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Trade booming between Guangxi, ASEAN

(People's Daily Online)

14:06, August 08, 2011

In the first half of this year, trade between Guangxi and countries in the Association of Southeast Asian Nations totaled 3.93 billion U.S. dollars, an increase of 49.5 percent year on year.

Of that amount, Guangxi's exports totaled 2.76 billion U.S. dollars, an increase of 56.2 percent, and imports totaled 1.17 billion, which increased by 35.7 percent year on year. There was a bilateral trade surplus 1.59 billion dollars.

Border transactions in small amounts account for the majority of the trade surplus while all major forms of trade have seen significant growth in the first half of the year. During that period, border transaction in small amounts between Guangxi and ASEAN totaled 2.52 billion dollars, an increase of 56.2 percent or 64.1 percent of the total volume of imports and exports of the same period.

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