Overview In July 2021 Guangdong Province exported $65.9B and imported $41.9B, resulting in a positive trade balance of $24B. Between July 2020 and July 2021 the exports of Guangdong Province have increased by $17.1B (35.2%) from $48.7B to $65.9B, while imports increased by $9.57B (29.6%) from $32.3B to $41.9B.
Trade In July 2021, the top exports of Guangdong Province were Telephones ($6.31B), Computers ($2.96B), Integrated Circuits ($2.83B), Light Fixtures ($1.78B), and Video Displays ($1.72B). In July 2021 the top imports of Guangdong Province were Integrated Circuits ($14.1B), Telephones ($2.09B), Semiconductor Devices ($1.5B), Computers ($922M), and Iron Ore ($920M).
Destinations In July 2021, Guangdong Province exported mostly to Hong Kong ($13.9B), United States ($11.4B), Japan ($2.54B), Vietnam ($2.31B), and Germany ($1.81B), and imported mostly from China ($7.97B), Taiwan ($7.39B), South Korea ($4.22B), Japan ($3.5B), and Malaysia ($2.04B).
Growth In July 2021, the increase in Guangdong Province's year-by-year exports was explained primarily by an increase in exports to Mexico ($552M or 51.8%), Vietnam ($457M or 24.6%), and Japan ($331M or 14.9%), and product exports increase in Integrated Circuits ($2.43B or 594%), Computers ($1.67B or 130%), and Telephones ($1.49B or 30.9%). In July 2021, the increase in Guangdong Province's year-by-year imports was explained primarily by an increase in imports from China ($1.7B or 27%), Taiwan ($1.43B or 24%), and South Korea ($628M or 17.5%), and product imports increase in Integrated Circuits ($3.34B or 31.2%), Telephones ($780M or 59.7%), and Gold ($630M or 555%).