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BRI Trade

S China Guangdong reports surge in cross-border trade in first two months

March 16, 2020


Abstract : The import and export value of cross-border e-commerce in south China's Guangdong Province grew to 7.95 billion yuan (about 1.14 billion U.S. dollars) in the first two months of the year, up 33.4 percent year on year, according to the provincial customs authorities.

BEIJING, March 16 (Xinhua) -- The import and export value of cross-border e-commerce in south China's Guangdong Province grew to 7.95 billion yuan (about 1.14 billion U.S. dollars) in the first two months of the year, up 33.4 percent year on year, according to the provincial customs authorities.

Due to the impact of the novel coronavirus disease (COVID-19) epidemic, Guangdong's foreign trade fell in the first two months, but new trade formats such as cross-border e-commerce showed a growth trend, said the customs authorities of Guangdong.

In the first two months, Guangdong's imports and exports totaled 842.75 billion yuan, a year-on-year decrease of 15.2 percent.

The current epidemic prevention and control has achieved positive results, with various policies and measures gradually implemented. The foreign trade enterprises have also been quickening the pace of work resumption. Guangdong's foreign trade has shown strong resilience. Since February, the province's import and export scale has gradually picked up, according to the customs authorities.

The province's imports resumed positive growth in February, with imports of consumer goods up 48.1 percent year-on-year and pharmaceuticals up 77.4 percent year-on-year.

The province saw import and export value of cross-border e-commerce stand at 110.8 billion yuan in 2019, up 45.8 percent from 2018, according to the provincial customs authorities.

Customs authorities of Guangdong said the province's cross-border e-commerce import and export value last year accounted for about 60 percent of the country's total cross-border e-commerce value. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: foreign trade cross-border e-commerce

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