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Guangdong reports 20% foreign trade growth

(Xinhua)
Updated: 2008-01-13 10:08

The foreign trade of China's southern province of Guangdong, one of the country's economic engines, reached $634 billion in 2007, a year-on-year increase of 20.2 percent, statistics show.

The province's export value was $369.25 billion, up 22 percent from 2006, while imports were valued at $264.8 billion, up 17.5 percent, according to statistics from Guangdong Customs.

The foreign trade of Guangdong accounted for 29 percent of the country's total of $2.17 trillion in 2007.

Guangdong governor Huang Huahua said the province would continue to push for new development of its foreign trade with "reform and innovative spirit".

The total value of exports and imports of Guangdong has been increasing by around $100 billion annually since 2004.