Guangdong recorded first growth in trade value in November

GUANGDONG has recorded the first growth of 12.4 per cent in its foreign trade value in November since a year ago to US$60 billion, 2.6 per cent more than the national growth rate, Logistics Week reported.

Exports rose 2.4 per cent to nearly $35 billion, the highest monthly volume in 2009, while the national total decreased 1.2 per cent in the same month.

In the first 11 months, Guangdong's cumulative trade value dropped 14.3 per cent year on year to $540 billion, narrower than the national decrease of 17.5 per cent, representing 27.6 per cent of China's trade value total. Export value amounted to $310 billion. Trade surplus was $95 billion.

Guangdong exports to Hong Kong fell 18 per cent, falling 13 per cent to the US and 19 per cent to the European Union, but losses continued to narrow. Exports to these destinations accounted for 67 per cent of the provincial total. Exports to ASEAN grew 6.2 per cent.

In November, Guangdong's exports to Hong Kong first increased since the beginning of 2009, to $12 billion. Exports to ASEAN during the month rose 23 per cent to $2.7 billion. Exports to India surged 38 per cent to $590 million.
 

Source: SchedNet