【财经分析】累计增速连续上行，外贸大盘总体稳固——透视前4个月我国进出口数据

Core Viewpoint - China's foreign trade showed a positive trend in the first four months of the year, with a total import and export value of 14.14 trillion yuan, reflecting a year-on-year growth rate of 2.4%, which is an acceleration from the first quarter [1] Group 1: Trade Performance - In April, the total import and export value, export value, and import value all achieved positive year-on-year growth [1] - The export of high-tech products increased by 7.4% in the first four months, accounting for nearly 20% of total exports, contributing 1.3 percentage points to overall export growth [2] - Exports of ships and marine engineering equipment, industrial robots, and wind power generator sets grew by 16.4%, 58.3%, and 45.5% respectively [2] Group 2: Trade Relationships - Trade with neighboring countries increased by 5.1% year-on-year in the first four months, with growth rates accelerating by 1.6 percentage points compared to the first quarter [2] - Trade with ASEAN, China's largest trading partner, and the five Central Asian countries grew by 9.2% and 9.9% respectively [2] Group 3: Private Sector Contribution - The number of private enterprises engaged in import and export activities reached 492,000, an increase of 8.2% year-on-year, accounting for nearly 90% of all enterprises with import and export performance [2] - These private enterprises contributed to a 6.8% growth in total import and export value, representing 56.9% of China's total trade, thus driving an overall increase of 3.7 percentage points in total trade [2] Group 4: Future Strategies - To mitigate the negative impacts of tariffs, the focus will be on market diversification and seizing new opportunities in international trade digitization [3] - A series of supportive policies have been implemented to stabilize foreign trade, including increased support for enterprises affected by tariffs and enhancements to the overseas trade service system [3] - The government aims to expand the coverage of export credit insurance and promote the development of cross-border e-commerce [3]