Recently, Guangzhou Customs released the "report card" of Guangzhou’s foreign trade for ten years.In the past ten years, Guangzhou’s foreign trade import and export has achieved high-quality development. The import and export trade volume has increased from 739.76 billion yuan in 2012 to 1.08 trillion yuan in 2021, an increase of 46.3%, with an average annual growth rate of 4.3%.It contributed 16.7% to the growth of Guangdong’s foreign trade and made positive contributions to the high-quality development of Guangdong’s foreign trade.
In the past ten years, Guangzhou’s foreign trade import and export has broken the trillion-dollar mark and become a "trillion-dollar city of foreign trade". The trade volume exceeded 700 billion yuan in 2012, 800 billion yuan in 2014, 900 billion yuan in 2017, 1 trillion yuan in 2019 and 1.08 trillion yuan in 2021.
Guangzhou’s exports have grown steadily, and the structure of export commodities has been continuously optimized.The export trade volume increased from 372 billion yuan in 2012 to 631.1 billion yuan in 2021, with an average annual growth rate of 6%. Among them, the export of mechanical and electrical products increased by 5.3% annually, and the export of high-tech products increased by 3.9% annually. In 2021, Guangzhou exported 6,245 new energy vehicles with a value of 420 million yuan, up 9 times and 2.9 times respectively compared with 2020.
At the same time, Guangzhou’s imports also continued to expand, and consumer goods imports grew rapidly.The total import value increased from 367.8 billion yuan in 2012 to 451.4 billion yuan in 2021, with an average annual growth rate of 2.3%. Among them, the import of agricultural products nearly doubled, with an average annual growth rate of 7.7%, and the import of consumer goods increased by 2.1 times, with an average annual growth rate of 13.6%.
In the past ten years, the level of Guangzhou’s trade autonomy has been continuously improved, and new growth points of foreign trade have emerged.The proportion of general trade increased from 47% in 2012 to 55.1% in 2021. The import and export scale of special supervision areas such as the comprehensive bonded area has increased rapidly, and the logistics goods in special customs supervision areas have increased by 2.4 times, with an average annual growth rate of 10%. The scale of emerging trade formats has expanded rapidly. In 2021, the market procurement scale has reached 140.3 billion yuan, accounting for 22.2% of the total export value in the same period.
It is worth noting that the number of foreign trade entities in Guangzhou has greatly doubled, and private enterprises have become the largest trade entity. In 2021, there were 19,000 enterprises with import and export performance in Guangzhou, 1.2 times more than in 2012. The vitality of private enterprises has further blossomed, and the proportion of trade volume has increased from 23% in 2012 to 52.8% in 2021, with an average annual growth rate of 14.4%.
In addition, the trade between Guangzhou and countries and regions along the Belt and Road has grown rapidly. In 2021, the trade volume reached 307 billion yuan, with an average annual growth rate of 8.3%. At the same time, the number of China-Europe trains keeps growing. In 2021, Guangzhou China-Europe Train (Da Lang) operated 128 import and export trains, with 13,000 TEUs, valued at 3.8 billion yuan, and all the data reached new highs.
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