Guangdong’s foreign trade sees modest rise

Foreign trade in south China’s Guangdong Province recorded a total of 2.71 trillion yuan (about MOP3.17 trillion or USD 393 billion) in the first five months of the year, up 1.4% year-on-year, customs authorities said. The modest rise comes amid a slowing of the Chinese economy, attributed in part to China-U.S. trade tensions.

The foreign trade volume of Guangdong from January to May accounted for 22.4% of the total foreign trade volume of the country, according to the Guangdong branch of the General Administration of Customs.

Guangdong’s trade with ASEAN countries reached 360.58 billion yuan, an increase of 3% year-on- year. Meanwhile Guangdong’s trade with the EU saw a significant increase of 15.7% in the first five months.

Guangdong is a leading foreign trade player in the country, with its imports and exports topping 7.16 trillion yuan in 2018, a historic high ranking first in the country for the 33rd year in a row.

Excluding Hong Kong and Macau, the population of the Greater Bay Area accounts for about 60% of that of Guangdong Province. DB

Categories Greater Bay