Shanghai Province

Overview In February 2024 Shanghai Province exported $16.4B and imported $24.1B, resulting in a negative trade balance of $7.71B. Between February 2023 and February 2024 the exports of Shanghai Province have decreased by $-1.14B (-6.5%) from $17.5B to $16.4B, while imports decreased by $-6.4B (-21%) from $30.5B to $24.1B.

Trade In February 2024, the top exports of Shanghai Province were Integrated Circuits ($1.63B), Cars ($1.43B), Computers ($1.41B), Telephones ($584M), and Passenger and Cargo Ships ($469M). In February 2024 the top imports of Shanghai Province were Gold ($2.6B), Integrated Circuits ($2.34B), Iron Ore ($1.92B), Computers ($550M), and Machines and apparatus of a kind... ($527M).

Destinations In February 2024, Shanghai Province exported mostly to United States ($2.57B), Japan ($1.16B), Hong Kong ($1.05B), South Korea ($862M), and Germany ($777M), and imported mostly from Japan ($2.55B), Switzerland ($2.38B), United States ($1.91B), Australia ($1.54B), and Taiwan ($1.47B).

Growth In February 2024, the decrease in Shanghai Province's year-by-year exports was explained primarily by an decrease in exports to Hong Kong ($-1.2B or -50.5%), United States ($-1.01B or -22.1%), and Taiwan ($-467M or -35.2%), and product exports decrease in Computers ($-1.25B or -49.5%), Integrated Circuits ($-710M or -27.2%), and Passenger and Cargo Ships ($-473M or -72.2%). In February 2024, the decrease in Shanghai Province's year-by-year imports was explained primarily by an decrease in imports from Taiwan ($-1.03B or -40.8%), Japan ($-777M or -24.2%), and South Korea ($-705M or -30.8%), and product imports decrease in Integrated Circuits ($-1.47B or -33.4%), Machines and apparatus of a kind... ($-156M or -30.4%), and Computers ($-155M or -33.2%).