Under the global economy’s downward pressure, Guangdong’s imports and exports increased 7.8 percent year on year and hit 485.9 billion yuan in January 2017. The increase of trade volume shows rebounds in both domestic and overseas demands, according to Guangdong Sub-Administration of China Customs.
As shown in the graph below, the trade volume of foreign-funded enterprises narrowed its decline by 6.3 percent comparing to 2016 and reached 208.5 billion yuan in January, according for 42.9 percent of the province’s total trade volume.
The structure of Guangdong’s imports and exports is continuously being upgraded. General trades rose 6.8 percent, accounting for 48.4 percent of the total volume. New export formats were developing. Tourism shopping exports jumped 130 percent to 40.3 billion yuan in January.
Hong Kong, America, ASEAN, EU, Japan, Korea and Taiwan remained as Guangdong’s top 7 trade partners in January. Besides, the trade volume between Guangdong and countries in the BRICS as India, Basil and Russia increased rapidly.
Imports and exports in 13 cities of Guangdong increased in January, 2017.
Mechanical and electrical products remained as major trade commodities in January. Exports of high technology products increased rapidly. 8 types of labor-intensive products as textile, clothes, bags and suitcases increased their trade value to 87.2 billion yuan, up 14 percent.
