Overview In August 2021 Hubei Province exported $4.78B and imported $2.35B, resulting in a positive trade balance of $2.43B. Between August 2020 and August 2021 the exports of Hubei Province have increased by $3.42B (251%) from $1.36B to $4.78B, while imports increased by $1.88B (404%) from $466M to $2.35B.
Trade In August 2021, the top exports of Hubei Province were Telephones ($582M), Mixed Mineral or Chemical Fertilizers ($171M), Computers ($164M), Integrated Circuits ($140M), and Light Fixtures ($132M). In August 2021 the top imports of Hubei Province were Integrated Circuits ($437M), Machines and apparatus of a kind... ($341M), Iron Ore ($246M), Copper Ore ($154M), and Crude Petroleum ($69.8M).
Destinations In August 2021, Hubei Province exported mostly to United States ($814M), Hong Kong ($509M), Brazil ($226M), India ($175M), and South Korea ($173M), and imported mostly from Japan ($319M), Taiwan ($273M), Australia ($258M), South Korea ($216M), and United States ($202M).
Growth In August 2021, the increase in Hubei Province's year-by-year exports was explained primarily by an increase in exports to India ($45.7M or 35.4%), Japan ($45.3M or 41.1%), and Pakistan ($44.7M or 108%), and product exports increase in Telephones ($527M or 975%), Computers ($119M or 270%), and Light Fixtures ($115M or 672%). In August 2021, the increase in Hubei Province's year-by-year imports was explained primarily by an increase in imports from Australia ($188M or 268%), Peru ($50.3M or 302%), and Angola ($33.7M or 93.5%), and product imports increase in Integrated Circuits ($421M or 2.64k%), Machines and apparatus of a kind... ($340M or 34.1k%), and Iron Ore ($197M or 401%).