Both private enterprises and foreign-invested enterprises sustained steady growth in imports and exports. Guangdong's private enterprises recorded imports and exports totaling 3.99 trillion yuan, an increase of 4.8%, accounting for 64.2% of the province's total trade.
Foreign-invested enterprises reached 1.94 trillion yuan, up 5.6%, with their share rising by 0.4 percentage points year-on-year to 31.3%. Since the beginning of the year, foreign-invested enterprises in Guangdong have maintained positive growth for seven consecutive months.
ASEAN, Hong Kong SAR, and the European Union remained Guangdong's top three trading partners in the first eight months, with trade volumes reaching 1.02 trillion yuan, 782.62 billion yuan, and 747.83 billion yuan, respectively. Meanwhile, Guangdong's trade with Belt and Road countries reached 2.41 trillion yuan, up 4.3%, accounting for 38.9% of the province's total.
In the first eight months, exports of mechanical and electrical products reached 2.69 trillion yuan, up 7.3%, representing 67.9% of Guangdong's total exports. Specifically, exports of computers and related parts stood at 288.33 billion yuan, up 11.7%; electrical apparatus at 286.24 billion yuan, up 18.3%; and integrated circuits at 236.4 billion yuan, up 30.6%.
In addition, Guangdong's electric vehicles, lithium batteries, and solar cells continued to show strong growth, totaling 126.39 billion yuan in the first eight months, up 33%. Over the same period, exports of labor-intensive products reached 494.15 billion yuan, down 9%, accounting for 12.5% of the total.
Reporter | Dai Bosi
Photo | Guangdong Sub-administration of GACC
Editor | Hu Nan, James Campion, Shen He