Exports strong as Foshan grows trade 6.6%

Foshan’s foreign trade numbers appear to be holding steady, with total exports and imports for the first 10 months at 402.79 billion yuan, up 6.6% YoY. Exports were fairly strong, up 7.4% at 312.54 billion yuan, while imports were up 4.1% at 90.25 billion yuan.

According to official data, Foshan’s traditional exports, such as home appliances, furniture, and ceramics, have remained stable, while cross-border e-commerce has been surging, up 1.2 times, albeit still only at 6.35 billion yuan.

Although trade with the United States was flat, at 51.55 billion yuan, trade with ASEAN was up 16.8% to 69.25 billion yuan, while trade with the EU was up 11.5% to 52.68 billion yuan.

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