10月进出口数据点评：10月出口同比增速显著加快

Export Performance - In the first ten months of 2024, China's total import and export value reached $5.07 trillion, a year-on-year increase of 3.7%[2] - Exports amounted to $2.93 trillion, reflecting a year-on-year growth of 5.1%, which is an increase of 0.8 percentage points compared to previous values[2] - October exports saw a significant year-on-year increase of 12.7%, marking the highest growth rate in nearly two years[2] Trade Partners - ASEAN remains China's largest trading partner, with exports to ASEAN totaling $472.6 billion, accounting for 16.1% of total exports and a year-on-year growth of 10.8%[3] - Exports to the EU reached $428.12 billion, representing 14.6% of total exports, with a year-on-year growth of 1.9%[3] - Exports to the US were $427.78 billion, also 14.6% of total exports, with a year-on-year growth of 3.3%[3] Product Categories - Exports of transportation equipment, including ships and automobiles, showed a year-on-year growth of 72.5% and 18.6%, respectively, although these figures represent a decline from previous months[4] - Electronic products maintained strong performance, with exports of LCD panels, data processing equipment, and audio-video equipment growing by 12.3%, 9.2%, and 5.0% year-on-year, respectively[4] Risks and Considerations - Potential risks include changes in monetary policy from developed economies and increased volatility in overseas markets[4]