Economy

Guangdong's foreign trade import and export in the first quarter was 1.84 trillion yuan, making steady progress at the beginning, and the main body of the market showed resilience

2022-04-22   

In the factory of Guangdong Yinghao Craft Products Co., Ltd., the world's largest Christmas ball manufacturer in Pazhou, Guangzhou, 9 automatic production lines are fully opened. "We built our own overseas warehouses for cross-border e-commerce, and the sales increased by 100% in the first two months of this year." Huang Jun, deputy general manager of Yinghao, is busy "grabbing boxes" to ship goods every day. Last year, Guangdong, the country's largest foreign trade province, faced the challenges of the century epidemic and shrinking foreign demand and made a smooth start. According to the statistics of Guangdong Branch of customs, in the first quarter of 2022, Guangdong's foreign trade import and export reached 1.84 trillion yuan, an increase of 0.6% over the same period in 2021 (the same below). The scale has stabilized and the structure has continued to be optimized. In the first quarter, Guangdong's general trade import and export increased by 5.9%, accounting for 55.3% of Guangdong's total foreign trade, an increase of 2.8 percentage points over the same period last year. In the Guangdong pilot Free Trade Zone, new forms of foreign trade such as cross-border e-commerce and bonded business developed rapidly, driving the import and export of 102.67 billion yuan in the first quarter, accounting for 5.6% of the province's foreign trade. As the "one-off factors" such as order return subside, the steady growth of Guangdong's foreign trade faces more uncertainty, and the market players show resilience. In the first quarter, the import and export of state-owned enterprises in Guangdong increased by 11.2%, 10.6 percentage points faster than the overall growth rate of the whole province; Private enterprises increased by 0.6%, accounting for 56.7%. In terms of export products, the exports of integrated circuits, automatic data processing equipment and their parts and components, and electrical equipment increased by 16.9%, 9.1% and 6.8% respectively; The export of labor-intensive products increased by 2.5%. In terms of imports, in the first quarter, Guangdong's imported grain increased by 20.4%, crude oil increased by 68.1% and natural gas increased by 37.1%. Over the same period, the import of integrated circuits increased by 8%, accounting for 36.3% of the total import value. There are both progress and worries in stability. In terms of scale, in the first quarter, Guangdong's export was 1.14 trillion yuan, an increase of 2.2%, and its import was 691.94 billion yuan, a decrease of 2%. In terms of products, the export of mechanical and electrical products, accounting for nearly 70%, decreased slightly. "Under the influence of the epidemic, the supply chain is blocked, resulting in overall difficulties in the import of raw materials and the export of goods, but this is short-term and temporary." Wei Jianguo, vice president of the China Center for international economic exchanges and former Vice Minister of the Ministry of Commerce, believes that in the face of current difficulties, we need to strengthen our confidence in development. Guangdong's foreign trade scale has ranked first in the country for 36 consecutive years, and its structure has been continuously optimized. General trade accounts for a high proportion in the country, and new forms of foreign trade are promising. Especially after RCEP (regional comprehensive economic partnership agreement) came into force, Guangdong has the development advantage of "close proximity". In the first quarter, the import and export of Guangdong and other RCEP member countries reached 524.04 billion yuan, accounting for nearly 1 / 3 of the province's foreign trade; With the "one belt, one road", the import and export volume of the 486 billion 570 million countries increased by 4.3%. Over the same period, Guangdong's imports and exports of major trading partners, including ASEAN, the United States, the European Union and Taiwan, China increased by 0.9%, 10%, 4% and 7.2% respectively. Wei Jianguo suggested that Guangdong should seize new opportunities for RCEP development and develop "high-end manufacturing + modern services" to lay a good foundation for the next "accelerated run". (Xinhua News Agency)

Edit:Huang Huiqun Responsible editor:Huang Tianxin

Source:xinhuanet

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