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Guangdong's foreign trade up 6.9% in Jan-Oct

Nov. 16, 2012 (China Knowledge) - South China's Guangdong Province saw its import and export value increase  6.9% YoY to US$798.45 billion in the first ten months of this year, according to the latest statistics released by the Guangdong Customs.

The figure for the period accounted for 25.3% of the country's total foreign trade value.

From January to October, the province's import value rose 6% YoY to US$332.08 billion, while its export value exceeded US$466.37 billion in the period, 7.5% more than it realized in the same period of last year.
The value of foreign trade under general trade was US$269.96 billion in the ten-month period, up 3.3% YoY, and the value of import and export under processing trade was US$433.75 billion, rose 4.5% YoY.
In the first ten months of this year, the export value of mechanical and electronic products increased 8% YoY to US$312.86 billion, accounted for 67.1% of the total export value.

Meanwhile, the province's trade with Hong Kong and the U.S. grew 14.6% and 5.7% YoY, respectively, while its trade with the Africa and Latin America rose 47.6% and 4.4% YoY, respectively.

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