Guangdong's foreign trade hits 1.35 tln yuan in first two months of 2025 with EV exports surging 119.5%

In the first two months of 2025, Guangdong's foreign trade import and export volume reached 1.35 trillion yuan, accounting for 20.6% of the national total, an increase of 0.1 percentage points, according to statistics from the Guangdong Sub-Administration of the GACC.

Under the backdrop of expanding opening up and policies aimed at stabilizing foreign trade and investment, foreign-invested enterprises saw growth. In the first two months, foreign-invested enterprises in Guangdong recorded imports and exports worth 424.54 billion yuan, an increase of 3.9%, accounting for 31.6% of the total. Private enterprises recorded imports and exports of 851.39 billion yuan, accounting for 63.3% of Guangdong's total.

Guangdong's top five trading partners in early 2025 were ASEAN, Hong Kong SAR, the European Union, the United States, and Taiwan Province of China. Guangdong's trade with the countries participating in the Belt and Road Initiative amounted to 533.42 billion yuan, accounting for 39.7% of the province's total trade.

Amid economic transformation and upgrading in the province, exports of mechanical and electrical products grew. Guangdong's export of mechanical and electrical products reached 572.42 billion yuan, up 1.5%, accounting for 66.9% of the province's total exports. Major exports such as automatic data processing equipment and parts, electrical appliances, and household electronics grew by 17%, 5%, and 3.2%, respectively. Electric vehicles, motorcycles, containers, and drones saw rapid export growth, increasing by 119.5%, 40.3%, 34.3%, and 30.7%, respectively.

Imports of key commodities showed faster growth, showcasing the region’s importance as a global supply chain hub. In the first two months, Guangdong's imports of mechanical and electrical products reached 328.98 billion yuan, a growth of 19.1%, accounting for 67.1% of total imports. Among them, imports of integrated circuits totaled 174.76 billion yuan, an increase of 13%, and imports of automatic data processing machines and units totaled 45.09 billion yuan, up 101.3%. Semiconductor manufacturing equipment imports reached 15.72 billion yuan, a growth of 115.8%.

Reporter | Dai Bosi

Poster | Lai Meiya

Photo | Nanfang Plus

Editor | Hu Nan, James, Shen He