Export Performance - In 2024, China's total export value increased by 5.9% year-on-year, continuing positive growth, with a 0.5 percentage point acceleration compared to the previous 11 months[4] - December 2024 exports grew by 10.7% year-on-year, a significant increase of 4.0 percentage points from November 2024[4] - The trade surplus for December 2024 reached 7.4 billion from the previous month[4] Trade Partners Contribution - Major trade partners contributed positively to the export growth in December, with a total contribution of 6.5 percentage points, up by 2.0 percentage points from November[2] - The United States contributed 2.2 percentage points to the December export growth, an increase of 1.0 percentage point from November[2] - ASEAN remained China's largest trading partner, with exports to the region growing by 18.9% year-on-year in December[4] Import Trends - In 2024, imports increased by 1.1% year-on-year, with a slight decline of 0.1 percentage points compared to the previous 11 months[4] - December 2024 imports grew by 1.0% year-on-year, improving by 4.9 percentage points from the previous month[4] - The trade surplus for the entire year was $99.216 billion, indicating a strong export performance relative to imports[4] Industry Insights - The automotive supply chain and electromechanical products showed strong export performance, with automotive exports growing by 15.5% year-on-year[4] - High-tech products like integrated circuits and automatic data processing equipment saw export growth rates of 17.4% and 9.9%, respectively, both exceeding the overall export growth rate[4] - The "export rush" to the U.S. has been a significant support for the year-end export growth, reflecting high overseas procurement willingness among U.S. manufacturers[4]
2024年12月进出口数据点评：“抢出口”对上年末出口增速支撑明显
2025-01-14 02:20