(Photo: Wu Baojia)
In October alone, the trade surged 10.2% to 113.61 billion RMB, with exports rising 4.7% to 70.97 billion RMB and imports jumping 20.9% to 42.64 billion RMB. This performance significantly outpaced Guangdong's overall growth of 6.6%.
Processing trade as a cornerstone
As a pioneer of processing trade, Dongguan remains at the forefront of this sector. From January to October, processing trade contributed 316.03 billion RMB, growing 6.6% and accounting for 28.1% of its total foreign trade. This sector alone boosted the overall trade growth by 1.8 percentage points, solidifying its role as a cornerstone of high-quality development.
Private enterprises drive resilience
Private businesses in Dongguan play a vital role, fueling trade growth with remarkable momentum. In the first ten months of 2024, private enterprises achieved a foreign trade volume of 664.29 billion RMB, a robust 9.5% increase, contributing 59% of the city's total trade. In October alone, their trade value grew by 10.8%.
Semiconductor sector as a new growth engine
The integrated circuit sector has emerged as a key driver of Dongguan's high-tech development. The city recorded a total integrated circuit import and export value of 299.88 billion RMB, up 16.9% year-on-year, making up 26.6% of the total foreign trade. Notably, imports reached 225.92 billion RMB, accounting for over half of the city's total imports. Exports of integrated circuits also showed strong momentum, growing 8% to 73.96 billion RMB.
