西安对东盟进出口326.9亿元，同比增长33.7%；对韩国进出口279.4亿元；对中国台湾进出口244.1 亿元，同比增长71.3%；对欧盟进出口224.3亿元，同比增长39.5%；对马来西亚进出口172.7亿元，同比 增长50.9%；对中国香港进出口117.2亿元，同比增长16.3%；对美国进出口103.4亿元；对俄罗斯进出口 89.6亿元；对日本进出口70.5亿元；对越南进出口65.6亿元；对澳大利亚进出口50.4亿元，同比增长 50.8%。"同期，西安市对共建'一带一路'国家进出口总值1034.8亿元，占全市进出口总值的54.2%。"关 中海关相关负责人说。 西安市外商投资企业进出口总值1167.7亿元，同比增长11.5%；民营企业进出口总值636亿元，同比 增长3.8%；国有企业进出口总值99.6亿元，同比增长108.3%。 6月17日，记者从关中海关获悉：今年1月至5月西安进出口总值1909.6亿元，同比增长11.5%，增速 高出全国9个百分点。其中，出口总值1335.7亿元，同比增长16.2%；进口总值约574亿元，同比增长 1.8%。 加工贸易进出口总值903.7亿元，同比增长0.2%，占全市进 ...

Group 1 - The total import and export value of Weifang City reached 153.94 billion yuan in the first five months of 2025, an increase of 5.1% compared to the same period last year [1] - Exports amounted to 104.25 billion yuan, growing by 4.8%, while imports were 49.69 billion yuan, increasing by 5.7% [1] - Private enterprises accounted for over 80% of the total import and export value, with foreign investment and state-owned enterprises also experiencing double-digit growth [1] Group 2 - The export of electromechanical products accounted for nearly half of the total exports, with a value of 50.03 billion yuan, growing by 11.4% [2] - Key products such as diesel engines and agricultural machinery saw significant growth, with exports of 1.74 billion yuan and 1.66 billion yuan, respectively, increasing by 36.3% and 27.8% [2] - The import of crude oil and electromechanical products also grew rapidly, with crude oil imports reaching 23.53 billion yuan, up by 28.1% [2]

智通财经6月16日电，印度5月出口额同比下降2.2%，进口额同比下降1.7%。 ...

据南宁海关统计，2025年前5个月，广西进出口3236.4亿元，同比增长14.8%。其中，出口1990.7亿元， 增长26.6%；进口1245.7亿元，与去年同期基本持平。 ...

