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Guangdong Refreshes Export Record
South China's Guangdong Province set a new record by exporting 8.56 billion U.S. dollars worth of commodities in August.
Local customs statistics show that the province did 108.92 billion U.S. dollars worth of foreign trade from January to August, up 26.6 percent from the same period last year or accounting for 36.1 percent of the national total.
In a breakdown, exports over the past eight months brought in
59.35 billion U.S. dollars, up 26.4 percent, while imports were 49.57 billion U.S. dollars, up 26.8 percent. Import and export in August alone stood at 15.66 billion U.S. dollars, up 21.5 percent from August of 1999.
Most of the province's exports and imports were done through the processing trade. Though the province completed 65.9 percent of its pre-set export goal for this year in eight months, the increasing export rate is lower than the national average growing export rate and has continued to fall.
Export of major commodities continued to grow drastically. Exported electrical machinery for January-August period made up 31.26 billion U.S. dollars, up 33.4 percent from the same period last year or accounting for 52.7 percent of the province's total export.
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