Overview In April 2023 Guangxi Zhuang Autonomous Region exported $4.23B and imported $3.75B, resulting in a positive trade balance of $484M. Between April 2022 and April 2023 the exports of Guangxi Zhuang Autonomous Region have increased by $1.73B (68.9%) from $2.5B to $4.23B, while imports decreased by $-63.2M (-1.66%) from $3.81B to $3.75B.
Trade In April 2023, the top exports of Guangxi Zhuang Autonomous Region were Telephones ($250M), Commodities not elsewhere specified ($192M), Sound Recordings ($173M), Computers ($150M), and Other knitted or crocheted fabrics. ($140M). In April 2023 the top imports of Guangxi Zhuang Autonomous Region were Commodities not elsewhere specified ($537M), Copper Ore ($402M), Integrated Circuits ($322M), Iron Ore ($314M), and Crude Petroleum ($282M).
Destinations In April 2023, Guangxi Zhuang Autonomous Region exported mostly to Vietnam ($2.5B), Hong Kong ($307M), Thailand ($258M), United States ($178M), and Mexico ($83M), and imported mostly from Vietnam ($814M), Thailand ($353M), Brazil ($273M), Chile ($242M), and Australia ($194M).
Growth In April 2023, the increase in Guangxi Zhuang Autonomous Region's year-by-year exports was explained primarily by an increase in exports to Mexico ($64.4M or 275%), Indonesia ($41.8M or 162%), and Philippines ($25M or 118%), and product exports increase in Cars ($103M or 361%), Electric Batteries ($51.1M or 151%), and Integrated Circuits ($45.2M or 55.3%). In April 2023, the decrease in Guangxi Zhuang Autonomous Region's year-by-year imports was explained primarily by an decrease in imports from Thailand ($-388M or -68%), Vietnam ($-224M or -33.9%), and Mexico ($-87.6M or -94.8%), and product imports decrease in Computers ($-457M or -78.5%), Commodities not elsewhere specified ($-259M or -61.3%), and Iron Ore ($-44.1M or -12.4%).