Shanxi Province

Overview In February 2024 Shanxi Province exported $1.18B and imported $638M, resulting in a positive trade balance of $547M. Between February 2023 and February 2024 the exports of Shanxi Province have increased by $239M (25.3%) from $945M to $1.18B, while imports decreased by $-132M (-17.2%) from $770M to $638M.

Trade In February 2024, the top exports of Shanxi Province were Telephones ($770M), Large Flat-Rolled Stainless Steel ($45.3M), Locomotive Parts ($27.4M), Hot-Rolled Iron ($27.2M), and Magnesium ($20.2M). In February 2024 the top imports of Shanxi Province were Ferroalloys ($152M), Integrated Circuits ($121M), Iron Ore ($103M), Chromium Ore ($69.1M), and Coal Briquettes ($37.2M).

Destinations In February 2024, Shanxi Province exported mostly to United States ($418M), Japan ($92.4M), India ($66.6M), Singapore ($56.4M), and Czechia ($52.3M), and imported mostly from Indonesia ($164M), South Africa ($100M), Taiwan ($88.3M), Australia ($83.8M), and South Korea ($25.6M).

Growth In February 2024, the increase in Shanxi Province's year-by-year exports was explained primarily by an increase in exports to India ($31M or 58.1%), Taiwan ($24.3M or 291%), and Czechia ($22.6M or 160%), and product exports increase in Locomotive Parts ($10.8M or 291%), Large Flat-Rolled Stainless Steel ($8.89M or 18.8%), and Antibiotics ($8.38M or 46.2%). In February 2024, the decrease in Shanxi Province's year-by-year imports was explained primarily by an decrease in imports from Taiwan ($-115M or -62.7%), Vietnam ($-65.9M or -80.4%), and South Korea ($-52.9M or -63.6%), and product imports decrease in Integrated Circuits ($-201M or -64.2%), Broadcasting Accessories ($-49.4M or -89.6%), and Nickel Ore ($-41.7M or -72.7%).