Over the past decade, Guangdong has witnessed substantial foreign trade growth with Belt and RoadInitiative (BRI) partnercountries. The province's import and export volume toBRIcountries increased from1.92 trillion RMB in 2013to over3 trillion RMB in 2022 for the first time,up56.3percent, according to the latest statistics released by the Guangdong Sub-administration of GACC.

This year marksthe 10th anniversaryof theBelt and Road Initiative(BRI). And the third Belt and Road Forum for International Cooperationkicked off in Beijing on October 17.

From 2013 to 2022, Guangdong's imports and exports with ASEAN countriessuch asVietnam grew rapidly. ASEAN has become the province's largest trading partner. The foreign trade volume rose from634.33 billion RMB in 2013 to 1.35 trillion RMB in 2022, up 113 percent over the past ten years.

During the same period, the import and export trade with emerging economies like the Middle East and Russia went up42.5percentand 115.6percentrespectively.

From the perspective of commodity structure, exports have become more balanced.The four main exported products are telephones,home appliances, clothing and accessories, and computersandspare parts. At the same time, the export ofnewproductsincludinglithium-ion battery, integrated circuitsand droneswasup 1.7percentage points0.3percentage pointsand 0.2 percentage pointsrespectively.

Furthermore, the top three portsfor theimport and export in Guangdong are Shekou Port, Nansha New Port and Shenzhen Bay Port, with a growth rate of144.5 percent, 552.2 percent, and 904.3 percent respectively over the past ten years.

In the first eight months of 2023, Guangdong's imports and exports with BRIcountries registered 1.96 trillion RMB, up 3.9 percent year-on-year.

According to the GACC authorities,BRIhas yielded fruitful resultssince its implementationand playsan importantroleinthetrade facilitationforcountries and regions along the routein the past decade.