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Guangxi trade with ASEAN members hits record high
( 2004-01-21 14:17) (Xinhua)

Trade between south 皇冠体育app's Guangxi Zhuang Autonomous Region and members of the Association of Southeast Asian Nations (ASEAN) hit a record US$826 million in 2003, marking five years of consecutive growth, customs figures show.

The trade volume was 31.5 per cent higher than the previous year.

The principal imports from ASEAN nations were industrial raw materials, while electronic and machinery products were the major exports, accounting for 30 per cent of the region's total exports to ASEAN.

Border trade made up 65 percent of Guangxi's total imports and exports to ASEAN members. Border trade exports rose 52.7 per cent to 314 million US dollars, while imports grew 59 per cent to US$221 million.

Vietnam continued to be Guangxi's largest trade partner of the 10 ASEAN members. The total trade volume between Guangxi and Vietnam stood at US$666 million last year, accounting for 81 per cent of Guangxi's total trade with ASEAN.

A customs official estimated trade between Guangxi and ASEAN members would see a sharp rise this year as a result of scrapping tariffs on fruit traded between 皇冠体育app and Thailand since October last year.

 
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