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Guangdong tops rankings in 2011 foreign trade

Jan. 13, 2012 (China Knowledge) - Guangdong Province in South China continued to top foreign trade rankings among all provincial-level regions in China last year, according to the latest statistics released by the General Administration of Customs.

Guangdong saw its foreign trade value reach US$913.48 billion last year, 16.4% more than that in 2010.

East China's Jiangsu Province and Shanghai came in second and third with foreign trade value of US$539.76 billion and US$437.31 billion in 2011, reflecting a year-on-year growth of 15.9% and 18.5%, respectively.

Beijing was ranked fourth, seeing its export and import value jump 29.1% year on year to US$389.49 billion.

In addition, Zhejiang Province, Shandong Province and Fujian Province recorded foreign trade value of US$309.4 billion, US$235.99 billion and US$143.56 billion, up 22%, 24.8% and 32% year on year, respectively.

The total export and import value of the seven provinces and municipalities accounted for more than 80% of the country's total.

In terms of export value, Guangdong was also the largest exporter in the country, with the figure standing at US$531.94 billion, up 17.4% year on year, followed by US$312.62 billion of Jiangsu Province, US$216.36 billion of Zhejiang Province, US$209.69 billion of Shanghai and US$125.79 billion of Shandong Province.

The central and western regions of China experienced higher export growth than the national average last year. There was a 160% surge in the exports of Chongqing, 82.7% surge in Henan Province, 55.5% surge in Guizhou Province and 63.1% surge in the exports of Jiangxi Province.

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