According to the latest data from the Guangdong branch of the General Administration of Customs, the total value of Guangdong's foreign trade in the first 10 months of this year was 6.81 trillion yuan, down 0.3% year-on-year. Of this total, exports reached 4.5 trillion yuan, up by 2.5%; Imports were 2.31 trillion yuan, down 5.4%. Among them, imports in October alone turned down to increase, reversing the situation of six consecutive months of decline. In October, Guangdong's import and export were 715.32 billion yuan, down 1.9%. Among them, the export was 458.79 billion yuan, down 8.2%; Imports reached 256.53 billion yuan, up 11.7 percent. At the same time, in the first 10 months, the import and export of general trade and bonded logistics in Guangdong increased, and the proportion increased - the import and export of general trade and bonded logistics were 3.92 trillion yuan and 1.18 trillion yuan, respectively, an increase of 4.8% and 6.7%, and the proportion of Guangdong's total import and export value increased by 2.8 and 1.1 percentage points to 57.7% and 17.3%. The import and export of processing trade was 1.6 trillion yuan, down 9.2%, accounting for 23.5%. From the main point of view, private enterprises have become the stabilizer of Guangdong's foreign trade. In the first 10 months, the import and export of private enterprises in Guangdong reached 4.12 trillion yuan, an increase of 5.4%, accounting for 60.5%, driving the growth of Guangdong's foreign trade by 3.1 percentage points in the same period. Imports and exports of foreign-invested enterprises reached 2.31 trillion yuan, down 8.1% or 33.9%; State-owned enterprises totaled 37023 billion yuan, down 6.7 percent, accounting for 5.4 percent.
Regionally, in the first 10 months of this year, among Guangdong's top 5 trading partners, imports and exports to ASEAN and the EU increased by 0.5% and 0.1% respectively; For the United States, Hong Kong, and Taiwan, it was down 3.6 percent, 0.01 percent, and 2.4 percent, respectively. Emerging markets maintained great potential, with growth of 8.8% in Latin America, 8.6% in the Middle East, 7.4% in Africa, and 1.5% in countries jointly building the Belt and Road. "It used to take 45 days for goods to travel by sea, but now they can reach Central Asia and Europe in about two weeks through the China-Europe Express. Coupled with cheap, safe and reliable rail transport, it will help us to expand the national market under the Belt and Road Initiative." Guangzhou Tuoxin storage Co., LTD. Customs responsible Liang Baozhi said. According to Chen Ying, deputy director of Suidong Customs of Huangpu Customs Office, the "comprehensive protection zone + China-Europe train" mode is a new mode of combined transport. "Enterprises can rely on the bonded logistics advantages of the Huangpu Comprehensive Bonded Zone, such as allocation and consolidation, temporary warehousing, and international transportation, and stock the export goods from overseas and outside the zone in batches to the comprehensive bonded zone, and the customs will implement account book management on them, and complete sorting, packaging, and tally in the warehouse in the zone." Once the railway schedule of the China-Europe train is determined, the goods can be shipped by 'small deposit and whole withdrawal', which is fast and efficient." From January to September this year, Guangzhou Huangpu Comprehensive Protection Zone exported nearly 800 million yuan of goods to countries jointly building the Belt and Road through the "Comprehensive Protection Zone + China-Europe Express".
