Core Viewpoint - The World Trade Organization predicts a 0.2% decline in global merchandise trade volume this year, while China's foreign trade shows resilience with a 2.9% year-on-year growth in the first half of the year, reaching a record high for the same period [1] Group 1: Trade Performance - In the first half of the year, China's goods trade import and export reached 21.79 trillion yuan, marking a historical high for the same period [1] - The container throughput at Ningbo-Zhoushan Port exceeded 21.048 million TEUs, a year-on-year increase of 9.8%, also setting a historical record for the same period [7] Group 2: Market Dynamics - The North American shipping route experienced a significant increase in freight rates due to a "space shortage" following the Geneva trade talks, which later stabilized as shipping companies increased capacity [3] - The U.S. "reciprocal tariffs" led to a 20.8% year-on-year decline in China-U.S. trade in the second quarter, but trade volume rebounded in June, with import and export values rising from less than 300 billion yuan in May to over 350 billion yuan [5] Group 3: Market Diversification - China's exports to traditional markets like the EU, Japan, and the UK maintained growth, while exports to emerging markets such as ASEAN, Central Asia, and Africa saw double-digit growth [7] - In the first half of the year, trade with countries involved in the Belt and Road Initiative reached 11.29 trillion yuan, a year-on-year increase of 4.7%, accounting for 51.8% of China's overall foreign trade [11] Group 4: Adaptation and Innovation - Foreign trade companies are adapting by developing new products tailored to domestic market needs, as seen in the case of a water pump business shifting focus to domestic markets [9] - The continuous expansion of high-level opening-up policies and a solid industrial foundation are aiding companies in exploring new markets [13]
变局中挖增量 新局中育商机：中国外贸逆势增长2.9%，乘风破浪底气足
Yang Shi Wang·2025-07-19 03:10