Overview: In January 2021 Guangdong Province exported $67.5B and imported $37.7B, resulting in a positive trade balance of $29.8B. Between January 2020 and January 2021 the exports of Guangdong Province have increased by $27.4B (68.2%) from $40.1B to $67.5B, while imports increased by $12.3B (48.5%) from $25.4B to $37.7B.
Trade: In January 2021, the top exports of Guangdong Province were Telephones ($8.21B), Computers ($2.78B), Light Fixtures ($2.24B), Integrated Circuits ($2.12B), and Electrical Transformers ($1.59B). In January 2021 the top imports of Guangdong Province were Integrated Circuits ($11.8B), Telephones ($2.66B), Semiconductor Devices ($1.4B), Pitted Fruits ($783M), and LCDs ($778M).
Destinations: In January 2021, Guangdong Province exported mostly to Hong Kong ($14.6B), United States ($10.9B), Japan ($2.41B), Vietnam ($2.21B), and Germany ($2.1B), and imported mostly from China ($6.98B), Taiwan ($6.4B), Japan ($3.59B), South Korea ($3.55B), and Vietnam ($2.48B).
Growth: In January 2021, the increase in Guangdong Province's year-by-year exports was explained primarily by an increase in exports to United States ($3.65B or 50.2%), Vietnam ($913M or 70.7%), and Germany ($591M or 39.2%), and product exports increase in Telephones ($3.83B or 87.5%), Integrated Circuits ($1.89B or 823%), and Computers ($1.81B or 186%). In January 2021, the increase in Guangdong Province's year-by-year imports was explained primarily by an increase in imports from Taiwan ($2.49B or 63.6%), China ($2.48B or 55.2%), and Japan ($1.39B or 62.8%), and product imports increase in Integrated Circuits ($4.36B or 58.9%), Telephones ($1.42B or 115%), and Semiconductor Devices ($582M or 71.4%).