2024年8月外贸数据点评：出口回升：欧盟贡献大

Export Data - In August 2024, China's total export value increased by 8.7% year-on-year, up from 7.0% in July[1] - The trade surplus expanded to $91.02 billion in August 2024[1] - Exports to the EU grew by 11.8%, contributing 2.0 percentage points to overall export growth[7] Import Data - In August 2024, China's total import value increased by only 0.5% year-on-year, down from 7.2% in July[1] - Imports from the US increased by 12.2%, contributing 0.8 percentage points to overall import growth[12] - The annualized import growth rate for August, excluding base effects, was -3.4%[12] Product Contributions - Mechanical and high-tech products were the main contributors to export growth, with mechanical exports rising by 11.9% and contributing 7.1 percentage points[9] - Integrated circuits showed the best performance in imports, with an 11.1% increase, contributing 1.5 percentage points to overall imports[14] - Most exported products saw positive quantity growth, while price growth remained a drag on overall export performance[10]