12月进出口数据点评：外贸力撑“三驾马车”

Trade Performance - December exports increased by 6.6% year-on-year, while imports grew by 5.7%, resulting in a trade surplus of $114.14 billion[2] - For the entire year, exports rose by 5.5%, and imports recorded no growth, leading to a total trade surplus of $1,189.99 billion, marking a historic high[4] Structural Changes - High-end manufacturing and key resource products drove export growth, with significant increases in automotive exports (up 71.7%), integrated circuits (up 47.7%), and rare earths (up 53.3%)[13] - Exports to emerging markets, particularly countries along the Belt and Road Initiative, accounted for 53% of total exports in December, mitigating weak demand from traditional markets like the U.S.[6] Import Dynamics - December imports reached $223.69 billion, reflecting a 5.7% year-on-year increase, driven by seasonal procurement of energy and raw materials[15] - Resource-based imports, including rare earths (up 102.0%) and copper ore (up 33.2%), indicated robust industrial production demand[16] Future Outlook - The external trade environment is expected to remain resilient, with geopolitical factors continuing to reshape trade structures and a focus on bilateral and regional cooperation[5] - Service exports and new trade forms are anticipated to become significant growth drivers in the future[20]