Guangdong's foreign trade import and export in the first 10 months was 9.8 trillion yuan, exceeding the whole of last year

China News Service, Guangzhou, November 13 (Xu Qingqing, Chen Lin) Data released by the Guangdong Branch of the General Administration of Customs on the 13th showed that in the first 10 months of this year, Guangdong's foreign trade import and export reached 9.8 trillion yuan (RMB, the same below), exceeding the scale of last year, with a year-on-year increase of 25.7%. Among them, exports were 5.73 trillion yuan, an increase of 15.1%; imports were 4.07 trillion yuan, an increase of 44.6%; the trade surplus was 1.66 trillion yuan, narrowing by 23.2%.

Looking at October alone, Guangdong’s import and export reached 1.08 trillion yuan, an increase of 37.3%. This is the fifth consecutive month that Guangdong has exceeded one trillion yuan after breaking through the trillion yuan mark for the first time in history in June.

In the first 10 months, ASEAN, Hong Kong, China, and the European Union were Guangdong's top three trading partners; among them, imports and exports to ASEAN and Hong Kong, China, exceeded one trillion yuan, an increase of 23.1% and 47.7%, and imports and exports to the EU were 985.33 billion yuan, an increase of 5.3%. In addition, imports and exports to other APEC economies were 6.47 trillion yuan, an increase of 27.8%; imports and exports to countries jointly building the "Belt and Road" were 3.59 trillion yuan, an increase of 19.6%.

On November 13, data released by the Guangdong Branch of the General Administration of Customs showed that in the first 10 months of this year, Guangdong’s foreign trade import and export volume was 9.8 trillion yuan, exceeding the scale of the whole of last year. The picture shows that on October 31, the third phase of the 140th China Import and Export Fair (Canton Fair) opened in Guangzhou to welcome guests. A booth of educational toys attracted overseas buyers. Photo by China News Service reporter Chen Chuhong

In terms of trade entities, in the first 10 months, the import and export of Guangdong's private enterprises was 6.66 trillion yuan, an increase of 34.3%, firmly ranking as the largest trading entity; the import and export of foreign-invested enterprises was 2.85 trillion yuan, an increase of 14.5%.

In terms of export products, in the first 10 months, Guangdong's exports of mechanical and electrical products were 4.06 trillion yuan, an increase of 19.2%, accounting for 70.9% of the total export value. Computers and their parts, integrated circuits, and electrical equipment grew rapidly. The exports of drones, 3D printers, and digital cameras accounted for more than 70% of similar products nationwide. The export of traditional products such as labor products, home appliances, and mobile phones picked up, with increases of 10.2%, 7.5%, and 15.1% respectively.

In terms of imports, imports of AI-related products such as integrated circuits and computer parts have increased significantly. Among them, imports of integrated circuits and computer parts increased by 53.2% and 135.2% respectively, and imports of unwrought copper and copper materials, metal ores and ores grew rapidly. In addition, imported beef, edible vegetable oil and other consumer goods also grew rapidly, with increases of 23.9% and 113.7% respectively. (over)