2025年12月进出口数据点评：贸易景气延续高企

Trade Performance - In December 2025, China's export value (in USD) increased by 6.6% year-on-year, continuing from 5.9% in the previous month[2] - Import value (in USD) also rose by 5.7% year-on-year, a significant increase compared to previous months, marking seven consecutive months of positive growth[3] - The trade surplus expanded to $114.14 billion in December 2025, indicating strong external demand and China's competitive export capabilities[4] Regional Contributions - Exports to the European Union surged by 12%, while exports to ASEAN and Africa maintained growth rates around 10%[2] - Exports to the United States continued to decline, with a double-digit decrease observed, reflecting ongoing trade tensions[2] - Notable increases in imports were seen from Brazil (38.6%), Russia (18.9%), and the European Union (17.7%), highlighting robust domestic demand[3] Economic Outlook - The overall trade recovery is supported by strong demand from Europe and other non-U.S. markets, providing a solid foundation for China's economy[1] - The likelihood of continued economic prosperity is high, with external demand expected to remain resilient despite potential short-term market fluctuations[5] - Risks include intensified U.S.-China tensions, geopolitical crises, and unexpected global economic pressures that could impact trade dynamics[6]