Guangdong Province

Overview In October 2024 Guangdong Province exported $68.6B and imported $38.9B, resulting in a positive trade balance of $29.7B. Between October 2023 and October 2024 the exports of Guangdong Province have increased by $4.7B (7.36%) from $63.9B to $68.6B, while imports increased by $3.18B (8.92%) from $35.7B to $38.9B.

Trade In October 2024, the top exports of Guangdong Province were Telephones ($7.29B), Computers ($3.68B), Commodities not elsewhere specified ($3.48B), Integrated Circuits ($2.82B), and Video Displays ($1.71B). In October 2024 the top imports of Guangdong Province were Integrated Circuits ($13.2B), Computers ($4.57B), Gold ($1.17B), Sound Recordings ($1.14B), and Semiconductor Devices ($1.05B).

Destinations In October 2024, Guangdong Province exported mostly to Hong Kong ($13.3B), United States ($11.1B), Vietnam ($2.36B), Japan ($2.35B), and India ($2.1B), and imported mostly from Chinese Taipei ($9.68B), China ($6.13B), South Korea ($3.26B), Japan ($3.19B), and Vietnam ($2.32B).

Growth In October 2024, the increase in Guangdong Province's year-by-year exports was explained primarily by an increase in exports to United States ($799M or 7.78%), Russia ($414M or 33.1%), and Germany ($412M or 27.2%), and product exports increase in Computers ($513M or 16.2%), Air Conditioners ($334M or 54.9%), and Office Machine Parts ($312M or 37.9%). In October 2024, the increase in Guangdong Province's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($2.49B or 34.6%), China ($947M or 18.3%), and Japan ($493M or 18.3%), and product imports increase in Computers ($2.46B or 117%), Integrated Circuits ($1.11B or 9.16%), and Gold ($465M or 66.3%).