宏观数据观察：10月国内出口增速超预期回升

Group 1: Trade Overview - In October 2024, China's total import and export volume reached $522.398 billion, a year-on-year increase of 6.1%, compared to a previous value of 1.5%[1] - Exports amounted to $309.058 billion, up 12.7% year-on-year, exceeding the expected increase of 5%[2] - Imports were $213.34 billion, down 2.3% year-on-year, slightly worse than the expected decline of 2%[3] Group 2: Trade Surplus and Key Partners - The trade surplus for October was $95.27 billion, higher than the expected $75 billion and the previous value of $81.71 billion, marking a year-on-year increase of 71.35%[4] - ASEAN was the largest trading partner, with a trade volume of $82.1 billion, accounting for 15.71% of total trade, followed by the EU at $64.8 billion (12.4%) and the US at $59.8 billion (11.45%)[5] - The largest export category was electromechanical products, which accounted for 60.8% of total exports, with a year-on-year growth of 13.7%[6] Group 3: Import Dynamics - The largest import category was also electromechanical products, which accounted for 40.53% of total imports, with a year-on-year growth of 2.38%[7] - The main import partner was ASEAN, with imports totaling $34 billion, reflecting a year-on-year decline of 7.33%[8] - The trade deficit was most significant for crude oil, with a deficit of $24.3 billion, a decrease of $1.4 billion from the previous period[9]