Core Viewpoint - Sri Lanka should shift its strategy towards high-value service exports due to structural limitations that hinder the expansion of manufacturing exports despite decades of incentives and free trade agreements [1] Group 1: Export Challenges - The export sector in Sri Lanka faces ongoing challenges that are not only governmental issues but also broader structural challenges within the economy [1] - The India-Sri Lanka Free Trade Agreement has yielded only modest benefits, while the Thailand Free Trade Agreement has not been implemented for various reasons [1] - Existing trade agreements are undermined by high domestic costs, affecting the overall export performance [1] Group 2: Comparative Advantage - Sri Lanka's comparative advantage lies in service sectors such as tourism, IT/BPM, logistics, and shipping rather than in manufacturing [1] - Global apparel giant Uniqlo considered investing in Sri Lanka but required a factory that could employ 10,000 workers, which the country cannot provide [1] - Approximately 70% of inputs for local manufacturing are imported, limiting domestic value addition, whereas service exports like digital and IT services or tourism generate higher foreign exchange inflows [1]

Core Insights - China's foreign trade showed unexpected resilience in the face of U.S. tariffs, with total trade value reaching 37.31 trillion yuan, a 3.6% year-on-year increase [1][2] - Exports to the U.S. declined significantly, dropping 17.1% year-on-year, while exports to the EU and ASEAN countries saw substantial growth [10][19][28] - The overall export growth was supported by diversification into new markets and an increase in high-tech product exports [9][41] Trade Performance - Total trade value for the first ten months of 2025 was 37.31 trillion yuan, with exports at 22.12 trillion yuan (up 6.2%) and imports at 15.19 trillion yuan (essentially flat) [1][2] - Exports to the U.S. fell to 2.52 trillion yuan, a decrease of 17.1%, while exports to the EU rose to 3.30 trillion yuan, an increase of 8.4% [10][19] - Exports to ASEAN countries reached 38.79 trillion yuan, marking a 15.3% increase, surpassing U.S. exports for the first time [28] Monthly Trends - Despite a 0.8% year-on-year decline in October exports, the overall trend for the year showed a V-shaped recovery with significant monthly growth [3][6] - Monthly exports exceeded 2.3 trillion yuan from June to September, with September alone seeing an 8.4% increase [3][6] Market Diversification - The decline in U.S. exports has been offset by increased exports to emerging markets, particularly in Southeast Asia and Africa [9][34] - Exports to Africa surged by 27.2%, with a notable increase in demand for industrial machinery and telecommunications products [34][40] Product Structure - The export structure is evolving, with high-end manufacturing products like industrial robots and new energy vehicles driving growth [41][46] - Exports of mechanical and electrical products accounted for over 60% of total exports, with integrated circuits and automotive exports showing significant increases [46]

近日，海关总署公布今年前10个月外贸数据。一组让人有些"意外"的数据引发网友关注和讨论。 据海关统计，2025年前10个月，我国货物贸易进出口总值37.31万亿元，同比增长3.6%。其中，出口22.12万亿元，增长6.2%；进口15.19万亿元，与去年同 期基本持平。进出口连续9个月保持增长，且规模再创同期历史新高。前10个月累计出口规模亦保持同期历史新高。 恰恰是在今年二季度，当地时间4月9日，美国政府所谓"对等关税"政策正式生效，对贸易伙伴实施10%的"最低基准关税"，并针对中国、欧盟、越南等主 要经济体加征更高税率。此后，中国对美出口连续7个月出现两位数下滑。拉长时间维度，从出口规模来看，我国对美出口水平已经回到7年前的水平。 面对美国政府关税威胁等不确定因素，缘何我国外贸出口不降反升，保持强大韧性？支撑外贸稳步增长的动能是什么？哪些因素对关税形成了对冲效应？ 带着一系列疑问，《每日经济新闻》记者详细梳理了近10年外贸数据，并采访了多位专家和企业，详解中国对美出口大幅下滑，但出口总量依旧保持强劲 增长势头背后的秘密。 | 我国外贸"此消彼长" | | | | | | --- | --- | --- | ...

