今日视点：解锁首破45万亿元外贸的成长密码

Core Insights - In 2025, China's foreign trade reached a record high of 45.47 trillion yuan, marking a 3.8% year-on-year growth and maintaining a growth trend for nine consecutive years [1] Group 1: Trade Structure Changes - The diversification of markets has strengthened China's foreign trade, with trade relations established with over 240 countries and regions, and over 190 of them experiencing import and export growth [1] - The total import and export value with Belt and Road countries reached 23.6 trillion yuan, a 6.3% increase, accounting for 51.9% of total trade, with growth rates exceeding the overall trade by 2.5 percentage points [1] - Exports to emerging markets such as Africa and Latin America grew by 18.4% and 6.5%, respectively, showcasing a strategic approach to reduce dependency on single markets [1] Group 2: Export Structure Upgrade - High-tech product exports increased by 13.2%, significantly outpacing overall export growth, with "new three samples" and wind turbine exports growing by 27.1% and 48.7%, respectively [2] - The export of self-owned brand products rose by 12.9%, with their share in total exports increasing by 1.4 percentage points, indicating a shift towards brand-oriented exports [2] - Equipment manufacturing products accounted for over 59.4% of exports, contributing 5.3 percentage points to overall export growth, reflecting the robust industrial system supporting trade [2] Group 3: Corporate Vitality - In 2025, over 780,000 entities recorded import and export activities, with private enterprises experiencing a 7.1% growth in trade, increasing their share to 57.3% [3] - Private enterprises are agile in responding to emerging market demands and actively engage in cross-border e-commerce, supported by government policies [3] - The Customs General Administration has initiated a special action for cross-border trade facilitation, launching 29 policy measures in 25 cities to enhance trade growth [3] Group 4: Future Outlook - The foundation of China's foreign trade remains solid, with the "14th Five-Year Plan" concluding successfully and the "15th Five-Year Plan" beginning on a positive note [4] - Continued reforms, trade innovations, and the cultivation of core competitiveness are expected to position China favorably in the global trade landscape [4] - The long-term positive economic fundamentals, combined with institutional, industrial, and talent advantages, will drive steady progress in high-quality foreign trade development [4]