Foreign trade


The total trade value of Guangzhou city in 2000 stood at US$17.641 billion, up by 21.60 per cent on US$14.507 billion in 1999. Over half of the foreign trade value was contributed by the city's export, which was worth US$9.176 billion, up by 16.77 per cent over US$7.858 billion in 1999. Total export compared to 30.82 per cent of the city's GDP, RMB238.3 billion, and contributed 9.98 per cent to the total export value of Guangdong Province. Export of primary and manufactured products stood at US$0.32 billion and US$8.856 billion respectively, or 3.49 per cent and 96.51 per cent of the total export value.

In 2000, commodities were exported to 196 countries and regions , among which the top five (see Table 7.41.2) accounted for 75.5 per cent of total export value. The two largest export destinations had a combined share of 62.87 per cent in the city's total export revenue.

Table 7.41.2: Top five export markets, Guangzhou City, 1995 and 2000

Country/region

Export value (US$ million)

% of export total

1995

Hong Kong

2,435.95

39.0

USA

253.57

4.1

Germany

88.52

1.4

Japan

79.43

0.9

UK

55.04

0.5

Total

2,912.51

45.9

2000

Hong Kong

3,414.56

37.21

USA

2,355.10

25.66

Japan

731.5

7.97

Germany

241.80

2.48

Belgium

228.35

2.18

Total

6,971.31

75.5

Import value totalled US$8.465 billion, an increase of 27.32 per cent over US$6.585 billion in 1999. Import of primary and manufactured products amounted to US$620 million and US$7.845 billion respectively, making up 7.23 per cent and 92.67 per cent of the total import value. Import commodities came from 123 countries and regions (see Table 7.41.3).

Table 7.41.3: Top five import markets, Guangzhou City, 1995 and 2000

Country/region

Import value (US$ million)

% of import total

1995

Hong Kong

734.47

21.4

Japan

81.56

2.4

USA

50.03

1.5

Republic of Korea

29.39

0.9

Taiwan Province

15.04

0.4

Total

910.49

26.6

2000

Japan

1,648.69

19.46

Taiwan Province

1,269.76

14.99

USA

1,011.42

11.94

Hong Kong

806.11

9.52

Republic of Korea

604.07

7.13

Total

5,340.05

63.04




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

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