Core Insights - In July, China's total goods trade value reached 3.91 trillion yuan, a year-on-year increase of 6.7%, marking the highest growth rate of the year [1] - Exports and imports both showed positive growth, with exports at 2.31 trillion yuan (up 8%) and imports at 1.6 trillion yuan (up 4.8%) [1] - The increase in trade is attributed to Chinese companies focusing on expanding non-U.S. market opportunities, significantly supporting overall trade growth [1] - The import of key raw materials like metal ores and crude oil has increased, indicating a rise in domestic production and economic activity [1] Trade Performance Overview - For the first seven months, China's total goods trade value was 25.7 trillion yuan, a year-on-year increase of 3.5%, with exports at 15.31 trillion yuan (up 7.3%) and imports at 10.39 trillion yuan (down 1.6%) [2] - ASEAN, EU, and the U.S. remain China's top three trading partners, with trade growth rates of 9.4%, 3.9%, and -11.1% respectively [2] - Private enterprises played a crucial role in foreign trade, with their imports and exports totaling 14.68 trillion yuan (up 7.4%), accounting for 57.1% of total trade [2] - The trade structure is improving, with high-tech products exceeding 5 trillion yuan in imports and exports, contributing over 40% to overall trade growth [2] Challenges and Outlook - Recent trade agreements between the U.S. and other economies may increase uncertainty in China's foreign trade landscape [3] - Targeted financial support policies for foreign trade enterprises are expected to be introduced to alleviate challenges [3]
外贸韧性跃升 7月进出口增速创年内新高 重要原材料进口增加 显示国内生产活动、经济活动的活跃度上升
Zheng Quan Shi Bao·2025-08-07 18:29