#数据 中国11月稀土出口5493.9吨，环比增26.5%，同比增24.4%。外汇交易员 (@myfxtrader):#数据 根据海关总署数据，按人民币计，中国11月出口同比增5.7%，进口同比增1.7%。贸易顺差7925.8亿元（10月为6404.9亿元）。按美元计，中国11月出口同比增5.9%（预期增3.8%）；进口同比增1.9%（预期增3.0%）。贸易顺差1116.8亿美元，预期1001.5亿美元，前值900.7亿美元。 https://t.co/KqkxBVulno ...

#数据 越南：11月出口总额390亿美元，同比增15.1%（预期18.9%）；对美国出口同比增22.5%，前11个月对美国顺差已超去年全年1045亿美元的纪录；-大米出口35.8万吨，同比降49.1%（前11月降7.1%）；-前11月咖啡出口140万吨，同比增14.8%；11月进口总额同比增16.0%（预期17.8%）；工业生产指数同比升10.8%（前值10.8%）;消费者价格同比涨3.58%（预期3.4%）。 ...

Core Insights - Switzerland's trade surplus narrowed to 2.8 billion Swiss francs in September, marking the lowest level since May of this year [1] Import Analysis - Imports surged by 9.4% month-on-month, reaching 19.9 billion Swiss francs, driven primarily by a 34.2% increase in pharmaceutical and chemical products and a 19.5% rise in clothing and jewelry [1] - Notably, imports from Russia skyrocketed by 491.9% year-on-year, while imports from South Korea increased by 245%. In contrast, overall imports from non-Eurozone countries plummeted by 21.4%, indicating a significant shift in import sources [1] Export Analysis - Total exports in September amounted to 22.8 billion Swiss francs, with a month-on-month growth rate slowing to 3.4%. The growth was mainly fueled by vehicle exports (+21.8%), clothing and jewelry (+17.3%), and paper and printing products (+11.4%) [1] - Exports to the United States saw a substantial increase of 44.8%, highlighting strong demand for Swiss high-end manufacturing and luxury goods despite tariff barriers. However, exports to several European and North American markets experienced significant declines: exports to Slovenia fell by 29.6%, to Poland by 24.1%, and to Canada by 18.1% [1]

Trade Performance - China's total goods trade (imports and exports) reached 33.61 trillion yuan, a 4% year-over-year increase for the first three quarters [1] - Exports amounted to 19.95 trillion yuan, showing a 7.1% year-over-year increase [1] - Imports totaled 13.66 trillion yuan, a 0.2% year-over-year decrease [1] - In September alone, total trade volume was 4.04 trillion yuan, an 8% year-over-year increase [1]

Economic Overview - In July, China's total goods import and export amounted to 3.91 trillion yuan, a year-on-year increase of 6.7%, with exports at 2.31 trillion yuan, growing by 8.0% [1][3] - The export growth rate in July continued to rebound for the second consecutive month, increasing by 0.8 percentage points compared to June [1] - Imports also showed significant improvement, with a growth rate increase of 2.4 percentage points from June [1] Export and Import Dynamics - Despite a decline in exports to the U.S. due to tariffs, China's overall export performance remains resilient, with a notable increase in exports to non-U.S. markets [3] - The major categories driving the increase in imports in July included high-tech products, such as aircraft engines and integrated circuits, following the U.S. lifting some export controls [3] Consumer Spending Trends - The total retail sales of consumer goods in July reached 3.88 trillion yuan, with a year-on-year growth of 3.7%, although it saw a month-on-month decline of 0.14% [3][5] - The consumption of key goods, supported by the policy of replacing old appliances, showed significant growth, with categories like home appliances and communication equipment seeing increases of 28.7% and 14.9% respectively [5] Investment Insights - From January to July, fixed asset investment (excluding rural households) totaled 28.82 trillion yuan, with a year-on-year growth of 1.6%, reflecting a decline of 1.2 percentage points compared to the first half of the year [5][6] - Manufacturing investment grew by 6.2%, while infrastructure investment increased by 3.2%, both showing a decrease in growth rate compared to the previous period [5][6] Economic Challenges and Policy Responses - The economic environment remains complex, with external factors such as trade protectionism and extreme weather conditions impacting economic performance [7] - The government is focusing on maintaining stable macroeconomic policies, enhancing flexibility, and promoting domestic demand to support economic recovery [7]

Core Insights - New Zealand reported a trade surplus of 142 million NZD in June, while the 12-month trade deficit reached 4.366 billion NZD [1] - Exports in June totaled 6.63 billion NZD, while imports were 6.49 billion NZD [1]

Core Viewpoint - Argentina's trade surplus in June reached $906 million, exceeding the expected $700 million [1] Summary by Relevant Categories Trade Performance - In June, Argentina's exports totaled $7.27 billion, while imports amounted to $6.37 billion [1]

Trade Performance - China's total goods trade (imports and exports) reached 21.79 trillion yuan, a 2.9% year-over-year increase [1] - Exports hit a record high of 13 trillion yuan, up 7.2% year-over-year [1] - Imports totaled 8.79 trillion yuan, a 2.7% year-over-year decrease [1] Growth Trend - In June, imports and exports all achieved positive year-over-year growth, with accelerating growth rates [1]

Core Insights - Brazil's trade surplus narrowed to $5.889 billion in June, below the expected $6.200 billion [1] - Exports in June decreased to $29.147 billion, exceeding the forecast of $28.550 billion [1] - Imports rose to $23.257 billion in June, higher than the anticipated $22.600 billion [1]

Group 1 - Argentina's unemployment rate for the first quarter is 7.9% [1] Group 2 - In May, Argentina reported a trade surplus of $608 million, which was below the expected surplus of $1.05 billion [2] - Exports in May totaled $7.095 billion, while imports were $6.488 billion [2]