Guangdong had a substantial increase in trade with Hong Kong SAR during the first five months of 2024, underscoring robust economic connections between the two places, according to statistics released by the Guangdong Sub-Administration of the GACC on June 27.
Shantou Customs officers supervise the production process of food with a short shelf life for Hong Kong and Macao.
In 2023, the total value of Guangdong Province’s imports and exports to Hong Kong reached 1.04 trillion RMB, an increase of 2.7 times compared to 1997, with an average annual growth rate of 5.2%.
From January to May of this year, Guangdong’s total imports and exports to Hong Kong amounted to 436.46 billion RMB, a year-on-year increase of 17.1%, exceeding the overall import and export growth rate of Guangdong Province by 3.5 percentage points. Among them, the export value was 417.01 billion RMB, a year-on-year increase of 14.6%. The import value was 19.45 billion RMB, a year-on-year increase of 121.1%.
