Guangdong foreign trade maintains strong growth momentum

Foreign trade in Guangdong and the Guangdong-Hong Kong-Macao Greater Bay Area has shown robust growth through the first seven months of the year. Guangdong's total import and export volume reached 6.49 trillion yuan, a 20.5% increase compared to the same period last year, accounting for 21.6% of China's total trade.

In the Greater Bay Area, nine mainland cities recorded an import and export total of 5.3 trillion yuan in the first half of the year, up 20.9%. This region is characterized by an integrated industrial division of labor: cities like Shenzhen, Guangzhou, and Dongguan serve as core manufacturing and high-value hubs, while cities such as Foshan, Huizhou, and Zhongshan provide supporting components and specialized manufacturing.

Key drivers of this growth include the optimization of export structures, particularly in high-tech sectors. Guangdong saw significant increases in the export of integrated circuits (up 58%), electrical equipment, and new energy products like lithium batteries and electric vehicles. On the import side, demand for AI-related components has surged, with integrated circuit imports rising 48.6% and computer parts increasing 77.9%. ASEAN remains Guangdong's largest trading partner.