锐财经丨外贸韧性活力持续彰显

Core Insights - China's total import and export value reached 41.21 trillion yuan in the first 11 months of 2025, reflecting a year-on-year growth of 3.6% [1] - Exports amounted to 24.46 trillion yuan, increasing by 6.2%, while imports were 16.75 trillion yuan, with a modest growth of 0.2% [1] Trade Structure Optimization - The trade structure is continuously improving, with general trade and processing trade showing growth. General trade reached 26.04 trillion yuan, up 2.1%, accounting for 63.2% of total foreign trade [3] - Processing trade grew by 7.3% to 7.74 trillion yuan, making up 18.8% of the total [3] - Trade with ASEAN and EU increased, with ASEAN being China's largest trading partner at 6.82 trillion yuan, a growth of 8.5% [3] - Private enterprises' imports and exports reached 23.52 trillion yuan, up 7.1%, representing 57.1% of total foreign trade [3] Policy Support - Various supportive policies are being implemented to enhance foreign trade resilience, such as optimizing origin visa facilitation for the new energy and intelligent connected vehicle industry [5] - Shanghai's Songjiang District is encouraging the development of new foreign trade formats, including cross-border e-commerce and fashion consumer goods trade [5] Market Outlook - Market analysts express optimistic expectations for future foreign trade growth, citing November's rebound in export growth as a positive indicator [6] - The resilience of China's exports is attributed to the flexibility and pressure resistance of private enterprises, alongside the ongoing transformation and upgrading of the manufacturing sector [7] - The implementation of policies aimed at expanding green trade is expected to provide further support for stable foreign trade development [7]