Workflow
进出口点评报告:高技术产品出口增长,外贸增速上行

Export Performance - In October 2024, China's total export value reached 309.06billion,markingayearonyearincreaseof12.7309.06 billion, marking a year-on-year increase of 12.7%, which is a significant rise of 10.3 percentage points from the previous month[2] - The increase in exports is attributed to a global economic upturn and rising external demand, particularly in high-tech industries[4] - Exports to major trading partners showed notable growth, with year-on-year increases of 12.7% to the US and EU, 6.8% to Japan, and 15.8% to ASEAN[7] Import Trends - In October 2024, China's total import value was 213.34 billion, reflecting a year-on-year decline of 2.3%, a decrease of 2.6 percentage points from the previous month[8] - The decline in imports is primarily due to a high base effect from the previous year, where imports had significantly increased[8] - Imports from the US, EU, Japan, and ASEAN showed varied performance, with notable declines from the EU and ASEAN, influenced by the high base effect from October 2023[8] Trade Balance - The trade surplus for October 2024 was 95.72billion,anincreasefromthepreviousmonthssurplusof95.72 billion, an increase from the previous month's surplus of 81.71 billion[2] - The overall trade balance reflects a widening gap due to the contrasting trends in export growth and import decline[2] Future Outlook - The report anticipates that the export growth rate may stabilize in 2024, supported by recovering global economies and favorable external demand conditions[10] - For imports, a gradual recovery is expected as domestic economic policies take effect, although challenges remain due to ongoing issues in the real estate market and global trade barriers[11]