Recently, a reporter visited Huangjiang Town in Dongguan, where at the production workshop of Dongguan Ten Tech Composite Technology Co., Ltd., workers were busily and systematically packing and loading a batch of high-performance mountain bike frames into containers, ready for shipment to the European market.
“Currently, the lightest frames used in some race-grade models globally are developed and produced by us,” said Chen Qunhua, the customs affairs manager of Dongguan Ten Tech Composite Technology Co., Ltd. “Our products have been featured in international top-tier events such as the Olympic Games and the Tour de France. Since the beginning of this year, our production lines have been operating at full capacity. In the first eight months of this year, our company's exports of bicycles and related components grew by 21%, and we are highly confident about our future growth momentum.”
According to statistics from Huangpu Customs, in the first eight months of this year, Dongguan’s total foreign trade import and export value reached 1.03 trillion yuan, consistently ranking second in Guangdong Province. This represents a year-on-year increase of 14.6%, outperforming the national growth rate by 11.1 percentage points and the provincial growth rate by 10.4 percentage points. Exports amounted to 629.68 billion yuan, up 9%, while imports reached 395.92 billion yuan, surging 24.9%.
Notably, the monthly export value hit a 35-month high. In August alone, Dongguan’s exports reached 87.36 billion yuan, the highest level since October 2022, maintaining positive year-on-year growth for 15 consecutive months.
General trade and bonded logistics continued to show strong growth. In the first eight months, Dongguan’s general trade import and export value reached 485.93 billion yuan, growing by 20.3%. During the same period, bonded logistics import and export amounted to 270.63 billion yuan, an increase of 18.1%.
Private enterprises have played a significant role in driving foreign trade. In the first eight months, imports and exports by Dongguan’s private enterprises amounted to 642.63 billion yuan, up 22.4%, boosting the city’s overall foreign trade growth by 13.2 percentage points and accounting for 62.7% of Dongguan’s total imports and exports during the period.
Expansion into emerging markets has been fruitful. In the first eight months, Dongguan’s trade with ASEAN countries, India, the Middle East, Mexico, and Brazil grew by 39.5%, 18.8%, 36.2%, 6%, and 6%, respectively, collectively accounting for 27.6% of total trade.
Both imports and exports of electromechanical products achieved double-digit growth. In the first eight months, Dongguan exported electromechanical products worth 439.43 billion yuan, up 13%, representing 69.8% of the city’s total exports; imports of electromechanical products reached 344.6 billion yuan, up 33.6%, accounting for 87% of total imports.
