Guangdong "the Belt and Road" Foreign Trade Transcript Released! Ten year growth of import and export volume with co built countries of 56.3%
2023-10-17
The "Transcript" of Guangdong's ten year foreign trade with the countries jointly building the "the Belt and Road" was released. According to the statistics of the Guangdong Branch of the General Administration of Customs, the scale of Guangdong's import and export to countries jointly building the "the Belt and Road" has expanded rapidly from 1.92 trillion yuan in 2013, with an average annual growth rate of 5.1% and a scale of 121.12 billion yuan. By 2022, it will break through the 3 trillion yuan mark for the first time. The value of import and export has increased to 3.01 trillion yuan, an increase of 56.3% in ten years, and has maintained positive year-on-year growth for seven consecutive years since 2016. Since the beginning of this year, the trade situation between Guangdong and the co built countries has been good. From January to August, Guangdong's import and export to countries jointly building the "the Belt and Road" totaled 1.96 trillion yuan, a year-on-year increase of 3.9%, accounting for 37.1% of the province's total import and export value in the same period. Since the proposal of the "the Belt and Road" initiative was put forward ten years ago, from the perspective of commodity structure, exports have become more balanced and import concentration has increased. In terms of exports, the top four major products in terms of scale are mobile phones, household appliances, clothing and clothing accessories, and computers and components; The export share of emerging products such as lithium-ion batteries, integrated circuits, and drones has rapidly expanded, increasing by 1.7, 0.3, and 0.2 percentage points respectively over the past decade. In terms of imports, the proportion of integrated circuits as the primary imported commodity increased from 22.4% in 2013 to 30% in 2022, and agricultural products increased from 3.9% to 9%; The demand for bulk commodities such as coal, metal ore, unwrought copper, and copper materials has increased, and the import share has increased by 0.5, 0.5, and 0.4 percentage points respectively over the past decade. From the perspective of trading partners, Guangdong's imports and exports to ASEAN countries such as Vietnam are rapidly rising. Over the past decade, imports and exports to ASEAN, the largest trading partner, increased from 634.33 billion yuan to 1.35 trillion yuan, an increase of 113%, with a proportion increase of 12 percentage points to 45%. During the same period, imports and exports to emerging economies such as the Middle East and Russia increased by 42.5% and 115.6% respectively; The import and export of South Korea, the largest single country, decreased by 6.6%, with its proportion dropping by 9.2 percentage points from 22.7% to 13.5%. From the perspective of major ports, Shekou Port, Nansha New Port and Shenzhen Bay Port will be the top three ports for Guangdong's import and export to countries jointly building the "the Belt and Road" in 2022, with an increase of 144.5%, 552.2% and 904.3% respectively in the decade, and the proportion will increase by 6.1, 8.1 and 8.5 percentage points respectively. From the perspective of transportation methods, the import and export of water, air, and railway transportation have significantly increased. In 2022, Guangdong's import and export to countries jointly building the "the Belt and Road" by waterway, aviation and railway will increase by 79.3%, 653.4% and 109.1% respectively compared with 2013, and their proportions will increase by 8, 6.9 and 0.4 percentage points respectively. During the same period, the import and export of road transportation decreased by 6.3%, accounting for a decrease of 17 percentage points. The Guangdong Branch of the General Administration of Customs said that over the past ten years, the joint construction of the "the Belt and Road" cooperation initiative has yielded fruitful results, played an important role in improving the level of trade facilitation in countries and regions along the line, and actively promoted the construction of a new development pattern with domestic big cycle and domestic and international double cycle. On the one hand, promoting domestic production and manufacturing enterprises to continuously seek factors such as capital and technology
Edit：Hu Sen Ming Responsible editor：Li Xi
Source：GD TODAY
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