According to Guangzhou Customs, the export of garment and accessories valued 6.31 billion USD from Jan. to Apr. this year, down 5.1% from same period last year. Since the turning point in March of which the negative export growth starting from last March suspended, the garment export in April continued to increase to 1.74 billion USD, up 3.9% on a yearly basis, or up 5.5% on a monthly basis.
Hong Kong, EU and the US were still the major export destinations of Guangdong Province. The export to the top three buyers accounted for 61.8% of the total. Otherwise, the export to emerging markets were growing at the same time. For instance, the export to Mid East, ASEAN and Latin America were 600 million USD, 39 million USD and 36 million USD respectively, up 53%, 6.2% and 6%. While the export to Africa dropped 2.2% to 230 million USD. The export to emerging markets accounted for 25.1% of the total.
The export through general trade way was 3.76 billion USD in Guangdong from Jan. to April, down 0.3% on a yearly basis, and accounting for 59.6% of the total export. For April alone, the export was 1.09 billion USD through the general trade, up 16.5% on a yearly basis and up 4.4% on a monthly basis. But the growth rate reduced 15.8 points than that of March. The export through processing trade was 2.04 billion USD in Guangdong from Jan. to April, down 19.3% on a yearly basis, and accounting for 32.4% of the total export. For April alone, the export was 520 million USD through the general trade, down 21.5% on a yearly basis but up 8% on a monthly basis. The growth rate increased 3.4 points than that of March.
