对美出口下滑到7年前水平 我国出口总额却创历史新高 “新三样”变成“新N样”

Core Viewpoint - China's foreign trade has shown resilience despite challenges such as U.S. tariffs, with total trade value reaching 37.31 trillion yuan in the first ten months of 2025, a 3.6% year-on-year increase [1][2]. Trade Performance Overview - Total import and export value for the first ten months of 2025 was 37.31 trillion yuan, with exports at 22.12 trillion yuan (up 6.2%) and imports at 15.19 trillion yuan (essentially flat) [1][2]. - Exports to the U.S. saw a significant decline, with a total of 2.52 trillion yuan, down 17.1% year-on-year [2][10]. Export Trends - Export growth has exhibited a "V-shaped" recovery, with quarterly growth rates increasing from 1.3% in Q1 to 6% in Q3 [3][6]. - Despite a 0.8% decline in October exports, the overall trend remains positive with high monthly export levels [3][6]. U.S. Trade Relations - Exports to the U.S. have returned to levels seen in 2018, with a total value of 2.52 trillion yuan in the first ten months of 2025, reflecting a 15.9% decline in total trade with the U.S. [10][12][14]. - The U.S. market now accounts for approximately 9% of China's total trade, down from 14.7% last year [17][18]. EU Trade Relations - Trade with the EU has been robust, with total trade value reaching 4.88 trillion yuan, a 4.9% increase, and exports growing by 8.4% [19][20]. - The growth in exports to the EU has been driven by increased demand for high-tech products and automotive components [28][30]. ASEAN Trade Relations - ASEAN has surpassed the U.S. as China's largest trading partner, with exports to ASEAN countries exceeding those to the U.S. for the first time [31][32]. - Exports to ASEAN countries have shown double-digit growth, particularly to Thailand, Vietnam, and Malaysia [31][32]. African Trade Relations - Exports to Africa have surged, with a total of approximately 1.3 trillion yuan, marking a 27.2% increase year-on-year [37][40]. - The growth is attributed to increased infrastructure projects and demand for Chinese manufactured goods in Africa [42][43]. Export Product Diversification - China's export product structure is evolving, with significant growth in high-tech and high-value products such as industrial robots and electric vehicles [44][46]. - The share of mechanical and electrical products in total exports exceeds 60%, with notable increases in integrated circuits and automotive exports [49][50].