Overview This page contains the latest international trade data for Hubei Province. In July 2022 Hubei Province was the number 15 in total exports and the number 17 in total imports in China.

Exports In 2021, China's Hubei Province exported $54.3B, making it the 15th largest exporter out of the 31 exporters in China. In 2021 the top exports of Hubei Province were Telephones for cellular networks or for... ($4.03B), Telephone sets and other apparatus for... ($1.83B), Electronic integrated circuits: memories ($1.24B), Automatic data processing machines: portable, weighing... ($1.13B), and Other toys (wheeled, model scale, puzzles) ($1.12B).

Imports In 2021, China's Hubei Province imported $28.7B, making it the 17th largest importer out of the 31 importers in China. In 2021 top imports of Hubei Province were Machines and apparatus of a kind... ($2.88B), Electronic integrated circuits: processors and controllers,... ($2.59B), Copper ores and concentrates ($1.81B), Iron ore, concentrate, not iron pyrites,unagglomerate ($1.68B), and Electronic integrated circuits: memories ($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), Processed Mushrooms (0.16), Phosphinates and Phosphonates (0.15), Artificial Vegetation (-0.067), and Inorganic Salts (-0.31). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): United States, $8.78B

Top Product (2021): Telephones for cellular networks or for..., $4.03B

In 2021 the top export destinations of Hubei Province were United States ($8.78B), Hong Kong ($6.04B), Brazil ($2.28B), India ($2.26B), and South Korea ($2.06B).

In 2021 the top exports of Hubei Province were Telephones for cellular networks or for... ($4.03B), Telephone sets and other apparatus for... ($1.83B), Electronic integrated circuits: memories ($1.24B), Automatic data processing machines: portable, weighing... ($1.13B), and Other toys (wheeled, model scale, puzzles) ($1.12B).

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Exports Dynamics

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Fastest Growing Exports Destination (Jul 2021 - Jul 2022)

Rapidly Declining Export Origins (Jul 2021 - Jul 2022)

Yearly Imports

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Top Origin (2021): Japan, $4.43B

Top Import (2021): Machines and apparatus of a kind..., $2.88B

In 2021 the top import origins of Hubei Province were Japan ($4.43B), Taiwan ($3.65B), South Korea ($2.55B), United States ($2.39B), and China ($1.85B).

In 2021 the top imports of Hubei Province were Machines and apparatus of a kind... ($2.88B), Electronic integrated circuits: processors and controllers,... ($2.59B), Copper ores and concentrates ($1.81B), Iron ore, concentrate, not iron pyrites,unagglomerate ($1.68B), and Electronic integrated circuits: memories ($1.66B).

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Imports Dynamics

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Fastest Growing Import Origins (Jul 2021 - Jul 2022)

Rapidly Declining Import Origins (Jul 2021 - Jul 2022)

Economic Complexity

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Economic Complexity of Hubei Province

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Economic Complexity (2021): 0.13

Hubei Province ranks 15th 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.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Hubei Province already has a comparative advantage, are led by Travel Kits (0.37), Postcards (0.36), Cinnamon (0.36), Gum Coated Textile Fabric (0.36), and Wrenches (0.36).

Most Complex Products by PCI

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The highest complexity exports of Hubei Province according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.44), Processed Mushrooms (0.16), Phosphinates and Phosphonates (0.15), Artificial Vegetation (-0.067), and Inorganic Salts (-0.31). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Furskin Apparel (63.8), Processed Mushrooms (57.6), Dried Vegetables (47.0), Other Organo-Inorganic Compounds (29.4), and Inorganic Salts (29.0).

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

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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

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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.