Guangdong stays on fast track in trade growth

An aerial view of container ships and cranes at Shenzhen's Yantian Port, Guangdong province, on May 3. [Photo/VCG]

Guangdong's trade volume has maintained double-digit growth for five consecutive months, setting an import and export volume record of 948.19 billion yuan ($139.54 billion) in May alone — up 20.3 percent year-on-year.

Guangdong sold products offshore valued at 549.13 billion yuan, while purchasing goods from overseas valued at 399.06 billion yuan — up 8.6 percent year-on-year, with a 41.2 percent jump in May, according to a statement released by Guangdong Customs on Friday.

The positive trade performance last month helped Guangdong achieve a total trade volume of more than 4.44 trillion yuan in the first five months, up 18.8 percent year-on-year.

Guangdong's exports grew 10.8 percent year-on-year to 2.61 trillion yuan, while its imports increased faster — 32.4 percent year-on-year — totaling 1.83 trillion yuan.