Overview This page contains the latest international trade data for Hubei Province. In December 2022 Hubei Province was the number 14 in total exports and the number 17 in total imports in China.

Exports In 2022, China's Hubei Province exported $54.3B, making it the 14th largest exporter out of the 31 exporters in China. In 2022 the top exports of Hubei Province were Smartphones ($3.23B), Part Phone, recept Voice ($1.45B), Electronic integrated circuits: memories ($1.35B), Diammonium phosphate, in packs >10 kg ($1.24B), and Parts and accessories of data processing... ($1.07B).

Imports In 2022, China's Hubei Province imported $28.6B, making it the 17th largest importer out of the 31 importers in China. In 2022 top imports of Hubei Province were Electronic integrated circuits: processors and controllers,... ($2.91B), Copper ores and concentrates ($2.35B), Machines and apparatus of a kind... ($2.18B), Iron ore, concentrate, not iron pyrites,unagglomerate ($2.06B), and Petroleum oils, oils from bituminous minerals,... ($1.66B).

Economic Complexity In 2020, the highest complexity exports of Hubei Province according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.44), Magnesium (1.08), Sound Recordings (0.69), Processed Mushrooms (0.16), and Furskin Apparel (-0.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Value
Compare to
Depth

Top Destination (2022): United States, $8.03B

Top Product (2022): Smartphones, $3.23B

In 2022 the top export destinations of Hubei Province were United States ($8.03B), Hong Kong ($5.71B), India ($3.29B), Brazil ($2.98B), and South Korea ($2.83B).

In 2022 the top exports of Hubei Province were Smartphones ($3.23B), Part Phone, recept Voice ($1.45B), Electronic integrated circuits: memories ($1.35B), Diammonium phosphate, in packs >10 kg ($1.24B), and Parts and accessories of data processing... ($1.07B).

Explore Visualizations

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Dec 2021 - Dec 2022)

Rapidly Declining Export Origins (Dec 2021 - Dec 2022)

Yearly Imports

#permalink to section
Value
Depth
Compare to

Top Origin (2022): Taiwan, $3.68B

Top Import (2022): Electronic integrated circuits: processors and controllers,..., $2.91B

In 2022 the top import origins of Hubei Province were Taiwan ($3.68B), Japan ($3.56B), South Korea ($2.47B), United States ($2.14B), and Australia ($1.61B).

In 2022 the top imports of Hubei Province were Electronic integrated circuits: processors and controllers,... ($2.91B), Copper ores and concentrates ($2.35B), Machines and apparatus of a kind... ($2.18B), Iron ore, concentrate, not iron pyrites,unagglomerate ($2.06B), and Petroleum oils, oils from bituminous minerals,... ($1.66B).

Explore Visualizations

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Dec 2021 - Dec 2022)

Rapidly Declining Import Origins (Dec 2021 - Dec 2022)

Economic Complexity

#permalink to section

Economic Complexity of Hubei Province

#permalink to section
View

Economic Complexity (2022): 0.093

Hubei Province ranks 22nd out of the 31 provinces in China according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Hubei Province already has a comparative advantage, are led by Wrenches (0.42), Cinnamon (0.41), Gum Coated Textile Fabric (0.41), Postcards (0.41), and Diazo, Azo or Aoxy Compounds (0.41).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Hubei Province according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.44), Magnesium (1.08), Sound Recordings (0.69), Processed Mushrooms (0.16), and Furskin Apparel (-0.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Processed Mushrooms (100.4), Sound Recordings (98.6), Sound Recordings (98.6), Sound Recordings (98.6), and Sound Recordings (98.6).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Hubei Province is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of  Hubei Province. These are products that tend to be co-exported with the products that Hubei Province exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.