South China’s Guangdong province’s total trade with the Hong Kong Special Administrative Region totaled 470.77 billion yuan ($65.64 billion) in the first five months of 2025, marking a year-on-year increase of 7.8 percent, official data showed on Monday.

Guangdong’s exports to the SAR reached 445.28 billion yuan, up 6.7 percent compared to the same period last year while imports from Hong Kong amounted to 25.49 billion yuan, reflecting a 31.1 percent year-on-year increase, according to the Guangdong Sub-Administration of the General Administration of Customs of the People's Republic of China.

Guangdong remained Hong Kong’s largest trading partner on the Chinese mainland, accounting for 50 percent of the mainland’s total trade with the SAR. Conversely, Hong Kong ranked as Guangdong’s second-largest trading partner, contributing 12.6 percent to the province’s total trade volume.

In terms of trade forms, general trade amounted to 132.67 billion yuan, accounting for 28.2 percent of the total trade value. Processing trade and bonded logistics reached 195.12 billion yuan and 140.85 billion yuan, respectively.

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Regarding the types of enterprises, private enterprises in Guangdong posted a trade value of 227.73 billion yuan with Hong Kong, a robust year-on-year growth of 11.4 percent. Foreign-invested enterprises followed with 220.29 billion yuan, an increase of 1.2 percent, while state-owned enterprises recorded 14.68 billion yuan, up 2.8 percent. These three sectors accounted for 48.4 percent, 46.8 percent, and 3.1 percent of the total trade value, respectively.

Official data also showed electronic components, computers and their parts, and electrical equipment remained key export commodities, contributing a total of 333.7 billion yuan—an increase of 3.7 percent—and accounting for 74.9 percent of Guangdong’s total exports to Hong Kong.

Gold and horse-related trade also stood out during the period. Guangdong imported gold worth 19.65 billion yuan from Hong Kong, a significant rise of 40.3 percent, and which made up 77.1 percent of the province’s total imports from the SAR. Additionally, Guangdong imported horses valued at 640 million yuan from Hong Kong.

Official data showed that Guangdong’s total trade value with Hong Kong reached 1.14 trillion yuan in 2024, increasing 3.1 times since 1997, when Hong Kong returned to the motherland.