Dongguan's imports and exports total 405.44 billion RMB from January to April this year, which is an 8.9% increase compared to that of the same period in last year (the growth rate of the country is 4.3% and the province 0.8%). Its imports and exports account for 4.3% and 19.1% of the country and the province respectively. Specifically, its exports in April maintain two-digit growth in April, reaching 13.4%.

Exports in April maintain two-digit growth

It is found that Dongguan's two-digit growth of exports in April constitutes one of the reasons for the relatively fast growth of its imports and exports from January to April. Dongguan’s total imports and exports in April stand at 113.34 billion RMB, an increase of 10.4%. Dongguan’s total imports and exports rank the second in the province after Shenzhen and the growth rate is the fastest among the top eight cities in terms of trade volume in the province.

Dongguan’s exports in April reach 68.47 billion RMB, which is an increase of 13.4% and a modest month-on-month increase of 0.2%; its imports reach 44.87 billion RMB, a year-on-year increase of 6%, which marks the rapidest growth in the past four months.

Dongguan’s imports and exports quality witnesses further improvement with its imports and exports of general trade increasing considerably. From January to April this year, Dongguan’s imports and exports in general trade register 178.63 billion RMB, increasing by 22.9% and accounting for 44.1% of Dongguan’s total imports and exports value over the same period, which is an increase of 5.1 percentage points over the same period in 2018.

In addition, private enterprises maintain their edges in imports and exports. From January to April, imports and exports of Dongguan’s private enterprises stand at 216.85 billion RMB, increasing by 16.1% and accounting for 53.5%, which is a 3.3 percentage points increase compared to that of the same period in 2018. Over the same period, imports and exports of foreign-invested enterprises reach 184.14 billion RMB, increasing by 2.1% and representing 45.4%, which is a decline of 3 percentage points. Imports and exports of state-owned enterprises register 3.57 billion RMB, dropping by 28%.  

Machinery and electronic products make up most of the imported and exported products

In terms of the regions, Dongguan’s imports from and exports to the US witness a slight increase. If seen from the total volume, however, compared with the first quarter, Dongguan’s total imports from and exports to the US go down from the first place to third, with the top two being replaced by the ASEAN and the EU.

Based on the total imports and exports, from January to April this year, Dongguan’s seven largest trading partners are the ASEAN, the EU, the US, Hong Kong Special Administrative Region, South Korea, Taiwan and Japan. Dongguan’s total imports and exports with these seven trading partners stand at 307.89 billion RMB, accounting for 75.9%. Among them, its imports and exports with the ASEAN make up 53.99 billion RMB, an increase of 25.2%; 52.99 billion RMB with the EU, an increase of 19.3%; and 51.56 billion RMB with the US, an increase of 4%.   

Machinery and electronic products represent most of the imported and exported products with the exports of mobile phones and integrated circuits and imports of agricultural products increasing relatively fast. In terms of exports, Dongguan’s exports of machinery and electronic products from January to April register 187.82 billion RMB, increasing by 14.9% and accounting for 77.9% of Dongguan’s total exports over the same period. Among them, exports of mobile phones account for 46 billion RMB, which is an increase of 29.5% and exports of integrated circuits register 8.15 billion RMB, an increase of 1.9 times. The exports of seven types of labor-intensive products total 40.05 billion RMB, increasing by 4.7%.