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Guangdong's foreign trade up 5% YoY for Jan-Jul

Aug. 16, 2012 (China Knowledge) - South China's Guangdong Province saw its import and export value increased 5% YoY to US$539.19 billion in the first seven months of this year, according to the latest statistics released by the Guangdong Customs.

The figure for the period accounted for 24.9% of the country's total foreign trade value.

From January to July, the province's import value rose 3.3% YoY to US$223.5 billion, while its export value exceeded US$315.69 billion in the period, 6.2% more than it realized in the same period of last year.
The value of exports and imports under general trade was US$107.64 billion and US$77.68 billion in the seven-month period, up 4.8% and 1% YoY, respectively, and the value of exports and imports under processing trade was US$181.9 billion and US$114.25 billion, rose 4.4% and 2.3% YoY, respectively.
In the first seven months of this year, the export value of mechanical and electronic products increased 6.2% YoY to US$209.56 billion, while the exports of high-tech products was US$115.29 billion, up 6% from a year earlier.

Meanwhile, the province's trade with Hong Kong and the U.S. grew 10.3% and 3.6% YoY to US$121.03 billion and US$59.56 billion, respectively. Its trade with the Africa and Latin America rose 58.6% and 6% YoY to US$25.7 billion and US$21.35 billion, respectively. However, Guangdong's trade with the E.U., the ASEAN member countries and the Middle East decreased 7%, 2.2% and 0.3% YoY, respectively.

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