态势稳、韧性强——解读前10个月我国外贸进出口数据

Core Insights - China's foreign trade demonstrates strong resilience despite external shocks, with a total import and export value of 37.31 trillion yuan in the first ten months of the year, reflecting a year-on-year growth of 3.6% [1] - The monthly import and export value in October reached 3.7 trillion yuan, showing a slight increase of 0.1% [1] - The overall growth rate has slightly decreased by 0.4 percentage points compared to the first nine months, but the monthly trade has maintained growth for nine consecutive months, indicating a stable growth trend in foreign trade [1] Group 1: Trade Performance - In the first ten months, China's exports of electromechanical products reached 13.43 trillion yuan, growing by 8.7%, contributing 5.2 percentage points to overall export growth [2] - New products, including "new three samples," railway electric locomotives, and wind power generators, have seen double-digit growth in exports [2] - The manufacturing sector is increasingly expanding into emerging markets, with a more diversified trade partner landscape [2] Group 2: Belt and Road Initiative - Trade with countries involved in the Belt and Road Initiative totaled 19.28 trillion yuan, marking a growth of 5.9% [3] - ASEAN remains China's largest trading partner, with a year-on-year growth of 9.1% in trade with the region [3] - Imports from Latin America, Africa, and Central Asia have increased by 1%, 5.2%, and 23.7%, respectively [3] Group 3: E-commerce and New Business Models - The rise of new business models and e-commerce is becoming a significant driver of foreign trade growth, with cross-border e-commerce exports reaching approximately 2.06 trillion yuan in the first three quarters, a year-on-year increase of 6.4% [3] - Major e-commerce platforms are actively seizing opportunities to expand overseas, particularly during promotional events like "Double 11" [3] Group 4: Policy Support and Future Outlook - Recent policies, including the signing of the upgraded China-ASEAN Free Trade Area 3.0 agreement and the issuance of the first special policy document on green trade, are expected to support trade innovation and international cooperation [4] - The "14th Five-Year Plan" emphasizes market diversification and the integration of domestic and foreign trade, which will further bolster the stability of foreign trade development [4]