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Guangxi's foreign trade down 13.2% in Aug

Sep. 14, 2012 (China Knowledge) - Guangxi Province saw its export and import value decreased 13.2% YoY to US$1.98 billion in August, according to the latest statistics released by the Nanning Customs.

Last month, the province's export value declined 22% YoY to US$1 billion, while its import value edged down 1.9% YoY to US$980 million.

In the first eight months, the city saw its import and export value hit US$17.01 billion, reflecting a YoY increase of 15.9%. The value of exports and imports under general trade grew 14.4% YoY to US$9.33 billion, while those under processing trade was US$3.17 billion, up 65.8% YoY.

Private enterprises generated US$7.04 billion in foreign trade value for the first eight months of this year, which accounted for 41.4% of the province's total.

From January to August, the city's export of mechanical and electrical products rose 4.9% YoY to US$3.34 billion, while the export of high-tech products reached US$900 million, up 34% from a year earlier.

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