Export Performance - In May 2025, exports increased by 4.8% year-on-year, down from 8.1% in the previous month[1] - Traditional consumer goods exports showed stabilization at low levels, with footwear, toys, luggage, and clothing down by -7.9%, -4.5%, -12.1%, and -0.5% respectively[5] - Mechanical and electrical products exports were strong, with an overall year-on-year growth of 8.1% in May 2025[5] Import Trends - Imports decreased by 3.4% year-on-year, worsening from a decline of 0.2% in the previous month[1] - Agricultural product imports rose significantly by 4%, driven by increased soybean imports from South America, while crude oil and natural gas imports fell by -19.4% and -17.1% respectively[5] Regional Export Dynamics - Exports to the US saw a significant decline of -34.5%, while exports to the EU, ASEAN, and other regions showed positive growth rates of 12%, 14.8%, and 6.2% respectively[5] - The reliance on Chinese imports for essential goods in the US remains high, with 46.8% classified as "just-in-time" goods[5] Future Outlook - New export orders are expected to reflect in June, as there is typically a one-month lag in the impact of new orders on export figures[5] - The potential impact of the new US customs system on indirect trade with China remains a point of interest, as non-US export growth remains robust[5]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - A-share major indices generally rose, with the Shanghai Composite Index breaking through 3400 points. The three major indices rose and then fell. The trading volume of the Shanghai and Shenzhen stock markets significantly declined. Most industry sectors rose, with non-ferrous metals and agriculture, forestry, animal husbandry and fishery sectors strengthening significantly, while the medicine, biology, communication, and beauty care sectors declined against the market. - Domestically, in terms of the economic fundamentals, on the price front, in May, the domestic CPI changed from an increase to a decrease month-on-month, and the year-on-year decline remained the same as last month. The year-on-year decline of PPI further widened, and the CPI - PPI gap widened compared to last month, indicating that future prices still face certain pressure. On the trade front, affected by tariff policies, the scale of China's import and export trade further shrank in May. On the policy front, on June 10th (UK local time), the first meeting of the China-US economic and trade consultation mechanism entered its second day, starting in the morning and continuing after lunch. The market expects further relaxation of trade relations. - Overall, although the signs of further relaxation of China-US trade relations are beneficial to the market in the short term, domestic deflation pressure still exists, and imports and exports are weak under the impact of tariffs. The economic fundamentals are relatively pressured, limiting the upward space of the market. The market is currently in a policy vacuum period, with limited incremental funds, making it difficult to support the significant strengthening of large-cap blue-chip stocks with large market values. Technology stocks mainly composed of small and medium-cap stocks are currently undervalued and are expected to make up for the increase in the short term. - In terms of strategy, it is recommended to temporarily wait and see for unilateral trading, and for arbitrage, one can try to go long on IC/IM and short on IF/IH [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market Data - **Futures Contract Prices**: The prices of IF, IH, IC, and IM main and sub-main contracts generally rose. For example, the IF main contract (2506) was at 3878.8, up 34.4; the IH main contract (2506) was at 2682.4, up 21.0; the IC main contract (2506) was at 5761.2, up 42.8; and the IM main contract (2506) was at 6144.0, up 38.4 [2]. - **Futures Price Spreads**: The spreads between different futures contracts showed various changes. For example, the IF - IH current - month contract spread was 1196.4, up 15.4; the IC - IF current - month contract spread was 1882.4, up 5.2; the IM - IC current - month contract spread was 382.8, down 12.8 [2]. - **Futures Time - Spread**: The time - spreads between different quarters and the current month of futures contracts also changed. For example, IF current - quarter minus current - month was - 66.6, up 0.6; IH current - quarter minus current - month was - 38.4, down 1.6; IC current - quarter minus current - month was - 182.8, unchanged; IM current - quarter minus current - month was - 256.6, up 1.6 [2]. - **Futures Net Positions**: The net positions of the top 20 in IF, IH, IC, and IM all increased. For example, the IF top 20 net position was - 27,522.00, up 968.0; the IH top 20 net position was - 12,941.00, up 1318.0; the IC top 20 net position was - 6,184.00, up 973.0; the IM top 20 net position was - 35,743.00, up 2167.0 [2]. - **Spot Prices and Basis**: The spot prices of the Shanghai and Shenzhen 300, Shanghai 50, CSI 500, and CSI 1000 all rose, and the basis of the corresponding futures main contracts also changed. For example, the Shanghai and Shenzhen 300 was at 3894.63, up 29.2, and the IF main contract basis was - 15.8, up 8.6 [2]. 3.2 Market Sentiment Data - **Market Trading Volume and Balance**: The A - share trading volume decreased, with the daily trading volume at 12,866.77 billion yuan, down 1647.60 billion yuan. The margin trading balance increased, with the previous - trading - day balance at 18,169.95 billion yuan, up 8.68 billion yuan. The north - bound trading volume increased, with the previous - trading - day total at 1579.54 billion yuan, up 166.58 billion yuan [2]. - **Fund Flows and Other Indicators**: The main - force funds showed a net outflow, with a net outflow of 565.78 billion yuan yesterday and a decrease of 21.92 billion yuan today. The proportion of rising stocks increased, with the daily proportion at 63.03%, up 39.75 percentage points. The Shibor decreased slightly, with the daily rate at 1.361%, down 0.001 percentage point [2]. - **Option - Related Data**: The closing price of the IO at - the - money call option (2506) increased, with a closing price of 23.80, up 9.80. The implied volatility of the IO at - the - money call option decreased, at 12.25%, down 0.12 percentage points. The closing price of the IO at - the - money put option (2506) decreased, at 42.40, down 24.40. The implied volatility of the IO at - the - money put option increased, at 12.25%, up 0.66 percentage points [2]. 3.3 Industry News - **Economic Data**: In May, China's CPI decreased by 0.1% year - on - year, the same as the previous month, and decreased by 0.2% month - on - month, changing from an increase to a decrease. PPI decreased by 3.3% year - on - year, with the decline further widening compared to the previous month. In the first five months of 2025, China's total import and export value of goods trade was 17.94 trillion yuan, a year - on - year increase of 2.5%. In May, China's total import and export value of goods trade was 3.81 trillion yuan, a year - on - year increase of 2.7%, but the scale further shrank under the impact of tariff policies [2]. - **Policy News**: On June 10th (UK local time), the first meeting of the China - US economic and trade consultation mechanism entered its second day, starting in the morning and continuing after lunch [2].

