观察外贸新亮点·出口新动能托“稳”基本盘 进口回升为内需注入强劲活力

Core Insights - China's goods trade showed steady growth in the first ten months of 2025, with a total import and export value of 37.31 trillion yuan, representing a year-on-year increase of 3.6% [4][21][23] - Exports reached 22.12 trillion yuan, growing by 6.2%, while imports totaled 15.19 trillion yuan [4][23] - The resilience of China's foreign trade amidst external shocks has been highlighted, with nine consecutive months of growth [10][25] Trade Performance - Exports to countries involved in the Belt and Road Initiative increased by 5.9%, totaling 19.28 trillion yuan, accounting for 51.7% of China's total foreign trade [7][27] - Private enterprises contributed significantly, with imports and exports amounting to 21.28 trillion yuan, a year-on-year increase of 7.2% [7] - In October alone, trade reached 3.7 trillion yuan, with exports and imports at 2.17 trillion yuan and 1.53 trillion yuan, respectively [8] Import Dynamics - Key imports such as crude oil and metal ores saw increases of 3.1% and 4.6%, respectively, while the value of electromechanical products imported grew by 5.5%, making up 40% of total imports [4][20] - The import market exhibited characteristics of continuous monthly recovery, steady expansion in quantity, and structural optimization [18][20] - Notably, imports from Latin America, Africa, and Central Asia increased by 1%, 5.2%, and 23.7%, respectively [20] Export Trends - The export of high-tech and high-value-added products has significantly increased, with electromechanical products accounting for over 60% of total exports [13][28] - Products categorized as "new three samples" and high-end equipment have shown rapid growth, indicating a shift from quantity to quality in foreign trade [16][28] Strategic Developments - The recent signing of cooperation agreements with Nordic countries has led to a rapid increase in trade, with 35 types of agricultural and fishery products now exported to China [29] - The successful operation of the China-Europe Railway Express, with over 100,000 trips, underscores the strengthening of trade ties and the stability it brings to the global economy [29]