Guangxi's foreign trade climbs steadily in first ten months, three emerging markets drive nearly 90% of growth

Deep News
Yesterday

In the first ten months of 2026, Guangxi's foreign trade totaled 724.41 billion yuan, up 10.9% year on year, according to Nanning Customs. Exports reached 386.31 billion yuan, up 1.3%, while imports came to 338.1 billion yuan, up 24.3% year on year.

Over the period, ASEAN remained Guangxi's largest trading partner, and the three major emerging markets of ASEAN, Latin America and Africa together contributed nearly 90% of the region's foreign trade increment, becoming a key force driving trade growth.

Specifically, Guangxi's trade with ASEAN reached 366.6 billion yuan in the first ten months, up 6.3%. Vietnam ranked first by volume at 276.34 billion yuan; Indonesia, Thailand, Malaysia and Cambodia combined for 76.99 billion yuan in trade, ranking second through fifth.

Meanwhile, Guangxi's trade with other emerging markets showed strong momentum. Trade with Latin America reached 126.8 billion yuan, up 30.1%, with the top three partners — Peru, Brazil and Chile — accounting for 102.38 billion yuan combined. Trade with Africa hit 48.75 billion yuan, growing by more than 30%.

In terms of trade modes, general trade and bonded logistics accounted for over 80% of the total, both posting double-digit growth. In the first ten months, Guangxi's general trade totaled 331.03 billion yuan, up 15.8%, a record high for the same period; bonded logistics trade reached 256.68 billion yuan, up 25.8%. Together, the two lifted Guangxi's foreign trade growth by 15 percentage points during the period.

Exports continued to recover, with monthly growth rising for three consecutive months. In the first ten months, exports of mechanical and electrical products reached 265.14 billion yuan, accounting for nearly 70% of total exports. As cross-border industrial cooperation between China and Vietnam deepened, exports of electronic information intermediate goods hit 79.51 billion yuan, up 41.5%; exports of the "new three" products — electric vehicles, lithium batteries and solar cells — reached 31.07 billion yuan, up 23.2%, with their export destinations expanding to 166 countries and regions. The two categories together boosted export growth by 7.7 percentage points.

Commodity imports strongly supported the surge in inbound trade. In the first ten months, Guangxi imported 70.323 million tons of bulk commodities, up 11.3%, valued at 194.74 billion yuan, or 57.6% of total imports. Aluminum ore imports jumped 1.4-fold, while copper imports soared 1.6-fold, with production capacity coming on stream and downstream demand serving as key drivers.

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