Core Viewpoint - China's foreign trade has shown resilience despite challenges such as increased tariffs from the U.S., with total trade value reaching 37.31 trillion yuan in the first ten months of 2025, a year-on-year increase of 3.6% [2][4]. Trade Performance Overview - Total import and export value for the first ten months of 2025 was 37.31 trillion yuan, with exports at 22.12 trillion yuan (up 6.2%) and imports at 15.19 trillion yuan (essentially flat) [2][3]. - Exports to the U.S. saw a significant decline, with a total of 2.52 trillion yuan, down 17.1% year-on-year [3][11]. Export Trends - Export growth has exhibited a "V-shaped" recovery throughout the year, with quarterly growth rates increasing from 1.3% in Q1 to 6% in Q3 [4][7]. - Despite a 0.8% decline in October exports, the overall trend remains positive, with monthly exports consistently exceeding 2.3 trillion yuan in the latter half of the year [4][10]. Regional Trade Dynamics - Exports to the EU increased significantly, with a total of 4.88 trillion yuan in the first ten months, marking a 4.9% increase [18][20]. - Exports to ASEAN countries have surpassed those to the U.S., with a total of approximately 2.69 trillion yuan, reflecting a robust growth trend [24][27]. - Exports to Africa have also surged, reaching about 1.3 trillion yuan, a 27.2% increase year-on-year, with several months showing over 30% growth [28][31]. Product Structure and Innovation - The export structure is evolving, with high-tech products and industrial machinery becoming significant contributors to growth, including a 54.9% increase in industrial robot exports and an 89.4% increase in new energy vehicle exports [36][42]. - The share of mechanical and electrical products in total exports exceeds 60%, with integrated circuits and automotive exports showing notable growth [42].

环球时报消息，在中美双方于上周就解决各自关切的经贸问题达成联合安排后，多家美国媒体也在陆续刊 发报道，复盘中美这一轮博弈。 其中，美国有线电视新闻网（CNN）就在一篇11月2日的文章中，引用中国海关总署的官方数据制作了4张 简单的图表，并以此直观地呈现出了两个大国在博弈时，发生了哪些变化。 CNN称，虽然中国对美国的出口额随着特朗普第二个任期的到来同比出现下降，但中国与其他市场的贸易 同期都在增加，这也令中国在对美出口总额同比下降的情况下，今年截至9月的出口总额仍实现了6.1%的 增长。 CNN首先拿出的，是2024年9月到今年9月间，美国在中国出口贸易中所占比例的走势图。CNN称，这张图 表反映出在美国总统特朗普第二次上台后，中国对美国市场的依赖程度正在下降。 "与1年前的15%相比，如今美国占中国出口贸易的10%左右。"CNN写道。 CNN接下来呈现的图表，是横向对比去年9月到今年9月中国对美国、欧盟以及东盟的出口数据。 CNN呈现的第三张图表和第四张图表，则是中国进口美国大豆和牛肉的情况，统计范围是去年1月至今年9 月。这两张图表的共性是，中国很快就找到了替代美国相关农产品的来源，比如巴西、澳大利亚以及 ...

Core Insights - Turkey's total goods and services exports reached a record high of $390 billion as of October 29, surpassing the initial target for the year [1] - The export structure has diversified significantly from agricultural products to higher value-added industries such as automotive, home appliances, and defense [1] - Turkey's share of global exports is projected to reach a historical high of 1.07% in 2024, up from 0.55% in 2002 and an average of 0.38% from 1980 to 2000 [1] Export Performance - Goods exports amounted to $270 billion, exceeding the annual target set at the beginning of the year [1] - Turkey has achieved annual exports exceeding $1 billion to 53 countries and set historical highs in 60 countries [1] - The number of export companies in Turkey has surpassed 180,000 [1]

Core Insights - Canada is shifting its trade focus away from the U.S. due to increasing protectionist policies and the need to diversify its export markets [1][4][6] - The Canadian government has announced a reduction in tariffs on certain imports from China, signaling a willingness to adjust trade relations with its second-largest trading partner [3][8] - The goal is to double exports to non-U.S. markets over the next decade, potentially generating an additional 300 billion CAD in revenue [4][6] Trade Relations with China - Canada has revised its import tax exemptions for certain steel and aluminum products from China, effective October 15, 2023, with details to be released on November 5, 2023 [3] - The bilateral trade volume with China is projected to reach 118.7 billion CAD in 2024, highlighting the importance of this relationship [3] - Previous high tariffs imposed on Chinese electric vehicles and steel led to retaliatory measures affecting Canadian agricultural exports, particularly canola [3][8] Export Strategy - The Canadian government aims to increase exports to non-U.S. markets, recognizing the vulnerabilities of over-reliance on the U.S. market [4][6] - Prime Minister Carney emphasized that the era of close economic ties with the U.S. has ended, and Canada must seek new opportunities [1][4] - The strategy includes maintaining a balance in relations with both the U.S. and China, while reducing structural dependence on the U.S. [6][8] Economic Implications - The shift in trade strategy is a response to the economic pressures faced by Canadian industries due to U.S. tariffs [1][6] - Canada is pursuing a dual strategy of enhancing cooperation with China while maintaining a delicate balance with the U.S. to safeguard its core interests [8] - The effectiveness of this approach will depend on Canada's ability to navigate its relationships with both superpowers while ensuring economic stability [8]

