Overview In July 2022 Shandong Province exported $30.8B and imported $16.8B, resulting in a positive trade balance of $14B. Between July 2021 and July 2022 the exports of Shandong Province have increased by $7.59B (32.7%) from $23.2B to $30.8B, while imports increased by $1.71B (11.3%) from $15.1B to $16.8B.
Trade In July 2022, the top exports of Shandong Province were Rubber Tires ($1.14B), Video and Card Games ($832M), Other toys ($675M), Motor vehicles; parts and accessories (8701... ($633M), and Coated Flat-Rolled Iron ($561M). In July 2022 the top imports of Shandong Province were Crude Petroleum ($5.34B), Iron Ore ($1.27B), Integrated Circuits ($1.07B), Asphalt Mixtures ($698M), and Aluminium Ore ($462M).
Destinations In July 2022, Shandong Province exported mostly to United States ($4.44B), South Korea ($2.59B), Japan ($2.15B), Vietnam ($1.15B), and Philippines ($955M), and imported mostly from Malaysia ($3.12B), Russia ($2.15B), Brazil ($1.19B), South Korea ($1.14B), and Australia ($1.13B).
Growth In July 2022, the increase in Shandong Province's year-by-year exports was explained primarily by an increase in exports to United States ($1.28B or 65.8%), South Korea ($802M or 61.4%), and Netherlands ($239M or 74.8%), and product exports increase in Video and Card Games ($645M or 582%), Other Plastic Products ($249M or 196%), and Coated Flat-Rolled Iron ($148M or 75.8%). In July 2022, the increase in Shandong Province's year-by-year imports was explained primarily by an increase in imports from United States ($534M or 131%), Malaysia ($304M or 45.4%), and Japan ($232M or 92.1%), and product imports increase in Iron Ore ($982M or 151%), Integrated Circuits ($345M or 92.3%), and Copper Ore ($254M or 98.3%).