Private enterprises achieved double-digit growth

Private companies posted double-digit growth, while state-owned enterprises edged down. In January 2019, the import and export of private enterprises in guangdong reached 318.46 billion yuan, up 14.4 percent year-on-year, accounting for 50.5 percent of guangdong’s foreign trade. In the same period, the import and export of foreign-invested enterprises reached 270.9 billion yuan, while the import and export of state-owned enterprises reached 39.45 billion yuan.

Exports of mechanical and electrical products and labor-intensive products grew rapidly. In January 2019, guangdong province exported 262.88 billion yuan of mechanical and electrical products, up 13.8 percent year-on-year, accounting for 67.6 percent of the total value of guangdong’s exports. Exports of labor-intensive products reached 71.69 billion yuan, up 13.5 percent year-on-year, accounting for 18.4 percent of guangdong’s exports. In addition, the import of consumer goods reached 22.75 billion yuan, a year-on-year increase of 36.1%, of which the import of cosmetics reached 1.1 billion yuan, a year-on-year increase of 1.8 times, and the import of aquatic products reached 1.46 billion yuan, a year-on-year increase of 80%.

Customs, said in January 2019, the guangdong foreign trade import and export for import and export scale in November and December, the overall stable, obtains the good start, compared to the expected influenced by factors during the Spring Festival, March 2, import and export of guangdong province may appear relatively large fluctuations, but in the first quarter of the overall import and export will continue to maintain steady growth in guangdong province.

Post time: Jan-03-2019