Overview In July 2022 Beijing exported $7.09B and imported $38.5B, resulting in a negative trade balance of $31.4B. Between July 2021 and July 2022 the exports of Beijing have decreased by $-1.73B (-19.6%) from $8.82B to $7.09B, while imports increased by $6.76B (21.3%) from $31.7B to $38.5B.
Trade In July 2022, the top exports of Beijing were Refined Petroleum ($1.88B), Telephones ($790M), Integrated Circuits ($351M), Motor vehicles; parts and accessories (8701... ($174M), and Coke ($121M). In July 2022 the top imports of Beijing were Crude Petroleum ($16.6B), Gold ($4.66B), Petroleum Gas ($2.79B), Cars ($1.9B), and Iron Ore ($1.24B).
Destinations In July 2022, Beijing exported mostly to Hong Kong ($867M), Singapore ($747M), United States ($437M), Russia ($274M), and Japan ($260M), and imported mostly from Saudi Arabia ($3.59B), United States ($2.5B), Australia ($2.34B), Switzerland ($2.2B), and Germany ($2.17B).
Growth In July 2022, the decrease in Beijing's year-by-year exports was explained primarily by an decrease in exports to Singapore ($-196M or -29.6%), Pakistan ($-135M or -57.7%), and South Korea ($-122M or -41.9%), and product exports decrease in Refined Petroleum ($-471M or -25.4%), Electrical Transformers ($-131M or -78.5%), and Insulated Wire ($-56.1M or -68%). In July 2022, the increase in Beijing's year-by-year imports was explained primarily by an increase in imports from United States ($2.1B or 119%), Germany ($1.08B or 63.3%), and Japan ($531M or 68.4%), and product imports increase in Cars ($1.08B or 55.5%), Iron Ore ($541M or 41.2%), and Corn ($498M or 822%).