Shandong Province

Overview In September 2024 Shandong Province exported $24.3B and imported $15.7B, resulting in a positive trade balance of $8.57B. Between September 2023 and September 2024 the exports of Shandong Province have increased by $2.01B (9.03%) from $22.3B to $24.3B, while imports decreased by $-936M (-5.62%) from $16.6B to $15.7B.

Trade In September 2024, the top exports of Shandong Province were Rubber Tires ($1.05B), Video and Card Games ($937M), Other toys ($599M), Motor vehicles; parts and accessories (8701... ($487M), and Passenger and Cargo Ships ($458M). In September 2024 the top imports of Shandong Province were Crude Petroleum ($4.02B), Integrated Circuits ($1.32B), Iron Ore ($1.03B), Copper Ore ($723M), and Soybeans ($705M).

Destinations In September 2024, Shandong Province exported mostly to United States ($3.48B), South Korea ($2.06B), Japan ($1.91B), Russia ($882M), and Hong Kong ($842M), and imported mostly from Malaysia ($2.9B), Russia ($1.76B), Brazil ($1.59B), South Korea ($1.31B), and Australia ($918M).

Growth In September 2024, the increase in Shandong Province's year-by-year exports was explained primarily by an increase in exports to United States ($432M or 14.2%), Singapore ($358M or 98.8%), and Hong Kong ($150M or 21.7%), and product exports increase in Passenger and Cargo Ships ($399M or 666%), Other toys ($349M or 140%), and Railway Cargo Containers ($211M or 144%). In September 2024, the decrease in Shandong Province's year-by-year imports was explained primarily by an decrease in imports from Malaysia ($-988M or -25.4%), Japan ($-212M or -34.4%), and Chinese Taipei ($-193M or -28.3%), and product imports decrease in Refined Petroleum ($-345M or -46.2%), Crude Petroleum ($-339M or -7.79%), and Iron Ore ($-265M or -20.5%).