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Guangdong sees rising trade volume
From:ChinaDaily  |  2021-11-16 17:04

Guangdong's foreign trade with major trade partners, including ASEAN, the United States and European Union, hit double-digit growth in the first 10 months this year, according to a statement released by Guangdong customs on Tuesday.

Guangdong's trade with the Association of Southeast Asian Nations, its biggest trade partner was nearly 1 trillion yuan ($157 billion) from January to October, up 15.6 percent year-on-year and representing 14.9 percent of the province's total.

Guangdong's trade with Hong Kong Special Administrative Region was valued at 915.14 billion yuan between January and October, up year-on-year 17.3 percent, while its trade volume with the United States grew year-on-year to 797.48 billion yuan.

The province's import and export volume with the EU and Taiwan, respectively, reached 754.28 billion yuan and 520.25 billion yuan in the previous 10 months, up year-on-year 21.5 percent and 17.4 percent.

China's Hong Kong and Taiwan, as well as the United States, European Union and ASEAN, were the top five trade partners of Guangdong this year as of October.

The sustainable foreign trade growth with major trade partners this year has helped Guangdong, China's biggest foreign trader, achieve a foreign trade volume of more than 6.71 trillion yuan in the first 10 months, up year-on-year by 18.2 percent and accounting for 21.2 percent of the country's total, the statement said.

Guangdong, a major production base for the world, sold 4.11 trillion yuan worth of products abroad since the beginning of the year, up year-on-year by 18.9 percent, while purchasing 2.6 trillion yuan worth of goods from around the world, up 17 percent year-on-year.

In October alone, Guangdong reached import and export volume of 684.36 billion yuan, up 14.3 percent year-on-year. It was the 12th consecutive month that Guangdong had achieved foreign trade growth, the statement said.

Meanwhile Guangdong's foreign trade volume from private companies logged year-on-year growth of 21.6 percent to reach 3.81 trillion yuan, accounting for 56.8 percent of the province's total in the first 10 months.

Foreign trade volume from foreign-funded companies and joint ventures also hit 2.54 trillion yuan from January to October, up year-on-year by 14.1 percent and representing 37.9 percent of the total.

The province's State-owned companies hit a foreign trade volume of 342.91 billion yuan between January and October, up year-on-year 13.1 percent and representing 5.1 percent of the province's total.

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