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Home >> Business
UPDATED: 14:22, June 25, 2004
Guangdong reports growing foreign trade in 1st quarter
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Guangdong Province, China's leading foreign trade player, witnessed a steady increase in its import and export volume from January to March, although China's overall exports and imports reported a deficit of 8.44 billion US dollars during the period.

With a trade surplus of 1.8 billion US dollars, the province traded 72.74 billion US dollars worth of goods, up 24.5 percent from the same period last year and accounting for 30.3 percent of the national total, according to local customs statistics released Monday.

The statistics showed exports rose 22.2 percent to 37.27 billion US dollars, while imports rose 26.9 percent to 35.47 billion US dollars.

Overseas-backed businesses, state-owned foreign trade companies,collectively-owned firms and private businesses continued to be the key exporters of this south China's province. Machinery and electronic products and high-tech products remained the main exports of Guangdong.

Source: Xinhua

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