Guangdong Province

Overview In February 2024 Guangdong Province exported $51.2B and imported $28.7B, resulting in a positive trade balance of $22.5B. Between February 2023 and February 2024 the exports of Guangdong Province have increased by $6.98B (15.8%) from $44.2B to $51.2B, while imports decreased by $-691M (-2.35%) from $29.4B to $28.7B.

Trade In February 2024, the top exports of Guangdong Province were Telephones ($4.09B), Commodities not elsewhere specified ($2.35B), Integrated Circuits ($2.34B), Computers ($2.3B), and Light Fixtures ($1.32B). In February 2024 the top imports of Guangdong Province were Integrated Circuits ($9.48B), Gold ($1.95B), Crude Petroleum ($922M), Computers ($890M), and Semiconductor Devices ($744M).

Destinations In February 2024, Guangdong Province exported mostly to United States ($8.17B), Hong Kong ($7.82B), India ($1.98B), Japan ($1.75B), and Vietnam ($1.6B), and imported mostly from Taiwan ($4.79B), China ($3.96B), South Korea ($2.44B), Japan ($2.09B), and Malaysia ($1.5B).

Growth In February 2024, the increase in Guangdong Province's year-by-year exports was explained primarily by an increase in exports to Singapore ($589M or 55.8%), Turkey ($153M or 32.5%), and Australia ($83.9M or 5.94%), and product exports increase in Commodities not elsewhere specified ($385M or 25.3%), Cars ($270M or 481%), and Inhalable tobacco/nicotine products ($81M or 15.9%). In February 2024, the decrease in Guangdong Province's year-by-year imports was explained primarily by an decrease in imports from China ($-5.11B or -63.1%), Taiwan ($-3.24B or -42.5%), and South Korea ($-2.36B or -52.7%), and product imports decrease in Integrated Circuits ($-6.55B or -44.6%), Gold ($-909M or -84.2%), and Computers ($-766M or -68.3%).