According to statistics from the Guangdong Branch of the General Administration of Customs, from January to August this year, Guangdong's foreign trade import and export reached 5.27 trillion yuan, an increase of 0.6%. Among them, exports were 3.34 trillion yuan, an increase of 4.9%; imports were 1.93 trillion yuan, a decrease of 6.1%.

General trade grew rapidly. From January to August, Guangdong's general trade import and export was 2.87 trillion yuan, an increase of 4.1%, 3.5 percentage points faster than Guangdong's overall import and export, accounting for 54.4% of Guangdong's total import and export value; processing trade decreased by 1.4%, accounting for 25.9%; bonded Logistics increased by 3.1%, accounting for 16.2%.

Private enterprises accounted for more than half. From January to August, the import and export of Guangdong state-owned enterprises increased by 16%, accounting for 6%; private enterprises decreased by 0.7%, accounting for 56.2%; foreign-invested enterprises increased by 0.6%, accounting for 37.6%.

Guangdong's imports and exports to Europe and the United States achieved double-digit growth. From January to August, Guangdong’s imports and exports to ASEAN amounted to 830.28 billion yuan, an increase of 3.8%; imports and exports to the United States, the European Union and Taiwan, China increased by 12.5%, 10% and 2.9% respectively; and that to Hong Kong, China decreased by 12.9%.

In terms of exports, from January to August, Guangdong's exports of electric passenger vehicles increased by 1.8 times, and lithium-ion batteries increased by 51.3%. In addition, exports of other major mechanical and electrical products have achieved growth, such as electrical equipment up 20.1%, automatic data processing equipment and its components up 13.6%, and mobile phones up 1.5%. In the same period, Guangdong's export of labor-intensive products increased by 3.3%, among which, shoes, boots, bags and toys increased by 19.4%, 17.8% and 14.2% respectively.

In terms of imports, imports of important living and production goods such as agricultural products, crude oil, and semiconductor manufacturing equipment increased. From January to August, Guangdong's imported agricultural products increased by 11%, among which, the import volume of grain and aquatic products increased by 9.3% and 16.1% respectively; the imported crude oil volume increased by 25.4%. During the same period, imported semiconductor manufacturing equipment was 12.79 billion yuan, an increase of 33.6%, and automatic data processing equipment and its components increased by 1.8%.

Source: Southern News Network