Core Insights - Guangdong's foreign trade import and export reached 5.4 trillion RMB in the first seven months of the year, growing by 4.3% year-on-year, which is 0.8 percentage points faster than the national average, accounting for 21% of the national total [1] Group 1: Trade Performance - Exports totaled 3.44 trillion RMB, an increase of 1.7%, while imports reached 1.96 trillion RMB, growing by 9.3% [1] - The import of electromechanical products significantly contributed to trade growth, with imports amounting to 1.37 trillion RMB, a 17.4% increase, making up 70% of total imports [1] - Key imports included integrated circuits (718.18 billion RMB, +15.2%), computers and components (220.23 billion RMB, +60%), and semiconductor manufacturing equipment (49.49 billion RMB, +48.7%) [1] Group 2: Export Dynamics - The export of electromechanical products rose to 2.33 trillion RMB, a 7.4% increase, representing 67.8% of total exports, up 3.6 percentage points from the previous year [2] - Notable export growth was seen in computers and components (252.14 billion RMB, +12.5%), electrical equipment (245.16 billion RMB, +18%), and integrated circuits (202.88 billion RMB, +30.9%) [2] - Labor-intensive product exports decreased by 9.2% to 428.97 billion RMB, accounting for 12.5% of total exports [2] Group 3: Trade Partners - ASEAN emerged as Guangdong's largest trading partner with trade reaching 889.23 billion RMB, a growth of 5.8% [3] - Hong Kong ranked second with 675.48 billion RMB in trade, growing by 8.5%, while the EU was third with 643.05 billion RMB, increasing by 7.8% [3] - Trade with countries involved in the Belt and Road Initiative amounted to 2.1 trillion RMB, a 4% increase, representing 39% of Guangdong's total trade [3]

8月12日，南方财经记者从海关总署广东分署获悉，今年前7个月，广东外贸进出口5.4万亿元人民币， 较去年同期（下同）增长4.3%，增速快于全国0.8个百分点，占全国外贸总值的21%。其中，出口3.44万 亿元，增长1.7%；进口1.96万亿元，增长9.3%。 贸易伙伴方面，东盟、中国香港、欧盟等主要贸易伙伴表现良好。前7个月，东盟为广东第一大贸易伙 伴，广东对东盟进出口8892.3亿元，增长5.8%；中国香港为第二大贸易伙伴，进出口6754.8亿元，增长 8.5%；欧盟为第三大贸易伙伴，进出口6430.5亿元，增长7.8%。同期，广东对共建"一带一路"国家进出 口2.1万亿元，增长4%，占广东进出口总值的39%。 值得注意的是，进口机电产品对外贸进出口增长贡献突出。前7个月，广东进口机电产品1.37万亿元， 增长17.4%，占广东进口总值的70%，带动广东整体进口增长11.3个百分点。其中，集成电路、电脑及 其零部件、半导体制造设备分别进口7181.8亿元、2202.3亿元、494.9亿元，分别增长15.2%、60%、 48.7%。同期，粮食、食用水产品、乳品、美容化妆品及洗护用品等民生消费品分别进口243亿 ...

Core Insights - Guangdong's foreign trade achieved a total value of 4.55 trillion yuan in the first half of the year, with a year-on-year growth of 4%, surpassing the national growth rate by 1.1 percentage points, marking eight consecutive quarters of positive growth [4][5]. Trade Performance - The export value reached 2.89 trillion yuan, growing by 1.1%, while imports totaled 1.66 trillion yuan, increasing by 9.5%. All trade metrics set historical highs for the same period [4]. - Guangdong's foreign trade accounted for 20.9% of the national total, an increase of 0.2 percentage points from the previous year, contributing 28% to the national foreign trade growth [4]. Role of Private Enterprises - Private enterprises played a significant role, comprising 64.2% of Guangdong's total foreign trade value, with a total import-export value of 2.92 trillion yuan, reflecting a growth of 4.3% [5]. - The number of foreign trade enterprises in Guangdong reached 130,000, a 7.6% increase, with private enterprises numbering 110,000, up by 8.6% [5]. Trade Partners and Regions - Guangdong's main trading partner, ASEAN, saw an import-export value of 757.13 billion yuan, growing by 5.9%, representing 16.6% of the province's total foreign trade [5]. - Trade with other major partners such as Hong Kong, the EU, Taiwan, Japan, and South Korea also experienced growth, while trade with the U.S. declined by 8.1% [5]. High-Tech Product Exports - High-tech product exports reached 505.43 billion yuan, increasing by 13.3%, with specific categories like machine tools and drones growing by 18.7% and 29.2%, respectively [6]. - Exports of "new three samples" products, which represent green and low-carbon technologies, surged by 28.8% [6]. Import Trends - General trade accounted for 59.2% of the total foreign trade value, with a growth of 2.7%, while bonded logistics and processing trade accounted for 20.1% and 19.7%, respectively [7]. - Consumer goods imports increased by 3.3%, with notable growth in categories such as passenger cars (48.1%), edible oil (39.5%), and dairy products (20.9%) [7].

