Overview In July 2022 Jiangsu Province exported $50.6B and imported $26B, resulting in a positive trade balance of $24.6B. Between July 2021 and July 2022 the exports of Jiangsu Province have increased by $9.9B (24.3%) from $40.7B to $50.6B, while imports increased by $802M (3.18%) from $25.2B to $26B.
Trade In July 2022, the top exports of Jiangsu Province were Telephones ($3.4B), Integrated Circuits ($3.23B), Computers ($3.03B), Semiconductor Devices ($1.82B), and Electric Batteries ($1.13B). In July 2022 the top imports of Jiangsu Province were Integrated Circuits ($6.24B), Soybeans ($1.64B), Iron Ore ($1.17B), Petroleum Gas ($647M), and Semiconductor Devices ($543M).
Destinations In July 2022, Jiangsu Province exported mostly to United States ($8.74B), South Korea ($3.21B), Japan ($3.14B), Netherlands ($2.41B), and Hong Kong ($2.2B), and imported mostly from South Korea ($4.41B), Taiwan ($3.6B), Japan ($2.64B), Brazil ($1.88B), and United States ($1.42B).
Growth In July 2022, the increase in Jiangsu Province's year-by-year exports was explained primarily by an increase in exports to United States ($828M or 13.2%), Japan ($516M or 21.6%), and Taiwan ($470M or 47%), and product exports increase in Integrated Circuits ($1.49B or 135%), Computers ($970M or 43.9%), and Video and Card Games ($287M or 420%). In July 2022, the increase in Jiangsu Province's year-by-year imports was explained primarily by an increase in imports from South Korea ($920M or 31.5%), Taiwan ($836M or 35.1%), and Japan ($759M or 41.8%), and product imports increase in Integrated Circuits ($1.3B or 34.4%), Iron Ore ($348M or 39.7%), and Semiconductor Devices ($213M or 72.7%).