China News Service, Nanning, June 17 (Su Duan Cheng Chaoying) The data provided by the Nanning Customs on the 17th shows that in the first five months of 2020, Guangxi's foreign trade imports and exports reached 176.23 billion yuan, down 8% year-on-year (the same below), and the decline rate was higher than the previous 4 months narrowed by 1.1 percentage points. Guangxi's trade with Hong Kong continued to grow.
In terms of major trading partners, ASEAN is Guangxi’s largest trading partner. According to statistics, Guangxi’s imports and exports to ASEAN reached 85.77 billion yuan in the first five months, a decrease of 6.2%, accounting for 48.7%, of which trade with Vietnam continued to increase in April and May. In addition, Guangxi's trade with Hong Kong and Australia maintained growth, with imports and exports of 22.68 billion yuan to Hong Kong, an increase of 19.1%; imports and exports to Australia of 6.42 billion yuan, an increase of 6.8%.
In terms of major export commodities, high-tech products have grown substantially, and labor-intensive products have fallen sharply. In terms of imported commodities, agricultural products imported 15.2 billion yuan, an increase of 9%, and soybeans resumed growth.
In the month of May, Guangxi's border small-scale trade showed signs of recovery, with imports and exports of 10.72 billion yuan, an increase of 17.4%, and a month-on-month increase of 12.2%; imports and exports of processing trade increased by 36.6%, which was the largest increase in the month.
In terms of trade subjects, the proportion of private enterprises has increased, and foreign-invested enterprises have turned down. In the first 5 months, the foreign trade of foreign-invested enterprises ended the downward trend, with imports and exports of 31.05 billion yuan, up 1%. (Finish)