The latest release from the Guangdong Branch of Customs shows that the total import and export value of Guangdong's foreign trade in the first 11 months of this year was 7.52 trillion yuan, a year-on-year decrease of 0.3%. Among them, exports reached 4.94 trillion yuan, an increase of 2%; Imports amounted to 2.58 trillion yuan, a decrease of 4.4%. It is worth noting that in November alone, imports and exports decreased to an increase - Guangdong's imports and exports reached 722.63 billion yuan, an increase of 0.9%, reversing the trend of two consecutive months of decline. Among them, exports amounted to 45.3.66 billion yuan, a decrease of 1.7%; Imports reached 268.97 billion yuan, an increase of 5.6%, and have maintained positive growth for two consecutive months. In terms of classification, in the first 11 months, the import and export of general trade and bonded logistics in Guangdong increased, with an increase in proportion - the import and export volume was 4.32 trillion yuan and 1.32 trillion yuan, respectively, an increase of 4.4% and 8.1%, and the proportion of Guangdong's total import and export value increased by 2.6 and 1.4 percentage points to 57.4% and 17.5%. The import and export of processing trade amounted to 1.77 trillion yuan, a decrease of 9.6%, accounting for 23.6%. The import and export of private enterprises have maintained growth. In the first 11 months, the import and export of private enterprises in Guangdong reached 4.55 trillion yuan, an increase of 5.3%, accounting for 60.5%; The import and export of foreign-invested enterprises reached 2.55 trillion yuan, a decrease of 8.1%, accounting for 33.9%; State owned enterprises amounted to 410.25 billion yuan, a decrease of 5.6%, accounting for 5.5%. From a regional perspective, emerging markets have become an important driving force for growth. In the first 11 months, Guangdong's top five trading partners were ASEAN, Hong Kong, the United States, the European Union and Taiwan, China, with a slight decrease of 0.9%, 0.01%, 2.6%, 0.4% and 0.6% respectively. During the same period, emerging markets maintained a good growth momentum, with growth of 7.4% in Latin America, 7.8% in the Middle East, and 4.6% in Africa. In addition, the number of countries jointly building the "the Belt and Road" increased by 0.4%. The export of mechanical and electrical products has maintained growth, with "new three types", integrated circuits, and ships growing rapidly. In the first 11 months, Guangdong's exports of mechanical and electrical products increased by 0.8%, accounting for 65.5% of Guangdong's total export value. Among them, automatic data processing equipment and its components, electrical equipment, and household appliances with high export value increased by 0.6%, 1.9%, and 6.9%, respectively; The new three types of electric passenger vehicles, lithium batteries, and solar cells have increased by 3.1 times, 18.1%, and 27.5% respectively; Integrated circuits and ships saw growth of 24.4% and 47%, respectively. In terms of imports, agricultural products and bulk commodities such as metal ore, coal, and crude oil have maintained growth. In the first 11 months, Guangdong's imported agricultural products amounted to 202.56 billion yuan, an increase of 4.8%. Among them, meat increased by 1.7%, aquatic products increased by 6.3%, and dried and fresh fruits and nuts increased by 4.5%. During the same period, imported metal ore, coal, and crude oil were 54.37 billion yuan, 37.63 billion yuan, and 38.35 billion yuan, respectively, an increase of 21.9%, 27.3%, and 28.1%. In addition, imported semiconductor manufacturing equipment amounted to 31.1 billion yuan, an increase of 50.3%. (Lai Xin She)