【新华解读】态势稳、韧性强——解读前10个月我国外贸进出口数据

Core Viewpoint - China's foreign trade demonstrates strong resilience in the face of 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] Group 1: Trade Performance - In October alone, the total import and export value reached 3.7 trillion yuan, marking a growth of 0.1% [1] - Cumulative growth rate slightly decreased by 0.4 percentage points compared to the first nine months, yet monthly imports and exports have maintained growth for nine consecutive months, indicating a stable growth trend in foreign trade [1] Group 2: Supply and Demand Factors - The strong performance of China's foreign trade is attributed to both supply and demand factors. On the supply side, the country is accelerating the development of new productive forces, with new technologies and products emerging, enhancing innovation levels and stimulating foreign trade growth potential [1] - On the demand side, global consumers continue to show strong demand for quality products from various countries, particularly benefiting from the Belt and Road Initiative, which creates favorable conditions for exports [1] Group 3: Export Structure and New Drivers - The structure of foreign trade products is continuously optimizing, with exports of electromechanical products reaching 13.43 trillion yuan, a year-on-year increase of 8.7%, contributing 5.2 percentage points to overall export growth [2] - New products, including green products like electric locomotives and wind turbine generators, have seen double-digit growth rates, indicating a shift towards new, intelligent, and green trade dynamics [2] Group 4: Trade with Belt and Road Countries - In the first ten months, trade with Belt and Road countries totaled 19.28 trillion yuan, growing by 5.9%. ASEAN remains China's largest trading partner, with a year-on-year growth of 9.1% [3] - Imports from Latin America, Africa, and Central Asia have also increased, with growth rates of 1%, 5.2%, and 23.7% respectively [3] Group 5: E-commerce and New Business Models - The acceleration of new business models, particularly in cross-border e-commerce, has become a significant driver of foreign trade growth, with an estimated import and export value of approximately 2.06 trillion yuan in the first three quarters, reflecting a year-on-year increase of 6.4% [3] - Major e-commerce platforms are actively seizing overseas opportunities, with a significant volume of cross-border e-commerce goods being exported [3] Group 6: 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 promote trade innovation and international cooperation [4] - These initiatives are anticipated to provide strong support for the stable development of foreign trade in the next phase [4]