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Guangdong's foreign trade up 4.3% in Q1

Apr. 23, 2012 (China Knowledge) - South China's Guangdong Province, the country's top export region, saw its export and import value climb 4.3% year on year to US$209.98 billion in the first quarter of this year, according to the latest statistics released by the Guangdong Customs.

The province's foreign trade accounted for 24.4% of the country's total. The export value grew 5.4% year on year to US$121.28 billion in the first three months, accounting for 28.2% of the country's total exports, and the import value rose 2.8% to US$88.7 billion, accounting for 20.7% of the country's total.

Guangdong saw a trade surplus of US$32.58 billion in the first quarter.

The value of exports and imports under processing trade were US$41.47 billion and US$31.6 billion in the first three months, up 7.8% and 2.9% year on year, respectively. The province's general trade increased 5.6% year on year to US$73.07 billion.

Guangdong's trade with Africa and South Korea experienced robust growth of 53.4% and 35.3% year on year, reaching US$8.96 billion and US$11.4 billion, respectively, and its trade with Hong Kong and the U.S. saw mild growth of 4.6% and 3.1%, hitting US$43.99 billion and US$23.43 billion, respectively.

However, the province's trade with the E.U., Japan and Taiwan dropped 1.3%, 2.9% and 6.3% year on year to US$22.15 billion, US$16.96 billion and US$11.34 billion.

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