韩国6月1-10日出口同比增长5.4%，进口增长11.5%。 ...

韩国海关：韩国6月1日至10日出口同比增长5.4%，进口同比增长11.5%。 ...

Export Performance - In May 2025, China's exports reached $316.1 billion, a year-on-year increase of 4.8%, down 3.3 percentage points from April's 8.1% growth[2][3] - The decline in export growth is attributed to high base effects, seasonal factors, and a slowdown in global trade demand, with the global manufacturing PMI dropping to 49.6[3][4] - High-tech products contributed more significantly to export growth compared to labor-intensive products, with high-tech exports growing by 4.9%[12][14] Import Trends - Imports in May 2025 totaled $212.88 billion, a year-on-year decrease of 3.4%, falling short of the expected 0.3% growth[2][16] - The decline in imports is influenced by weak domestic demand and falling prices of bulk commodities, with significant drops in iron ore (down 12.5%) and coal (down 38.7%) imports[16][18] - High-end manufacturing imports, such as automatic data processing equipment and rubber, showed strong growth, increasing by 47.6% and 40% respectively[16][18] Trade Balance - The trade surplus for May 2025 was $103.22 billion, an increase from the previous month's surplus of $96.18 billion[2] Market Outlook - Future export growth is expected to be supported by the release of previously accumulated orders following the Geneva talks, with a focus on diversifying markets in ASEAN, Africa, and the Gulf Cooperation Council[19][20] - Despite the current resilience in exports, long-term pressures remain due to high tariffs and ongoing trade tensions, particularly with the U.S.[20][24]