Group 1 - The China-Turkey procurement matchmaking event for beauty, hairdressing, skincare, and packaging materials was held in Istanbul, organized by the Chinese Ministry of Commerce [1][3] - Over 120 companies from nearly 10 provinces in China, including Guangdong, Shanghai, and Jiangsu, participated in the event, covering an exhibition area of 1,200 square meters [3][5] - The event aims to enhance the integration of Chinese beauty and personal care companies into the Eurasian market, promoting cross-border cooperation and mutual development between Chinese and Turkish enterprises [5] Group 2 - Trade in hairdressing tools between China and Turkey is projected to reach $58.95 million in 2024, marking a year-on-year increase of 34.8% [3] - The trade value of beauty cosmetics and personal care products is expected to reach $46.775 million, with a year-on-year growth of 17.6% [3] - The Turkish International Beauty, Hairdressing, Skincare, and Packaging Exhibition is one of the most renowned events in the beauty industry in Turkey, with a history of twenty years and significant influence across the Middle East and various Asian and European countries [5]

Core Insights - Guangdong's foreign trade import and export reached 3.75 trillion yuan in the first five months of the year, a 4% increase year-on-year, outpacing the national growth rate by 1.5 percentage points [1] - Exports totaled 2.37 trillion yuan, growing by 0.9%, while imports were 1.38 trillion yuan, increasing by 9.7% [1] - In May, Guangdong's import and export value was 790.12 billion yuan, a 0.8% growth, with exports declining by 3.1% [1] Trade Partners - The top three trading partners for Guangdong were ASEAN, Hong Kong, and the EU, with growth rates exceeding the overall growth [1] - In the first five months, trade with ASEAN, Hong Kong, and the EU amounted to 622.63 billion, 470.77 billion, and 441.5 billion yuan, growing by 6.2%, 7.8%, and 7.1% respectively [1] - Despite a 9.6% decline in exports to the US, it remained one of Guangdong's top five trading partners, with total trade value of 378.48 billion yuan [1] Product Structure - The export of electromechanical products increased, accounting for 67.7% of Guangdong's total exports, up 3.7 percentage points from the previous year [2] - In the first five months, Guangdong exported 1.6 trillion yuan worth of electromechanical products, a 6.7% increase [2] - Key exports included computers and components, electrical equipment, and integrated circuits, with growth rates of 16.2%, 15.7%, and 23.1% respectively [2] Import Trends - Electromechanical products accounted for nearly 70% of imports, with a growth rate exceeding 20% [2] - Guangdong imported 965.65 billion yuan worth of electromechanical products, a 20.7% increase [2] - Significant imports included integrated circuits, computers and components, and semiconductor manufacturing equipment, with growth rates of 14.1%, 108.5%, and 52.7% respectively [2]

Core Insights - The import of beauty and cosmetic products in China is facing significant challenges, with a decline in import value despite an increase in quantity in May 2025 [1][4][13] - The total import value of cosmetics for the first five months of 2025 is reported to be the lowest in the past five years, indicating a tough market environment for international beauty brands [9][11] Import Data Summary - In May 2025, the import quantity of cosmetics reached 31,235.3 tons, a year-on-year increase of 7.7%, while the import value was 10.19 billion yuan, showing a decline of 4.9% [1][4] - Cumulatively, from January to May 2025, the import quantity was 142,105.7 tons, an increase of 8.6% year-on-year, but the import value was 50.37 billion yuan, reflecting a slight decrease of 0.2% [3][9] Market Trends - The current market dynamics show a trend where the quantity of imported cosmetics is increasing while the value is decreasing, highlighting a shift in consumer behavior towards more cautious spending [4][14] - International beauty brands are struggling in the Chinese market, with many high-end brands closing stores or exiting the market due to declining consumer confidence and spending [16][20] Consumer Behavior - Consumers are increasingly opting for mid-range and affordable alternatives, leading to a decline in sales for high-end cosmetics [20][21] - The focus on value and quality has become paramount for consumers, prompting international brands to reassess their strategies in the Chinese market [21][22]