Overview In September 2022 Guangdong Province exported $80.4B and imported $41.7B, resulting in a positive trade balance of $38.7B. Between September 2021 and September 2022 the exports of Guangdong Province have increased by $4.21B (5.52%) from $76.2B to $80.4B, while imports decreased by $-2.87B (-6.44%) from $44.6B to $41.7B.
Trade In September 2022, the top exports of Guangdong Province were Telephones ($9.48B), Integrated Circuits ($3.62B), Computers ($3.31B), Other toys ($2.52B), and Electrical Transformers ($2.31B). In September 2022 the top imports of Guangdong Province were Integrated Circuits ($15.5B), Sound Recordings ($1.47B), Semiconductor Devices ($1.38B), Petroleum Gas ($1.01B), and Office Machine Parts ($856M).
Destinations In September 2022, Guangdong Province exported mostly to Hong Kong ($17.2B), United States ($13.3B), Japan ($2.88B), India ($2.72B), and Malaysia ($2.54B), and imported mostly from Taiwan ($8.06B), China ($5.98B), South Korea ($4.11B), Japan ($3.96B), and Vietnam ($2.39B).
Growth In September 2022, 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 ($1.81B or 186%). In September 2022, the decrease in Guangdong Province's year-by-year imports was explained primarily by an decrease in imports from Iran ($-269M or -85.1%), Switzerland ($-140M or -36.8%), and Argentina ($-25.6M or -24.9%), and product imports decrease in Crude Petroleum ($-293M or -66.1%), Coal Briquettes ($-185M or -64.3%), and Soybeans ($-114M or -94.6%).