Core Viewpoint - China's foreign trade shows steady growth in the first four months of the year, with a total import and export value of 14.14 trillion yuan, reflecting a year-on-year increase of 2.4% in yuan terms and 1.3% in dollar terms, indicating a recovery in the economy [1][2]. Trade Performance - In April, China's import and export value reached 3.84 trillion yuan, with a year-on-year growth of 5.6%. Exports saw a slight decline in growth rate to 9.3%, while imports turned from a decline to a growth of 0.8% [1][2]. - The export of mechanical and electrical products increased by 9.5%, accounting for over 60% of total exports. Key products such as automatic data processing equipment, integrated circuits, and automobiles saw growth rates of 5.6%, 14.7%, and 4% respectively [2]. - The import of crude oil increased by 0.5%, while imports of iron ore, coal, natural gas, soybeans, and refined oil saw a decrease, with overall prices (excluding refined oil) declining [2]. Trade Methods and Entities - General trade saw a year-on-year growth of 0.6%, making up 64% of total foreign trade. Processing trade and bonded logistics trade grew by 6.6% and 7% respectively [3]. - Private enterprises accounted for 8.05 trillion yuan in imports and exports, a year-on-year increase of 6.8%, representing 56.9% of total foreign trade, marking a 2.3 percentage point increase from the previous year [3]. - Foreign-invested enterprises experienced a year-on-year growth of 1.9%, accelerating by 1.5 percentage points compared to the first quarter [3]. Trade Partners - Trade with neighboring countries reached 5.1 trillion yuan, a year-on-year increase of 5.1%, with growth accelerating by 1.6 percentage points compared to the first quarter. Notably, trade with ASEAN and Central Asian countries grew by 9.2% and 9.9% respectively [3]. Industry Analysis - The proportion of high-tech industries in exports has increased, enhancing resilience against external pressures such as tariffs. The focus on market diversification and the development of new business models like cross-border e-commerce is crucial for maintaining market share [4]. - The resilience of Chinese exports is attributed to three factors: the increased share of high-tech industries, the dominant role of private enterprises in responding quickly to global market demands, and the proactive expansion into neighboring markets [4].

Group 1 - The total value of China's goods trade in the first four months of this year reached 14.14 trillion yuan, a year-on-year increase of 2.4%, with exports at 8.39 trillion yuan (up 7.5%) and imports at 5.75 trillion yuan (down 4.2%) [1] - In April, the total value of goods trade was 3.84 trillion yuan, showing a year-on-year growth of 5.6%, with exports at 2.27 trillion yuan (up 9.3%) and imports at 1.57 trillion yuan (up 0.8%) [2] - The resilience of foreign trade is reflected in the growth of high-value-added products, particularly in the machinery and electronics sector, where exports of automatic data processing equipment, integrated circuits, and automobiles increased by 5.6%, 14.7%, and 4% respectively [2] Group 2 - Private enterprises accounted for 56.9% of China's total foreign trade in the first four months, with imports and exports reaching 8.05 trillion yuan (up 6.8%) [3] - The export value of private enterprises was 5.47 trillion yuan (up 8.1%), representing 65.1% of total exports, while imports were 2.58 trillion yuan (up 4.2%), accounting for 45% of total imports [3] - Policies such as export tax rebates, trade facilitation, and cross-border logistics support have contributed to stabilizing business confidence and enhancing the international competitiveness of products [3]

本报西宁5月7日讯（记者石晶）西宁海关日前举行新闻发布会透露，一季度，青海省进出口总值18.8亿 元，同比增长87.8%，增速居全国前列。 全省进出口市场呈现多元化趋势。青海依托资源优化布局新能源产业，新能源产品成为外贸增长主动 力。一季度，全省锂电池出口6.3亿元，同比增长69.2倍，占全省出口总值的38%，增速居全国第一。 多晶硅与光伏组件协同深耕国际市场。青海依托盐湖资源与清洁能源禀赋，构建光伏产业跨境供应体 系。一季度，光伏产业相关产品出口大幅增长，其中，多晶硅出口2.4亿元，同比增长3.5倍，出口值占 同期全国同类出口商品的69.3%，居全国第一；光伏组件出口3047.6万元，同比增长1.2倍。 （文章来源：经济日报） 不久前，一架装载1975公斤冰鲜虹鳟鱼的航班从西宁曹家堡机场起飞，经广州转关出口至泰国曼谷。目 前，青海产冰鲜虹鳟鱼已实现多个国家和地区当日抵达，青海冷水鱼年出口量从500吨增长到超5000 吨。西宁曹家堡机场海关监管科科长陈兆权介绍，机场海关持续优化通关服务保障，设立空运出口专 用"绿色通道"，指定业务骨干作为联络员，加强与货主、报关、物流单位联系配合，实现转关出口零延 迟。 今年 ...

