Guangdong foreign trade and economic cooperation to achieve "open door red"
We have achieved fast growth in the import and export of foreign trade and further optimized the structure. In the first quarter, the province realized 14.482 billion yuan in imports and exports, up 15.4 percent, up 20.4 percentage points from the same period last year, accounting for 23.4 percent of the country, and the quarter was the highest in the quarter since 2012.
In the first quarter of this year, the main indicators of guangdong's foreign trade and economic development were significantly improved, both higher than the same period last year.
Exports were the highest in the country
We have achieved fast growth in the import and export of foreign trade and further optimized the structure. In the first quarter, the province realized 14.482 billion yuan in imports and exports, up 15.4 percent, up 20.4 percentage points from the same period last year, accounting for 23.4 percent of the country, and the quarter was the highest in the quarter since 2012. Among them, exports totaled 8949.1 billion yuan, an increase of 13.5%, a year-on-year increase of 16.6 percentage points, accounting for 26.9% of the country, and the largest export volume in the country. Imports were 553.29 billion yuan, up 18.7 percent, up 26.6 percentage points from the same period last year, accounting for 19.3 percent of the total.
The trade structure dominated by "private enterprises + general trade" is the main driving force for the growth of foreign trade. Under the pull of leading companies such as huawei, zte, guangdong private enterprises import and export growth of 26.9%, driven by the provincial import and export growth of 11.0%, year-on-year increase 17.9%, year-on-year increase of 4.1%. The general trade growth, which is mainly private enterprises, increased by 16.6%, which led to a 7.4 percent increase in the province's import and export growth, a year-on-year increase of 18.2 percentage points, and an increase of 0.5 percentage points from the previous year.
High-end products and imports and exports are in good condition, foreign trade excellent in the performance of outstanding achievements. The import and export of mechanical and electrical products rose by 12.4 percent to 957.16 billion yuan, up 17.5 percentage points from a year earlier, accounting for 66.1 percent of the province's total. The import and export of high-tech products reached 576.89 billion yuan, up by 10.7%, up 15.8 percentage points from a year earlier, accounting for 39.8% of the province, and a 4.5 percentage point increase in the province's import and export growth. Among them, the export of computer and communication technology products and optoelectronic technology products increased by 7.5% and 11.2% respectively.
The recovery in the international domestic market has led to strong growth in Europe and the United States and One Belt And One Road countries. By air conditioners, cell phones, refrigerators and other mechanical and electrical products export growth significantly, guangdong import and export to the United States jumped by 12.0%, year-on-year increase 15.5%, pulling the provincial import and export growth of 1.5%. Guangdong province increased its import and export growth by 17.6 percent in the fourth largest trading market, increasing by 21.7 percentage points year-on-year, boosting the province's import and export growth by 2.0 percent. In the first quarter, the import and export growth of countries along the "One Belt And One Road" in guangdong province increased by 25.2 percent, driving the total import and export growth of the province by 5.2 percentage points.
Traditional trade stopped falling and the new momentum of foreign trade gathered pace. Processing trade cumulative growth rate at the end of 42 consecutive months of negative growth, after two months in a row to achieve positive growth, an increase of 7.9%, increased 25.3% year-on-year increase, pull the provincial import and export growth of 3.0%. The import and export of cross-border e-commerce, which was included in the statistics, was 5.28 billion yuan, up 62.3 percent, and the scale continued to be the first in the country. Guangzhou huahua leather leather leather leather leather goods market, pilot launch, to achieve the import and export of 3.25 billion yuan. The pilot enterprises of 46 provincial-level foreign trade comprehensive services were exported to 29.01 billion yuan.
At present, the favorable fundamentals of guangdong's foreign trade have not changed, and domestic and foreign demand continues to recover, and business confidence is stable. According to the department of commerce of guangdong province foreign trade operation monitoring system questionnaire survey of 1233 enterprises, 56.5% in March to reflect new export orders quantity of the goods from the previous month has increased, with 51.4% of the quantity of the goods rose more than 5%; 92.8 percent of companies expressed optimism about the outlook for the export outlook for the next six months. It is expected that guangdong's foreign trade will continue to stabilize in the full year.
The quality of two-way investment has improved
In terms of investment, the new batch of foreign direct investment enterprises (projects) in guangdong province in the first quarter was 2622, up 65.3%. The contract utilized $26.51 billion in foreign investment, an increase of 44.4%. The actual utilization of foreign investment was $6.04 billion, up 3.6 percent, 2.3 percentage points higher than the same period last year. In march, the actual amount of foreign capital absorbed was the highest since June 2015. In the first quarter of the year, we invested $2.26 billion in new foreign agreements and invested us $1.52 billion.
The free trade zone is the main growth pole for absorbing foreign capital. In the first quarter of this year, 1,199 foreign projects were absorbed by guangdong's free trade zone. The contract utilized a total of $15.73 billion in foreign investment, up 68.8%, accounting for 59.3% of the total amount of the whole province, which led to a 34.9 percentage point increase in foreign investment in the province. The actual utilization of foreign investment was $10.0 billion, up by 54.9%, accounting for 16.6% of the total amount of the whole province, and a 6.1 percentage point increase in the total foreign investment in the whole province.
Developed countries such as Europe and the United States have strong growth in guangdong investment. In the first quarter, guangdong's absorption of real foreign investment in the United States rose 4.7 times, accounting for 2.3 percentage points and 2.4 percentage points in the whole province. Real foreign investment in European countries, such as the Netherlands, France and Germany, increased 34 times, 87.2 percent and 19.2 percent respectively, boosting the province's growth by 2.7 percentage points.
Absorption of foreign capital continues to converge on high-tech manufacturing and modern services. In the first quarter, the actual foreign investment of high-tech manufacturing industries in guangdong province, such as computer communication and electronic equipment, electrical machinery and equipment, increased by 24.0% and 84.1% respectively. Real foreign investment in modern services such as scientific research, technical services and geological survey was 2.1 times higher. A number of major projects such as foxconn's 10.5 generation 8K display project and ge bio-pharmaceutical project have landed in guangdong.
Outward investment accelerated to the real economy and emerging industries.
The proportion of foreign real investment in manufacturing increased by 17.9 percentage points, among which the number of computer communication equipment manufacturing increased by 1.9 times, and the trend of outbound investment to the real economy was further highlighted. The traditional advantages of guangdong province accelerated in overseas layout, and the external real investment of rubber and plastic products and textile and garment manufacturing grew by 15.3 times and 7.6 times respectively.
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