Overview This page contains the latest international trade data for Zhejiang Province. In July 2022 Zhejiang Province was the number 2 in total exports and the number 6 in total imports in China.

Exports In 2021, China's Zhejiang Province exported $519B, making it the 2nd largest exporter out of the 31 exporters in China. In 2021 the top exports of Zhejiang Province were Other toys (wheeled, model scale, puzzles) ($8.12B), Taps, cocks, valves and similar appliances,... ($6.94B), Photosensitive/photovoltaic/LED semiconductor devices ($6.58B), Electric lamps, nes ($6.5B), and Light petroleum distillates nes ($6.17B).

Imports In 2021, China's Zhejiang Province imported $175B, making it the 6th largest importer out of the 31 importers in China. In 2021 top imports of Zhejiang Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($16.6B), Petroleum oils, oils from bituminous minerals,... ($13.8B), Copper/copper alloy waste or scrap ($7.2B), Copper cathodes and sections of cathodes... ($6.5B), and P-xylene ($4.08B).

Economic Complexity In 2020, the highest complexity exports of Zhejiang Province according to the product complexity index (PCI) are Motor-working Tools (1.37), Vacuum Flask (0.79), Pile Fabric (0.21), Umbrellas (0.088), and Combs (0.039). 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, $129B

Top Product (2021): Other toys (wheeled, model scale, puzzles), $8.12B

In 2021 the top export destinations of Zhejiang Province were United States ($129B), Germany ($20B), India ($16.1B), Japan ($14.9B), and United Kingdom ($14.7B).

In 2021 the top exports of Zhejiang Province were Other toys (wheeled, model scale, puzzles) ($8.12B), Taps, cocks, valves and similar appliances,... ($6.94B), Photosensitive/photovoltaic/LED semiconductor devices ($6.58B), Electric lamps, nes ($6.5B), and Light petroleum distillates nes ($6.17B).

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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): Australia, $12.7B

Top Import (2021): Iron ore, concentrate, not iron pyrites,unagglomerate, $16.6B

In 2021 the top import origins of Zhejiang Province were Australia ($12.7B), Japan ($12.4B), South Korea ($12.4B), Taiwan ($10.7B), and United States ($10.6B).

In 2021 the top imports of Zhejiang Province were Iron ore, concentrate, not iron pyrites,unagglomerate ($16.6B), Petroleum oils, oils from bituminous minerals,... ($13.8B), Copper/copper alloy waste or scrap ($7.2B), Copper cathodes and sections of cathodes... ($6.5B), and P-xylene ($4.08B).

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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 Zhejiang Province

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Economic Complexity (2021): 0.22

Zhejiang Province ranks 8th 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 Zhejiang Province already has a comparative advantage, are led by Cast or Rolled Glass (0.49), Cinnamon (0.49), Watch Cases and Parts (0.49), Printed Circuit Boards (0.48), and Artificial Textile Machinery (0.48).

Most Complex Products by PCI

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The highest complexity exports of Zhejiang Province according to the product complexity index (PCI) are Motor-working Tools (1.37), Vacuum Flask (0.79), Pile Fabric (0.21), Umbrellas (0.088), and Combs (0.039). 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 Vacuum Flask (34.8), Railway Cargo Containers (28.8), Combs (20.9), Aluminium Housewares (20.6), and Walking Sticks (19.5).

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 Zhejiang 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  Zhejiang Province. These are products that tend to be co-exported with the products that Zhejiang 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.