Economic Performance - Guangdong achieved a GDP of 33,525.51 billion yuan in Q1 2025, reflecting a year-on-year growth of 4.1% at constant prices [1] - The province's foreign trade reached 21.4 trillion yuan in Q1 2025, a 4.2% increase compared to the same period last year, surpassing the national growth rate of 2.9% [1] Industrial Growth - The industrial added value above designated size grew by 3.9% year-on-year in Q1, with March showing a growth of 5.5% [2] - Key industries such as computer, communication, and other electronic equipment manufacturing saw an increase of 6.6%, while electrical machinery and equipment manufacturing grew by 8.4% [2] New Economic Drivers - Advanced manufacturing and high-tech manufacturing added value increased by 5.9% and 5.3% respectively, outpacing the overall industrial growth [2] - Production of high-tech products surged, with new energy vehicles, lithium-ion batteries for energy storage, industrial robots, and service robots increasing by 29.9%, 83.5%, 31.3%, and 10.8% respectively [2] Consumer Confidence - The total retail sales of consumer goods rose by 2.5% year-on-year in Q1, with March showing a growth of 5.8% [2] - Per capita disposable income reached 15,421 yuan, marking a nominal growth of 4.8% year-on-year, and a real growth of 5.2% after adjusting for price factors [2] Talent Attraction - The 137th Canton Fair attracted 148,585 foreign buyers from 216 countries and regions, a 20.2% increase from the previous year, highlighting Guangdong's appeal in advanced manufacturing [3] - The "Million Talents Gathering in South Guangdong" initiative aims to attract graduates and various talents to work and innovate in the province, showcasing Guangdong's strong employment capacity [3]

在出口产品结构上，深圳的"新三样"产品表现突出，锂电池、电动汽车等增速较快，电子元件等中间品 也保持增长。3月份，深圳出口机电产品1651.7亿元，增长15.3%，占同期深圳出口总值的75.6%。其 中，手机、电脑、家用电器等"老三样"产品合计出口254.3亿元，下降5.2%；"新三样"产品中，锂电池 出口56.8亿元，增长42.8%，电动汽车出口30.4亿元，增长154.3%。 进口方面，集成电路进口占近四成，电脑及其零部件进口大幅增长。3月，深圳进口机电产品1428.6亿 元，增长33.9%，占进口总值的84.8%。其中，集成电路进口652.5亿元，增长13.5%；电脑及其零部件进 口479亿元，大幅增长234.6%；二极管及类似半导体器件进口46亿元，增长14%。同期，黄金和农产品 进口出现下降。 整体来看，2025年3月深圳进出口表现优异，无论是贸易主体的多元发展，还是贸易方式的优化，以及 与不同贸易伙伴的紧密合作和产品结构的升级，都展现出深圳外贸的韧性与潜力。 在拉动深圳外贸增长的众多主体中，民营企业依旧领跑，占据近七成份额。3月，深圳民营企业进出口 2694亿元，增长13.8%，占同期深圳进出口总 ...

Core Insights - Shenzhen's foreign trade showed a "pressured start, with monthly recovery" trend in Q1 2025, with total imports and exports at 990.1 billion yuan, a slight year-on-year decrease of 2.8% [1] - In March 2025, Shenzhen's total imports and exports reached 387.05 billion yuan, a year-on-year increase of 12.3%, outperforming the national average by 6.3 percentage points [1] - Private enterprises accounted for nearly 70% of Shenzhen's foreign trade, with a significant increase in their import and export activities [1] Trade Performance - In Q1 2025, exports were 585.51 billion yuan, down 8.7%, while imports were 404.6 billion yuan, up 7.1% [1] - In March, exports reached 218.53 billion yuan, growing by 8.8%, and imports were 168.52 billion yuan, increasing by 17.2% [1] - General trade accounted for nearly 50% of the total trade, with a notable increase in bonded logistics [1] Trade Partners - Major trade partners in March included Hong Kong, ASEAN, and Taiwan, with respective trade values of 67.99 billion yuan (up 10.6%), 65.99 billion yuan (up 14.1%), and 57.26 billion yuan (up 92.3%) [2] - The EU, the US, South Korea, and Japan also saw increases in trade, with growth rates of 8.7%, 12.1%, 2.5%, and 3.9% respectively [2] - Trade with Belt and Road countries reached 131.24 billion yuan, growing by 8.1% [2] Export and Import Products - In March, the export of electromechanical products was 165.17 billion yuan, up 15.3%, making up 75.6% of total exports [3] - New products like lithium batteries and electric vehicles saw significant growth, with lithium battery exports at 5.68 billion yuan (up 42.8%) and electric vehicle exports at 3.04 billion yuan (up 154.3%) [3] - Imports of electromechanical products were 142.86 billion yuan, up 33.9%, with integrated circuits making up nearly 40% of imports [3]

深圳海关4月22日透露，2025年3月份，深圳进出口3870.5亿元，同比增长12.3%，增速较全国快6.3个百 分点。其中，出口2185.3亿元，增长8.8%；进口1685.2亿元，增长17.2%。面对外部挑战增多，及去年 同期高基数的双重压力，深圳外贸延续强劲增长态势，彰显其内生动力与抗风险韧性。 ...