Guangdong ProvinceProvince in China
2020 Economic Complexity : 0.19, Rank 10 of 31
Jul 2021 Trade Exports | Imports: $65.9B | $41.9B, 1 of 31 | 1 of 31
Jul 2021 Country Destination | Origin: Hong Kong | China , $13.9B | $7.97B
Jul 2021 Product Exports | Imports: Communication apparatus (excluding telephone sets or base stations):... | Electronic integrated circuits: processors and controllers, whether or..., $2.08B | $5.62B
Overview This page contains the latest international trade data for Guangdong Province, including export and import data.
Exports In 2020, China's Guangdong Province exported $510B, making it the 1st largest exporter out of the 31 exporters in China. In 2020 the top exports of Guangdong Province were Telephones for cellular networks or for... ($23.8B), Telephone sets and other apparatus for... ($17.3B), Communication apparatus (excluding telephone sets or... ($16.5B), Made up articles (textile) nes, textile... ($14.6B), and Tricycles, scooters, pedal cars and similar... ($12.9B).
Imports In 2020, China's Guangdong Province imported $388B, making it the 1st largest importer out of the 31 importers in China. In 2020 top imports of Guangdong Province were Electronic integrated circuits: processors and controllers,... ($52.3B), Electronic integrated circuits: n.e.c. in heading... ($37.6B), Electronic integrated circuits: memories ($32.7B), Telephone sets and other apparatus for... ($21.2B), and Parts and accessories of data processing... ($8.07B).
Economic Complexity In 2020, the highest complexity exports of Guangdong Province according to the product complexity index (PCI) are Glass with Edge Workings (1.88), Non-Mechanical Removal Machinery (1.86), Electric Soldering Equipment (1.83), LCDs (1.76), and Cast or Rolled Glass (1.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
July, 2021
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%).
EXPORT GROWTH (July 2020 - July 2021): $17.1B, (35.2%)
IMPORT GROWTH (July 2020 - July 2021): $9.57B, (29.6%)
This section shows exports and imports data at subnational level for Guangdong Province. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Guangdong Province over time.
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Top Destination (2020): United States, $106B
Top Product (2020): Telephones for cellular networks or for..., $23.8B
In 2020 the top export destinations of Guangdong Province were United States ($106B), Hong Kong ($33B), Japan ($23.9B), Vietnam ($19.7B), and Germany ($17.8B).
In 2020 the top exports of Guangdong Province were Telephones for cellular networks or for... ($23.8B), Telephone sets and other apparatus for... ($17.3B), Communication apparatus (excluding telephone sets or... ($16.5B), Made up articles (textile) nes, textile... ($14.6B), and Tricycles, scooters, pedal cars and similar... ($12.9B).
Fastest Growing Exports Destination (Jul 2020 - Jul 2021)
Rapidly Declining Export Origins (Jul 2020 - Jul 2021)
Top Origin (2020): China, $73.7B
Top Import (2020): Electronic integrated circuits: processors and controllers,..., $52.3B
In 2020 the top import origins of Guangdong Province were China ($73.7B), Taiwan ($68.7B), South Korea ($41.8B), Japan ($39.2B), and Malaysia ($23.8B).
In 2020 the top imports of Guangdong Province were Electronic integrated circuits: processors and controllers,... ($52.3B), Electronic integrated circuits: n.e.c. in heading... ($37.6B), Electronic integrated circuits: memories ($32.7B), Telephone sets and other apparatus for... ($21.2B), and Parts and accessories of data processing... ($8.07B).
Economic Complexity (2020): 0.19
Guangdong Province ranks 10th out of the 31 provinces in China according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The top export opportunities according to the relatedness level, without considering those products were Guangdong Province already has a comparative advantage, are led by Integrated Circuits (0.36), Broadcasting Equipment (0.36), Knit Gloves (0.35), Gum Coated Textile Fabric (0.35), and Light Synthetic Cotton Fabrics (0.34).
The highest complexity exports of Guangdong Province according to the product complexity index (PCI) are Glass with Edge Workings (1.88), Non-Mechanical Removal Machinery (1.86), Electric Soldering Equipment (1.83), LCDs (1.76), and Cast or Rolled Glass (1.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Other Cloth Articles (34.3), Telephones (15.8), Felt Machinery (13.3), Sound Recording Equipment (13.0), and Motor-working Tools (11.6).
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Guangdong Province is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.