Guangdong's annual foreign trade growth went beyond the government's 7.5-percent target set for 2012. The exports and imports volume totaled 983.8 billion USD in 2012, up 7.7 percent year on year, 1.5 percent higher than the country’s growth rate and accounted for 25.4 percent of the country’s total.
The exports rose 7.9 percent to 574.14 billion USD, accounted for 28 percent of the country’s total, while imports climbed 7.4 percent year on year to 409.8 billion USD, accounted for 22.5 percent of the country’s total. The foreign trade surplus was 164.46 billion UAD last year, according to Guangdong customs
In December, 2012, the monthly trade volume showed a record high with Guangdong’s exports and imports volume totaled 100.3 billion USD, 21.1 percent higher than the same period of the previous year. The value of exports gained 21.4 percent year on year and reached 60.24 billion USD. The value of imports rose 20.7 percent to 40.07 billion USD.
Customs data shows the province’s processing trade and general trade grew 4.4 percent and 2.5 percent year on year respectively in 2012. The exports of mechanical and electrical products rose 9.3 percent year on year to 389.46 billion USD, accounted for 67.8 percent of the province’s total exports, according to the customs.
Trade with Hong Kong and United States was 227.79 billion USD and 109.3 billion USD, up 17.9 percent and 4.7 percent respectively year on year. Trade with Europe declined 7 percent year on year in 2012.
Trade with Japan shrank 1.6 percent from one year earlier, while trade with Taiwan, Korea and Africa expanded 12 percent 21.2 percent and 37.7 percent respectively.