Guangdong Province

Overview In December 2024 Guangdong Province exported $70.6B and imported $45B, resulting in a positive trade balance of $25.6B. Between December 2023 and December 2024 the exports of Guangdong Province have increased by $1.91B (2.78%) from $68.7B to $70.6B, while imports increased by $4.75B (11.8%) from $40.3B to $45B.

Trade In December 2024, the top exports of Guangdong Province were Telephones ($6.1B), Commodities not elsewhere specified ($4.21B), Integrated Circuits ($3.86B), Computers ($3.79B), and Electrical Transformers ($1.8B). In December 2024 the top imports of Guangdong Province were Integrated Circuits ($15.7B), Computers ($3.82B), Sound Recordings ($1.57B), Semiconductor Devices ($1.32B), and Machines and apparatus of a kind... ($1.27B).

Destinations In December 2024, Guangdong Province exported mostly to Hong Kong ($13.6B), United States ($11B), Vietnam ($2.66B), Japan ($2.31B), and India ($2.17B), and imported mostly from Chinese Taipei ($9.18B), China ($7B), South Korea ($3.99B), Japan ($3.83B), and Vietnam ($2.54B).

Growth In December 2024, the increase in Guangdong Province's year-by-year exports was explained primarily by an increase in exports to United States ($972M or 9.65%), Indonesia ($314M or 28.1%), and Germany ($285M or 15.9%), and product exports increase in Computers ($590M or 18.4%), Air Conditioners ($241M or 29.9%), and Electric Batteries ($234M or 16.8%). In December 2024, the increase in Guangdong Province's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($2.03B or 28.4%), Malaysia ($780M or 45.9%), and China ($722M or 11.5%), and product imports increase in Computers ($2.51B or 191%), Integrated Circuits ($1.75B or 12.6%), and Machines and apparatus of a kind... ($661M or 108%).