The exports of Guangdong increased by 6.4% in the first May, and the import value of semiconductor manufacturing equipment increased by 48.5%.

Author:21st Century Economic report Time:2022.06.20

Southern Finance and Economics reporter Liu Ningxin reported on June 20. On June 20, a reporter from Southern Finance and Economics learned from the Guangdong Branch of the General Administration of Customs that in the first five months of this year, the import and export of Guangdong's foreign trade was 3.21 trillion yuan, an increase of 1.9%. Among them, exports were 2.03 trillion yuan, an increase of 6.4%, and imports were 1.18 trillion yuan, a decrease of 4.9%.

Guangdong's trade structure has continued to optimize, generally trade growth, and the proportion increases. In the first five months, Guangdong's general trade import and export increased by 6%, accounting for 54.9%of the total value of Guangdong's foreign trade import and export, an increase of 2.1 percentage points from the same period last year; , 15.4%.

Chen Wanling, director of the International Economic and Trade Research Center of Guangdong Foreign Studies, believes that the continued decrease in import and export import and export of processing trade in Guangdong is related to the transfer of some foreign -funded enterprises engaged in processing exports. Industrial transfer brings some reduction in intermediate products.

However, this does not reflect the trend of gradually evacuating foreign companies in Guangdong. In fact, many foreign companies have changed in Guangdong's investment structure. In the first five months of this year, the import and export of foreign investment companies in Guangdong increased by 2.4%, accounting for 37.8%. Liu Ye, vice chairman of the Guangzhou Foreign Investment Enterprise Association and vice president of Jianzhi Group, believes that with the transformation and upgrading of Guangzhou's industries, some foreign companies with some labor -intensive industries have gradually transferred to investment destinations with lower production costs, but A more important trend is that more and more foreign investors from advanced manufacturing industries such as new energy, chips, biomedicine, etc. have set their sights on Guangzhou.

Private enterprises and state -owned enterprises are still the main force of import and export growth. In the first five months, the import and export of Guangdong state -owned enterprises increased by 15.3%, and the growth rate was 13.4 percentage points in Guangdong. Private enterprises increased by 0.6%, accounting for 56.2%.

From the perspective of major trading partners, in the first five months, Guangdong's imports and exports to the United States, the European Union and Taiwan increased rapidly. According to the data of the Guangdong Branch of the General Administration of Customs, in the first five months, Guangdong's imports and exports to ASEAN 505.61 billion yuan, an increase of 3.3%. ASEAN is the largest trading partner in Guangdong; imports and exports to the United States, the European Union, and Taiwan increased by 16.9%and 9.5 %And 8.8%.

From the perspective of product categories, both mechanical and electrical products and labor -intensive products have increased. In the first five months, Guangdong export mechanical and electrical products increased by 4.2%, accounting for 67.7%of Guangdong's total export value. Among them, automatic data processing equipment and its parts and electrical equipment increased by 16.1%and 17.5%, respectively. During the same period, Guangdong's export labor -intensive products increased by 5.8%, accounting for 16.3%.

Among the labor -intensive products exported, shoes, boots, luggage increased by 21.7%and 20.7%, respectively. Chen Wanling believes that with the gradual stability of the epidemic, the foreign market has restored the import demand for daily necessities, and orders affected by the epidemic affected by the epidemic in March and April of Guangdong have gradually released. With the improvement of production capacity, labor -intensive export products continue to grow.

In terms of commodity imports, the import volume of grain and crude oil has increased, and the import volume of coal and iron ore has decreased. In the first five months, Guangdong's grain imports increased by 36.1%, crude oil increased by 33.6%, coal decreased by 30.2%, and iron ore sand decreased by 9.5%.

In the first five months, the import value of Guangdong's integrated circuit increased by 3.7%, accounting for 35.8%of Guangdong's total value of imports; the import value of semiconductor manufacturing equipment increased by 48.5%. Compared with the April data, the import value of semiconductor manufacturing equipment still maintains high growth. In Chen Wanling's view, the import volume of Guangdong semiconductor manufacturing equipment greatly reflects the continued increase in the demand of the domestic semiconductor industry. Some semiconductor parts have consumed a lot in the early stage, and the continuous supply of production capacity must be continuously expanded in the later stage.

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