出口两位数增长，“上海智造”秀出全球实力

Core Viewpoint - Shanghai's foreign trade demonstrates resilience, with a total import and export value exceeding 4.5 trillion yuan in 2025, marking a year-on-year growth of 5.6% [3][5]. Group 1: Trade Performance - In 2025, Shanghai's exports grew by 10.8%, while imports increased by 1.8%, outperforming national averages by 1.8 and 4.7 percentage points respectively [3][5]. - The growth in Shanghai's foreign trade has added over 1 trillion yuan compared to the end of the 13th Five-Year Plan in 2020, equivalent to adding a new largest trading partner [3][5]. - Exports to ASEAN and Belt and Road countries increased by 26.5% and 21.9% respectively, highlighting the effectiveness of market diversification strategies [5][6]. Group 2: Key Drivers of Growth - Three key foundations underpin Shanghai's trade resilience: market diversification, "intelligent manufacturing" upgrades, and institutional openness [5][6]. - The "new three samples" of high-end manufacturing, including electric vehicles, high-end machine tools, and industrial robots, have shown significant growth, with electric vehicle exports exceeding 100 billion yuan [5][6]. - The number of "billion-dollar trade partners" has expanded to 49, with emerging markets like Africa and India showing double-digit growth rates in trade [5][6]. Group 3: Challenges Ahead - Despite the positive performance, external challenges remain significant, including weak global demand, rising trade protectionism, and geopolitical uncertainties [9][10]. - The potential risks from trade friction with the U.S. and the impact of supply chain adjustments and technology export controls are ongoing concerns [9][10]. - Rising costs and compliance pressures, along with operational constraints in shipping routes, may further squeeze profit margins for exporters [9][10]. Group 4: Strategic Recommendations - Policies should focus on supporting enterprises in deepening their engagement in emerging markets while stabilizing traditional markets [10]. - Continued emphasis on upgrading high-end manufacturing capabilities and fostering new trade formats, such as digital and offshore trade, is essential [10]. - Enhancing trade facilitation measures and optimizing the business environment for cross-border trade will be crucial for maintaining trade resilience in 2026 [10].