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Guangdong's foreign trade hits US$288.4 bln in Jan-Apr

May. 21, 2012 (China Knowledge) - Guangdong Province in South China saw its import and export value rise 3.3% YoY to US$288.4 billion in the first four months of this year, accounting for 24.7% of the country's total foreign trade, according to the latest statistics released by the Guangdong Customs, sources reported.

The growth rate was 2.7 percentage points lower than the national average.

During the period from January to April, the province's export value climbed 5.5% YoY to US$168.6 billion, and its import value grew 0.3% YoY to US$119.8 billion.

The province recorded a trade surplus of US$48.8 billion in the first four months.

The province's general trade rose 3.4% YoY to US$99.61 billion in the period, accounting for only 34.5% of the province's total.

Guangdong saw a 3.3% increase in trade with the U.S. in the period, but saw declines in trade with the E.U., the ASEAN member countries, Japan and Taiwan. Trade with South Korea surged 27.5% YoY to US$18.88 billion, and trade with Africa soared 62.2%.

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