续为“外贸第一城”，深圳稳外贸何以发力

Core Viewpoint - Shenzhen remains the "foreign trade capital" of China, despite a slight decline in import and export totals in the first half of 2025 compared to the previous year, with a total of 2.17 trillion yuan, a year-on-year decrease of 1.1% [1][3][9] Group 1: Trade Performance - Shenzhen's total import and export value for the first half of 2025 was 2.17 trillion yuan, accounting for 9.9% of the national total, with exports at 1.31 trillion yuan and imports at 858.86 billion yuan, showing a 9.5% increase year-on-year [3][10] - Shanghai's foreign trade also showed resilience, with a total of 2.15 trillion yuan in imports and exports, a year-on-year increase of 2.4%, but Shenzhen maintained a slight edge [4][10] - In June 2025, Shenzhen's import and export value reached 397.98 billion yuan, with exports growing by 1.4% and imports by 4.8% [4][10] Group 2: Market Dynamics - The first half of 2025 saw a V-shaped recovery in Shenzhen's foreign trade, with a notable increase in imports and a stabilization in exports after initial declines in January and February [7][9] - High-tech product exports from Shenzhen grew by 8.0% in the first half of 2025, with significant contributions from lithium batteries and electric vehicles [12][13] - The cross-border e-commerce sector in Shenzhen showed remarkable growth, with exports from cross-border e-commerce overseas warehouses increasing by 19.5 times year-on-year [12][14] Group 3: Regional Trade Partners - ASEAN remains Shenzhen's largest trading partner, with significant growth in trade with Hong Kong and Taiwan, which saw increases of 7.2% and 33% respectively [10][12] - Emerging markets are becoming increasingly important, with Shenzhen's exports to countries like Mexico, Brazil, and Saudi Arabia rising [10][12] Group 4: Structural Changes - The import of mechanical and electrical products remains a major component of Shenzhen's trade, with a total export value of 980.29 billion yuan, accounting for 74.9% of total exports [12][14] - Private enterprises play a crucial role in Shenzhen's foreign trade, accounting for nearly 70% of total imports and exports in the first half of 2025 [14]