Guangdong province reached an import volume of 423.46 billion yuan ($62.81 billion) in July, surging by 40.7 percent year-on-year and marking five straight months of monthly growth exceeding 30 percent.
Guangdong Customs released a statement on Wednesday, wherein they attributed the dramatic increase to production and consumption and detailed other import trends during the first seven months of the year.
Driven by ever-growing demand across the AI industrial chain, Guangdong's imports of integrated circuits hit 1.07 trillion yuan, jumping 48.6 percent year-on-year and accounting for 39.6 percent of the province's total imports.
Computer and computer component imports reached 391.22 billion yuan, rising 77.9 percent year-on-year, while imports of copper amounted to 39.89 billion yuan, up 36.5 percent year-on-year, the statement said. Meanwhile, imports of daily consumer goods also saw remarkable increases, with edible vegetable oil soaring 190 percent, beef 38 percent, and milk powder 9.5 percent year-on-year.
The strong import demand has helped the foreign trade-reliant province achieve a trade volume of 6.49 trillion yuan between January and July, up year-on-year 20.5 percent and representing 21.6 percent of the country's total, the statement said.