Core Insights - The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has raised its economic growth forecast for the region to 2.4% for 2025, maintaining a 2.3% growth forecast for 2026, with increased trade with China being a significant factor [1][2] Economic Growth Projections - ECLAC's upward revision reflects an improvement in the external environment affecting the region's economy, with major trading partners performing better than previously expected [1] - For South America, the growth forecast for 2025 is now 2.9%, up from the previous estimate of 2.7%, driven by increased trade with China and a rebound in prices of precious metals and other natural resources [1] - Central America and Mexico are expected to grow by 1.2%, slightly higher than before, mainly due to improved international trade conditions [1] - The Caribbean region (excluding Guyana) has a slightly raised growth forecast of 1.9%, benefiting from strong performance in the tourism sector [1] Recommendations for Regional Countries - ECLAC calls for regional countries to maintain macroeconomic stability, enhance productivity, promote export diversification, expand intra-regional trade, and encourage sustainable investment [2] - The importance of international cooperation and multilateralism is emphasized for consolidating economic recovery and mitigating geopolitical fragmentation [2]

Core Viewpoint - The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has raised its economic growth forecast for the Latin America and Caribbean region to 2.4% for 2025, while maintaining the 2026 growth forecast at 2.3% [1][2]. Economic Growth Projections - The 2025 growth forecast for South America has been increased to 2.9%, up from the previous estimate of 2.7% in August, driven by increased trade with China and a rebound in prices of precious metals and other natural resources [1]. - Central America and Mexico are expected to see a growth of 1.2% [1]. - The Caribbean region (excluding Guyana) has a slightly raised growth forecast of 1.9%, primarily benefiting from better-than-expected performance in the tourism sector [1]. External Environment and Risks - The upward revision reflects a more favorable external environment impacting the region's economy, although multiple downward risks remain, such as slower-than-expected global inflation decline, potential severe adjustments in international financial markets, and rising fiscal sustainability pressures in developed economies [1]. Recommendations for Regional Countries - ECLAC calls for regional countries to maintain macroeconomic stability, enhance productivity, promote export diversification, expand intra-regional trade, and encourage sustainable investment [1]. - The organization emphasizes the importance of international cooperation and multilateralism in consolidating economic recovery momentum and mitigating geopolitical economic fragmentation [1].

印度政府采取的措施不仅限于市场多元化，还包括改善国内运输物流和贸易基础设施、刺激国内市场需 求、支持中小企业发展。这一系列操作让关税冲击的负面效应被迅速吸收。印度的出口商正在学习如何 在政策压力下生存和繁荣，而这些能力将成为长期竞争优势。美国的单边保护主义制造了问题，却意外 激发了印度的应对智慧和市场弹性。 在这个过程中，印度的应对策略展现出高度韧性。对美出口下降，是挑战，也是机会。对全球市场的积 极开拓，正在逐渐减轻对美市场依赖的风险。印度的出口组合变得更均衡，也更抗冲击。特朗普的"关 税攻势"，在全球贸易格局的复杂博弈中，被印度巧妙地转化为新的增长引擎。 文︱陆弃 八月底开始，美国对印度开出了50%的关税"巨炮"，目标直指新德里购买俄罗斯石油。逻辑很直接：你 买了俄罗斯油，美国就要让你出口市场受挫。贸易数据像一面镜子，照出政策冲击的威力——过去四个 月，印度对美出口从88亿美元跌到55亿美元，降幅高达37.5%。数字闪烁着红色警报，让人以为印度经 济会立刻陷入寒冬。 然而，现实却不完全如特朗普预期的那般冷酷。印度经济不仅没有被打趴下，反而在风雨中悄悄开出了 新的出口花朵。出口商支持政策、市场多元化战略，以 ...