily by an decrease in imports from Taiwan ($-491M or -58.1%), Japan ($-187M or -51.3%), and Chile ($-126M or -94.9%), and product imports decrease in Integrated Circuits ($-512M or -46.9%), Office Machine Parts ($-206M or -86.7%), and Refined Copper ($-186M or -88.5%).