2026年1-2月进出口数据点评:高技术、设备产品维持出口优势
Bank of China Securities·2026-03-10 11:48

Export Performance - In January-February 2026, China's exports increased by 21.8% year-on-year, amounting to $213.62 billion[1] - Imports during the same period rose by 19.8% year-on-year, totaling $191.29 billion[1] - The trade surplus for January-February 2026 was $21.36 billion[1] Monthly Trends - In February 2026, exports surged by 39.6% year-on-year, with a month-on-month decline of 15.9%[1] - Imports in February 2026 grew by 13.8% year-on-year, showing a significant month-on-month decrease of 11.8%[1] Trade Partners - Exports to ASEAN increased by 29.4%, while imports rose by 12.9%, accounting for 16.1% of total trade[1] - Exports to the EU grew by 27.8%, with total trade amounting to $142.24 billion, representing 12.9% of total trade[1] - Exports to the US decreased by 11.0%, with total trade amounting to $86.64 billion, representing 7.9% of total trade[1] Contribution Analysis - ASEAN and EU contributed positively to export growth by 4.8 and 4.1 percentage points, respectively[1] - The negative contribution from US exports to China's overall export growth was reduced to 1.5 percentage points[1] High-Tech Products - High-tech product exports, including integrated circuits and audio-video equipment, saw significant growth rates of 72.6% and 22.8%, respectively[2] - Imports of high-tech products, such as integrated circuits and automatic data processing equipment, increased by 39.8% and 68.7%, respectively[2]

2026年1-2月进出口数据点评:高技术、设备产品维持出口优势 - Reportify