According to the news from the Guangdong Customs on May 18, from January to April, Guangdong’s foreign trade imports and exports were 1.92 trillion yuan, the decrease was 2 percentage points narrower than the first quarter, accounting for 21.2% of the country’s total import and export value, accounting for 0.4 percentage points higher than that in the first quarter. Among them, the import performance is better than other parts of the country. With the orderly progress of enterprises’ resumption of production, residents’ consumption has gradually increased, and the decline in Guangdong’s foreign trade imports and exports has narrowed.

Guangdong’s foreign trade imports and exports fell by 15% in January - February, it fell by 6% in March, and the decline in April narrowed to 4.9%. Import performance was better than other parts of the country. In April, Guangdong’s import fell by less than 5.6 percentage points nationwide. Imports of mechanical and electrical products in Guangdong increased by 4.3%; imports of resource products such as coal and natural gas increased by 19.1% and 76.8%.

 

The export of medical materials has been growing rapidly. In April, Guangdong’s textile exports (including masks) increased significantly by 3.9 times; the export of medical equipment increased by 57.2%; and the export of pharmaceutical products increased by 67.9%.

 

Exports of some mechanical and electrical products showed a recovery growth. At present, most foreign trade enterprises have resumed production, and orders in hand affected by the pandemic in the early stage have been gradually implemented. In April, Guangdong’s exports of electronic components, computers and their parts, and home appliances increased by 6.7%, 19.3%, and 11.7%, respectively, while the aforementioned products fell by 5.3%, 18.4%, and 15.6% in the first quarter.

 

The decline in processing trade narrowed. In April, Guangdong’s imports and exports of processing trade amounted to 157 billion yuan, down 13%, the decrease was 12.6 percentage points narrower than the first quarter.