Core Viewpoint - China's foreign trade maintained resilience and vitality in the first three quarters of this year, with a total import and export value of 33.61 trillion yuan, a year-on-year increase of 4% [1] Group 1: Trade Performance - In the first three quarters, exports reached 19.95 trillion yuan, growing by 7.1%, while imports totaled 13.66 trillion yuan, showing a slight decline of 0.2% [1] - The growth rate of imports and exports accelerated quarterly, with increases of 1.3%, 4.5%, and 6% in the first, second, and third quarters respectively, marking eight consecutive quarters of year-on-year growth [2] - Approximately 80% of China's trade partners experienced growth in exports, driven by a complete industrial system, improved innovation levels, and alignment with market demand [2] Group 2: Export Dynamics - High-tech product exports reached 3.75 trillion yuan, growing by 11.9%, contributing over 30% to overall export growth [3] - The export of specialized equipment, automotive, and instrumentation products maintained double-digit growth [2][3] - Self-owned brands accounted for 59.5% and 40.2% of electric vehicle and agricultural machinery exports, respectively, showing significant improvement compared to the previous year [3] Group 3: Import Trends - The decline in import growth was influenced by falling prices of some bulk commodities, although the quantity index for imports increased by 0.6% year-on-year [4] - Imports of crude oil and metal ores rose by 2.6% and 4.2%, respectively, driven by domestic production and consumption demand [4] - The number of imported agricultural and food products increased, with a 9.7% growth in imports from least developed countries with which China has diplomatic relations [5] Group 4: New Growth Points in Foreign Trade - Cross-border e-commerce imports and exports reached approximately 2.06 trillion yuan, growing by 6.4%, with exports at about 1.63 trillion yuan, up by 6.6% [6] - Cultural consumer products, such as trendy domestic goods, have gained popularity overseas, contributing to new highlights in China's foreign trade [6][7] - The customs authority plans to enhance intellectual property protection and optimize the cross-border trade environment to support the growth of these popular products [7]
海关总署发声!下阶段外贸稳定发展有支撑!
券商中国·2025-10-13 07:59