The growth rate of Guangdong's mechanical and electrical products continued to decline

According to the statistics released by the Guangdong Branch of the Customs, the total import and export value of Guangdong Province from January to May 2011 was 356.62 billion U.S. dollars, an increase of 27.7% over the same period of last year, which was slightly higher than the national growth rate of 27.4%, accounting for the total national import and export value. 25.4%. Among them, the export volume was 204.39 billion U.S. dollars, an increase of 29.5%; the import volume was 152.23 billion U.S. dollars, up 25.3%; the foreign trade surplus of Guangdong Province in the first five months was 52.16 billion U.S. dollars. It is worth noting that the growth rate of electromechanical products, which account for the largest share of the total export value of Guangdong Province, has continued to decline since March.

Data show that from January to May, the total value of Guangdong’s foreign trade was still the highest among all provinces and cities in the country. Among the top 6 provinces and cities in China's import and export, the import and export growth of Guangdong province ranked the 3rd among 6 provinces and cities from January to May; the increase in export and the increase in imports maintained the 2nd and 4th respectively. In May alone, Guangdong’s foreign trade exports grew by 18.9%, while imports increased by 23.6%. The increase in imports for the first time this year was higher than the increase in exports for the first time in the year.

According to statistics, from January to May, the import and export of processing trade in Guangdong Province was US$1.2 billion, up by 28.6%, accounting for 56.1% of the total import and export value of Guangdong Province. Imports and exports of general trade totaled 123.93 billion U.S. dollars, an increase of 25.7%.

According to statistics, apart from trade with Hong Kong, Guangdong’s growth rate against other five major trading partners is lower than the overall growth rate, and the import and export of emerging markets has grown rapidly. From January to May, in Guangdong and the top six trading partners, except for Hong Kong’s import and export growth rate as high as 43.5%, the growth rate of ASEAN was lower than the overall growth rate of Guangdong by 6.7 percentage points, to the United States, the European Union, Japan and China Taiwan. The growth rates of the other four major trading partners were all lower than the overall growth rate of Guangdong by more than 10 percentage points. In the same period, Guangdong’s total value of imports and exports to emerging markets such as Latin America, the Middle East, and Africa were US$16.53 billion, US$14.51 billion, and US$10.9 billion, respectively, a significant increase of 36.9%, 44.1%, and 76.3%, respectively.

In terms of export products, from May to May, the export of mechanical and electrical products in Guangdong Province was US$137.89 billion, an increase of 25.6%, accounting for 67.5% of the total value of Guangdong's foreign trade exports, and the export of high-tech products (intersection with mechanical and electrical products, the same below) was US$74.92 billion. , an increase of 24.6%. It is worth noting that since March, the export growth rate of mechanical and electrical products and hi-tech products in Guangdong Province has continued to decline. In May alone, Guangdong's exports of mechanical and electrical products and hi-tech products continued to fall sharply, by 12.9% and 11.7% respectively. The month dropped by 10.8 and 9.8 percentage points.