Foshan’s exports remained resilient strong in April, helping the city to a 6.2% rise over the first four months of the year, above the province’s average. Mechanical and electrical products accounted for more than two-thirds of the RMB101.42 billion total, while the private sector was more than half of the total, rising 8.6% YoY.
Imports remained strong too, up 5.4% to RMB32.97 billion yuan. They were dominated by raw materials such as scrap metal, plastics and sawn timber. However, a standout was integrated circuits, which came in at RMB1.28 billion yuan, up 39.1% YoY. Auto parts and accessories was also noteworthy, up 19.4%.