Overview In July 2022 Hubei Province exported $6.29B and imported $2.52B, resulting in a positive trade balance of $3.77B. Between July 2021 and July 2022 the exports of Hubei Province have increased by $1.85B (41.7%) from $4.44B to $6.29B, while imports increased by $378M (17.6%) from $2.14B to $2.52B.
Trade In July 2022, the top exports of Hubei Province were Telephones ($348M), Mixed Mineral or Chemical Fertilizers ($325M), Computers ($201M), Integrated Circuits ($187M), and Party Decorations ($146M). In July 2022 the top imports of Hubei Province were Integrated Circuits ($451M), Machines and apparatus of a kind... ($448M), Copper Ore ($146M), Iron Ore ($116M), and Platinum ($109M).
Destinations In July 2022, Hubei Province exported mostly to United States ($874M), Hong Kong ($423M), India ($362M), Brazil ($319M), and South Korea ($269M), and imported mostly from Japan ($318M), Taiwan ($300M), United States ($252M), South Korea ($232M), and China ($139M).
Growth In July 2022, 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 July 2022, 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%).