BUSINESS Guangdong's foreign trade rebounds 10.9% in July


Guangdong's foreign trade rebounds 10.9% in July


16:58, August 19, 2020

GUANGZHOU - Foreign trade in South China's Guangdong province jumped by 10.9 percent year-on-year to 673.74 billion yuan ($97.3 billion) in July, customs statistics showed. 

Dongguan in South China's Guangdong province is a busy port on the Pearl River. [Photo provided to]

Among the trade, exports totaled 441.82 billion yuan, up by 17 percent year-on-year. Imports totaled 231.92 billion yuan, up by 0.8 percent, according to the Guangdong customs. In the first seven months, total foreign trade in Guangdong amounted to 3.73 trillion yuan, narrowing a decline in the first half of the year by 2.8 percentage points, customs statistics showed.

In July, Guangdong's general trade achieved double-digit growth to reach 360.32 billion yuan, which accounted for 53.5 percent of Guangdong's total foreign trade, up by 5.7 percentage points year-on-year.

Trade volume contributed by private companies soared by 19.9 percent year-on-year to 377 billion yuan in July, accounting for 56 percent of Guangdong's total. In July, Guangdong's total import and export volume to its major trading partners of ASEAN countries and the United States achieved double-digit growth.

Among the exports, textile products including face masks, pharmaceuticals, medical devices, and materials for epidemic prevention increased by 2.4 times, 53.9 percent, and 94.7 percent respectively.

Guangdong's imports of agricultural products increased by 20.1 percent in July, of which the imports of meat, grain, dairy, and other key consumer goods for people's livelihood increased significantly.

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