Overview In February 2023 Guangxi Zhuang Autonomous Region exported $3.57B and imported $3.48B, resulting in a positive trade balance of $92M. Between February 2022 and February 2023 the exports of Guangxi Zhuang Autonomous Region have increased by $1.15B (47.8%) from $2.42B to $3.57B, while imports increased by $1.18B (51.4%) from $2.3B to $3.48B.
Trade In February 2023, the top exports of Guangxi Zhuang Autonomous Region were Telephones ($291M), Commodities not elsewhere specified ($245M), Sound Recordings ($184M), Cars ($153M), and Computers ($127M). In February 2023 the top imports of Guangxi Zhuang Autonomous Region were Crude Petroleum ($519M), Commodities not elsewhere specified ($460M), Copper Ore ($328M), Soybeans ($268M), and Iron Ore ($227M).
Destinations In February 2023, Guangxi Zhuang Autonomous Region exported mostly to Vietnam ($1.83B), Hong Kong ($427M), Thailand ($228M), United States ($122M), and Malaysia ($108M), and imported mostly from Vietnam ($662M), United States ($334M), Canada ($191M), Australia ($187M), and Saudi Arabia ($161M).
Growth In February 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 February 2023, the increase in Guangxi Zhuang Autonomous Region's year-by-year imports was explained primarily by an increase in imports from Canada ($210M or 301%), Saudi Arabia ($122M or 15k%), and Brazil ($90.8M or 86.2%), and product imports increase in Coal Briquettes ($344M or 1.12k%), Copper Ore ($104M or 35.2%), and Raw Copper ($56.4M or 423%).