Exports Of Textiles, Clothing And Footwear In Guangdong Steadily Declined In 1-10 Months.

I learned from the Guangdong branch of customs, Guangdong Province in the first 10 months of this year.

Customs analysts believe that since the second half of this year, Guangdong's monthly growth has been narrowing, showing a month by month.

From the statistics point of view, the export growth of our province dropped to single digit in October, and the growth rate of imports was lower than the total level of the whole country by more than 20 percentage points.

In terms of bilateral trade, the growth rate of import and export in major markets such as Europe and the United States has slowed down significantly since the second half of the year, and the import and export of emerging markets has maintained rapid growth in Guangdong.

Statistics show that in the first 10 months, in addition to the growth rate of imports and exports of Guangdong, the rest of the growth rate of Hongkong and the former 6 largest trading partners was lower than the overall growth rate of Guangdong, and the rate of decline was much lower than that of the first half of the year.

In the same period, Guangdong's import and export value to emerging markets such as Latin America, the Middle East and Africa were 30 billion 540 million US dollars, 29 billion 590 million US dollars and 23 billion 730 million US dollars respectively, with a significant increase of 27%, 31.6% and 71.1% respectively.

In terms of export commodities, the export growth rate of electromechanical products, high-tech products and most of the main labor-intensive products continued to slow down.

In the first 10 months, the export of mechanical and electrical products in Guangdong province was 292 billion 580 million US dollars, an increase of 16.9%, down 1.6 percentage points from last month, accounting for 67.4% of the total value of Guangdong's foreign trade export, and the export of high-tech products (with mechanical and electrical products crossed) 160 billion 210 million US dollars, an increase of 17%, a 1.8 percentage point drop from last month, and the export of electromechanical products and high-tech products continued to be lower than the overall growth rate of 20.5% in Guangdong.

Over the same period, the growth rate of labour intensive products such as garments and accessories, furniture and parts, footwear and textile yarns, fabrics and products in Guangdong has been steadily decreasing.

In addition, the export of agricultural products was 5 billion 460 million US dollars, an increase of 25.1%.