Core Insights - China's foreign trade diversification pattern continues to deepen, with increasing cooperation with Southeast Asia and rapid growth in trade with emerging markets, leading to a more balanced trade partner structure [1][2] Trade Partner Analysis - The report identifies a significant shift in trade partner relationships, with BRICS countries transitioning from "volatile partners" to "developing partners," indicating deepening cooperation with emerging markets [2] - Conversely, Mexico and Canada have shifted from "developing partners" to "volatile partners," reflecting the spillover effects of U.S. tariff policies [2] - South Korea is categorized as a "stable partner," indicating a long-term and stable cooperation between Chinese suppliers and South Korean buyers [2] Trade Volatility Index - The trade volatility index reveals that ASEAN, Australia, and the EU rank as the top three in terms of trade volatility [2] - Categories with the highest increase in volatility include Category 16 (electromechanical), Category 14 (jewelry and precious metals), and Category 18 (optical and medical equipment) [2] - Category 16, which has the highest export total, shows significant volatility in the ASEAN, BRICS, and EU markets, reflecting structural optimization driven by growth [2] - The report highlights that products representing export transformation and upgrading, particularly Categories 16, 17 (transport equipment), and 18, have seen substantial increases in exports to the EU, ASEAN, and BRICS, indicating successful upgrades in China's export product structure [2]