国内观察：2024年12月进出口数据：抢出口效应明显，顺差创历史新高

Export Data Highlights - In December 2024, exports reached $335.6 billion, marking the second highest monthly export value in history, just below December 2021's $339.7 billion[3] - Year-on-year export growth for December was 10.7%, up from 6.7% in November, indicating a rebound in export momentum[3] - The trade surplus for December hit a record high of $104.84 billion, driven by strong export performance amid relatively low import growth[3] Import Data Insights - December imports totaled $230.79 billion, reflecting a 1.0% year-on-year increase, a recovery from a decline of 3.9% in November[3] - Despite the increase, the overall import growth for 2024 was only 1.1%, suggesting persistent weakness in domestic demand[3] - Key imports showing positive trends included aircraft, data processing equipment, and rubber, indicating some recovery in specific sectors[3] Market Trends and Risks - The "export rush" phenomenon is expected to continue in the short term, influenced by the impending implementation of Trump's tariff policies[3] - External demand remains resilient, with the US and ASEAN showing notable increases in export growth, while Japan's exports declined significantly[3] - Potential risks include international geopolitical tensions and domestic policy implementation falling short of expectations[3]