基础稳、优势多、韧性强、潜能大 我国进出口连续8个季度同比增长

Core Insights - China's total goods trade value reached 33.61 trillion yuan in the first three quarters of this year, reflecting a year-on-year growth of 4% [1] - Exports amounted to 19.95 trillion yuan, increasing by 7.1%, while imports were 13.66 trillion yuan, showing a slight decline of 0.2% [1] - The resilience and structural optimization of China's foreign trade have been highlighted, with significant contributions from local governments and foreign trade enterprises [1] Trade Performance - In September, the monthly trade value exceeded 4 trillion yuan, reaching a record high of 4.04 trillion yuan, with an annual growth of 8% [1] - The growth rate of imports and exports accelerated each quarter, with increases of 1.3%, 4.5%, and 6% respectively in the first, second, and third quarters [1] - China has achieved continuous year-on-year growth in imports and exports for eight consecutive quarters [1] Export Composition - In September, the proportion of electromechanical products in total exports surpassed 63%, marking a new high [1] - For the first three quarters, electromechanical products accounted for 60.5% of total exports, an increase of 1.4 percentage points year-on-year [1] - High-tech product exports, including electronic information, high-end equipment, and instruments, grew by 8.1%, 22.4%, and 15.2% respectively [1] Market Dynamics - The trade war initiated by the U.S. has been a significant drag on foreign trade, particularly in the first half of the year [2] - Growth in foreign trade has been bolstered by expanding non-U.S. markets, with exports to about 80% of trade partners increasing [2] - Trade with Belt and Road Initiative countries reached 17.37 trillion yuan, growing by 6.2% and accounting for 51.7% of total trade [2] Future Outlook - The foundation for long-term positive trends in foreign trade remains strong, supported by a large market and a complete industrial system [3] - However, uncertainties and challenges are increasing, necessitating continued efforts to stabilize foreign trade in the fourth quarter [3] - Potential future policies may focus on supporting enterprises in exporting and enhancing financial support for export companies [3]