Overview: In January 2021 Hubei Province exported $3.99B and imported $2.56B, resulting in a positive trade balance of $1.43B. Between January 2020 and January 2021 the exports of Hubei Province have increased by $1.68B (72.8%) from $2.31B to $3.99B, while imports increased by $831M (48%) from $1.73B to $2.56B.
Trade: In January 2021, the top exports of Hubei Province were Telephones ($372M), Computers ($185M), Felt or Coated Fabric Garments ($171M), Passenger and Cargo Ships ($135M), and Office Machine Parts ($108M). In January 2021 the top imports of Hubei Province were Machines and apparatus of a kind... ($712M), Integrated Circuits ($407M), Iron Ore ($157M), Other Measuring Instruments ($84.8M), and Crude Petroleum ($54.7M).
Destinations: In January 2021, Hubei Province exported mostly to United States ($539M), Hong Kong ($377M), India ($193M), Brazil ($154M), and South Korea ($149M), and imported mostly from Japan ($510M), Taiwan ($320M), United States ($280M), South Korea ($193M), and China ($132M).
Growth: In January 2021, the increase in Hubei Province's year-by-year exports was explained primarily by an increase in exports to United States ($188M or 53.6%), Italy ($90.6M or 348%), and Philippines ($70M or 170%), and product exports increase in Telephones ($174M or 87.5%), Felt or Coated Fabric Garments ($132M or 332%), and Computers ($114M or 163%). In January 2021, the increase in Hubei Province's year-by-year imports was explained primarily by an increase in imports from Japan ($222M or 77.3%), United States ($202M or 261%), and Netherlands ($115M or 1.67k%), and product imports increase in Machines and apparatus of a kind... ($427M or 149%), Integrated Circuits ($137M or 50.7%), and Iron Ore ($109M or 225%).