Core Insights - China's total goods trade value for the first ten months of the year reached 37.31 trillion yuan, reflecting a year-on-year growth of 3.6%, with a slight decrease in growth rate compared to the previous nine months [1] - In October alone, the total trade value was 3.7 trillion yuan, marking a 0.1% increase and maintaining growth for nine consecutive months since February [1] Trade Performance - Exports showed strong momentum, with a total of 22.12 trillion yuan in exports for the first ten months, up 6.2% year-on-year, driven primarily by electromechanical products which grew by 8.7%, contributing 5.2 percentage points to overall export growth [1] - The export of "new three items," railway electric locomotives, and wind power generators saw double-digit growth [1] - Monthly imports also increased steadily, with October imports at 1.53 trillion yuan, a 1.4% year-on-year increase, contributing to a steady rise in cumulative import growth [1] Trade Composition - General trade imports and exports grew by 2.3%, accounting for 63.4% of China's total foreign trade, while processing trade and bonded logistics trade increased by 6.5% and 5.5%, respectively [2] - Private enterprises, which are the backbone of foreign trade, reported imports and exports of 21.28 trillion yuan, a 7.2% increase, representing 57% of total foreign trade, up 1.9 percentage points from the previous year [2] Trade Partners - ASEAN remained China's largest trading partner, with a total trade value of 6.18 trillion yuan, a year-on-year increase of 9.1%, accounting for 16.6% of China's total foreign trade [2] - The EU and the US were the second and third largest trading partners, with trade growth of 4.9% and a decline of 15.9%, respectively [2] - Trade with countries involved in the Belt and Road Initiative totaled 19.28 trillion yuan, reflecting a growth of 5.9% [2]
今年我国进出口连续9个月保持增长
Xin Hua Wang·2025-11-07 08:51