海关总署：前11个月我国货物贸易进出口增长3.6%

Core Viewpoint - China's total goods trade value reached 41.21 trillion yuan in the first 11 months of 2025, reflecting a year-on-year growth of 3.6% [1] Trade Performance - Exports amounted to 24.46 trillion yuan, increasing by 6.2% - Imports totaled 16.75 trillion yuan, with a modest growth of 0.2% - In November, trade value rebounded to 3.9 trillion yuan, growing by 4.1% [1] Trade Composition - General trade and processing trade saw growth, with general trade at 26.04 trillion yuan (up 2.1%, 63.2% of total trade) and processing trade at 7.74 trillion yuan (up 7.3%, 18.8% of total trade) [1] - Bonded logistics contributed 5.92 trillion yuan (up 5.5%, 14.4% of total trade) [1] Trade Partners - ASEAN emerged as the largest trading partner, with a total trade value of 6.82 trillion yuan (up 8.5%, 16.6% of total trade) - The EU followed as the second-largest partner, with trade at 5.37 trillion yuan (up 5.4%, 13% of total trade) - Trade with the US decreased by 16.9% to 3.69 trillion yuan (8.9% of total trade) [2] - Trade with Belt and Road countries totaled 21.33 trillion yuan, growing by 6% [2] Enterprise Contributions - Private enterprises contributed 23.52 trillion yuan (up 7.1%, 57.1% of total trade) - Foreign-invested enterprises accounted for 12.07 trillion yuan (up 3.5%, 29.3% of total trade) - State-owned enterprises saw a decline to 5.53 trillion yuan (down 8.6%, 13.4% of total trade) [3] Export Composition - Mechanical and electrical products represented over 60% of exports, totaling 14.89 trillion yuan (up 8.8%, 60.9% of total exports) - Notable growth in integrated circuits (25.6% increase to 1.29 trillion yuan) and automobiles (17.6% increase to 896.91 billion yuan) [4] - Labor-intensive products decreased to 3.7 trillion yuan (down 3.5%, 15.1% of total exports) [4] Import Trends - Major commodity import prices fell, with iron ore imports at 113.9 million tons (up 1.4%, average price down 9.4%) - Crude oil imports increased to 52.2 million tons (up 3.2%, average price down 12.1%) - Imports of mechanical and electrical products grew to 6.69 trillion yuan (up 5.5%) [5]