In 2021, Guangxi's total import and export volume was 593.06 billion yuan ($93.07 billion), an increase of 22.2 percent over the previous year. Among them, exports were 293.91 billion yuan, an increase of 8.6 percent, while imports were 299.15 billion yuan, an increase of 38.3 percent.

Guangxi's main trade methods maintained growth. In 2021, its general trade and border trade were still its two biggest trade modes, with imports and exports of 184.72 billion yuan and 149.13 billion yuan, up 20.5 percent and 5.9 percent respectively. In addition, its bonded logistics and processing trade grew rapidly, with imports and exports of 142 billion yuan and 114 billion yuan, up 44.8 percent and 21.5 percent respectively.

In terms of foreign trade, Guangxi's private enterprises ranked first. In 2021, the imports and exports of private enterprises were valued at 366.4 billion yuan, an increase of 13.4 percent, accounting for 61.8 percent of the total value of Guangxi's foreign trade imports and exports during this period. In comparison, the imports and exports of foreign-invested enterprises were valued at 103.01 billion yuan, an increase of 31.7 percent, while the imports and exports of state-owned enterprises were valued at 81.62 billion yuan, an increase of 42.7 percent.

Guangxi's emerging markets grew significantly. In 2021, Guangxi's imports and exports to Regional Comprehensive Economic Partnership (RCEP) member countries amounted to 320.91 billion yuan, an increase of 18.9 percent. Among them, its imports and exports to ASEAN countries were valued at 282.12 billion yuan, an increase of 18.8 percent. Its imports and exports to Latin America and Africa also increased by 50.4 percent and 32.1 percent respectively.

Guangxi's exports and imports of high-tech products maintained a positive growth trend. Last year, the export of Guangxi's high-tech products was valued at 88.65 billion yuan, an increase of 34.8 percent, driving Guangxi's foreign trade exports to increase by 8.5 percentage points. Its import of high-tech products was valued at 85.74 billion yuan, an increase of 41.4 percent, driving Guangxi's foreign trade imports to increase by 11.6 percentage points.

In 2021, Guangxi imports and exports to RCEP member countries amount to 320.91 billion yuan. [Photo/WeChat account: gh_df8bc987e060]