9月贸易数据分析：出口回落是暂时的

Export Performance - In September, China's export value decreased by 2.4% year-on-year, down from 8.7% in the previous month[4] - Cumulative exports from January to September increased by 4.3% year-on-year[4] - The trade surplus in September was $81.71 billion, compared to $91.02 billion in the previous month[4] Import Trends - September imports grew by 0.3% year-on-year, slightly down from 0.5% in August[4] - Cumulative imports from January to September increased by 2.2% year-on-year[4] Sector Analysis - Cumulative export growth for electromechanical products was 6.1%, accounting for 59.3% of total exports[4] - Cumulative export growth for high-tech products was 4.2%, making up 24.4% of total exports[4] - Automotive exports saw a cumulative year-on-year growth of 20.7%, while integrated circuit exports grew by 19.8%[4] Regional Export Dynamics - Exports to the US decreased by 2.16% year-on-year, down from 4.94%[5] - Exports to the EU fell by 1.32% year-on-year, down from 13.40%[5] - Exports to Japan and South Korea turned negative, with declines of 7.12% and 9.22% respectively[5] Future Outlook - The decline in export growth is considered temporary, with expectations of recovery driven by global demand improvements following interest rate cuts by the Federal Reserve[6] - Monitoring of export price recovery is crucial, as the HS2 export price index remains below 100 at 93.7[4]