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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
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Home›Greater Bay›Guangdong Trade hits record high in 2023
Brief

Guangdong Trade hits record high in 2023

By -
Thursday, January 18, 2024
119
0

Guangdong’s import and export volume hit a record RMB8.3 trillion in 2023, a 0.3% increase from the previous year, comprising 19.9% of China’s total foreign trade. Growth was noted in trades with Belt and Road countries (1% increase to RMB3.04 trillion) and with Latin America and Africa (7.5% and 3.9% increases, respectively). Exports in mechanical, electrical products, and agricultural produce rose by 0.9% and 13.3%. Top exports included electric vehicles, lithium batteries, and solar cells, with a combined 33.7% increase. The province saw a record 130,000 foreign trade enterprises, 80% being private, contributing RMB5.04 trillion. GBA’s foreign trade reached RMB7.95 trillion, 19% of the national total.

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