Guangdong - Net Outflow of Goods and Services

Net Export of Goods and Services refers to the exports of goods and services subtracting the imports of goods and services. Exports include the value of various goods and services sold or gratuitously transferred by resident units to non-resident units. Imports include the value of various goods and services purchased or gratuitously acquired resident units from non-resident units. Because the provision of services and the use of them happen simultaneously, the acquisition of services by resident units from abroad is usually treated as import while the acquisition of services by non-resident units in this country is usually treated as export. The exports and imports of goods are calculated at FOB.