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The Sino - US trade relationship shows signs of further easing, which is short - term positive for the market. However, domestic deflation pressure still exists, and imports and exports are weak under tariff impacts. The economic fundamentals are under pressure, limiting the upside space of the broader market. The market is in a policy vacuum period with limited incremental funds, making it difficult for large - cap blue - chip stocks to perform strongly. Small and medium - cap technology stocks with low valuations are expected to rise in the short term. For strategies, it is recommended to wait and see on the long - short single - side trades and try the arbitrage strategy of going long IC/IM and short IF/IH [2] 3. Summary by Related Catalogs 3.1 Futures Disk - IF main contract (2506) is at 3867.8, up 14.0; IF next main contract (2509) is at 3802.4, up 21.4. IH main contract (2506) is at 2676.6, up 3.8; IH next main contract (2509) is at 2641.4, up 6.0. IC main contract (2506) is at 5766.4, up 45.8; IC next main contract (2509) is at 5584.6, up 54.2. IM main contract (2506) is at 6167.8, up 73.6; IM next main contract (2509) is at 5912.6, up 77.2 [2] - IF - IH current - month contract spread is 1191.2, up 9.4; IC - IF current - month contract spread is 1898.6, up 28.6. IM - IC current - month contract spread is 401.4, up 26.6; IC - IH current - month contract spread is 3089.8, up 38.0. IM - IF current - month contract spread is 2300.0, up 55.2; IM - IH current - month contract spread is 3491.2, up 64.6 [2] - IF quarterly - current month is - 65.4, up 6.6; IF next - quarter - current month is - 97.8, up 11.6. IH quarterly - current month is - 35.2, up 2.0; IH next - quarter - current month is - 34, up 4.2. IC quarterly - current month is - 181.8, up 8.4; IC next - quarter - current month is - 306, up 11.6. IM quarterly - current month is - 255.2, up 4.2; IM next - quarter - current month is - 432.6, up 6.6 [2] 3.2 Futures Position - IF top 20 net position is - 28,228.00, up 443.0; IH top 20 net position is - 12,105.00, down 123.0. IC top 20 net position is - 7,964.00, down 1837.0; IM top 20 net position is - 29,143.00, up 174.0 [2] 3.3 Spot Price - CSI 300 is at 3885.25, up 11.3; IF main contract basis is - 17.4, up 1.1. SSE 50 is at 2686.83, down 2.0; IH main contract basis is - 10.2, up 5.0. CSI 500 is at 5805.65, up 43.6; IC main contract basis is - 39.3, down 2.6. CSI 1000 is at 6218.96, up 66.1; IM main contract basis is - 51.2, up 1.5 [2] 3.4 Market Sentiment - A - share trading volume (daily, billion yuan) is 13,126.55, up 1354.42; margin trading balance (previous trading day, billion yuan) is 18,085.96, down 30.84. North - bound trading volume (previous trading day, billion yuan) is 1249.86, down 171.83; reverse repurchase (maturity, operation volume, billion yuan) is 0.0, up 1738.0 [2] - Main funds (yesterday, today, billion yuan) are + 3.93, down 265.05. MLF data is not provided. The proportion of rising stocks (daily, %) is 76.13, up 28.09; Shibor (daily, %) is 1.378, down 0.033 [2] - IO at - the - money call option closing price (2506) is 23.00, up 1.60; IO at - the - money call option implied volatility (%) is 12.06, down 0.43. IO at - the - money put option closing price (2506) is 52.40, down 10.20; IO at - the - money put option implied volatility (%) is 11.92, down 0.05 [2] - CSI 300 index 20 - day volatility (%) is 9.24, up 0.02; trading volume PCR (%) (6.6) is 54.89, down 2.38; position PCR (%) (6.6) is 67.17, down 0.13 [2] 3.5 Wind Market Strength - Weakness Analysis - All A - shares score is 7.30, up 2.50; technical aspect score is 7.60, up 2.80; capital aspect score is 7.00, up 2.20 [2] 3.6 Industry News - In May, China's CPI decreased by 0.1% year - on - year (same as the previous value) and 0.2% month - on - month (previous value was a 0.1% increase). PPI decreased by 3.3% year - on - year (previous value was a 2.7% decrease) and 0.4% month - on - month (same as the previous value) [2] - In the first five months of 2025, China's total goods trade import and export value was 17.94 trillion yuan, a 2.5% year - on - year increase. Exports were 10.67 trillion yuan, a 7.2% year - on - year increase; imports were 7.27 trillion yuan, a 3.8% year - on - year decrease. In May, the total goods trade import and export value was 3.81 trillion yuan, a 2.7% year - on - year increase. Exports were 2.28 trillion yuan, a 6.3% year - on - year increase; imports were 1.53 trillion yuan, a 2.1% year - on - year decrease [2] - A - share major indices generally closed higher. The three major indices opened and rose in the morning and maintained high levels in the afternoon. The Shanghai Composite Index once reached 3400 points. Small and medium - cap stocks outperformed large - cap blue - chip stocks. The Shanghai Composite Index rose 0.43%, the Shenzhen Component Index rose 0.65%, and the ChiNext Index rose 1.07%. Trading volume in the Shanghai and Shenzhen stock markets increased. Most industry sectors rose, with the pharmaceutical and biological sector strengthening significantly, and only the food and beverage sector falling against the market [2] 3.7 Key Data to Watch - China's May financial data is to be determined on 6/11 at 20:30. US May CPI and core CPI will be released on 6/11 at 20:30. US May PPI, core PPI and the number of initial jobless claims for the week ending June 7 will be released on 6/12 at 20:30 [3]