上市企业：中成股份（000151），远大控股（000626），厦门信达（000701），凯瑞德（002072），江 苏国泰（002091），怡亚通（002183），鹏都农牧（002505），五矿发展（600058），苏豪弘业 （600128），东方创业（600278），江苏舜天（600287），ST沪科（600608），苏美达（600710）， 云维股份（600725），汇鸿集团（600981），中信金属（601061） 相关报告：智研咨询发布的《2025-2031年中国数字贸易行业竞争策略研究及未来前景展望报告》 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 2025年1-7月，内蒙古自治区进出口总额（海关口径）为1197.5亿元，比上年同期增长1.6%，其中出口 额为469.16亿元，同比增长4.4%，进口额为728.31亿元，同比下滑0.1%，贸易逆差为259.15亿元。 2019-2025年1- ...

Core Insights - The U.S. trade deficit widened to $78.3 billion in July, significantly higher than the revised $59.1 billion in June and above market expectations [1] - Analysts attribute the increase in the trade deficit to U.S. companies importing goods and materials ahead of new tariffs announced by President Trump, leading to a four-month high in the trade deficit [1] - The anticipation of new tariffs also resulted in a substantial increase in gold shipments, further contributing to the rise in total imports [1] Import and Export Data - In July, U.S. imports amounted to $358.8 billion, a month-on-month increase of 5.9%, while exports were $280.5 billion, showing a slight increase of 0.3% [1] - The goods trade deficit increased by $18.2 billion to $103.9 billion, while the services trade surplus decreased by $1.1 billion to $25.6 billion [1] - The total trade deficit for goods and services rose by 32.5% month-on-month to $78.3 billion [1] Year-to-Date Trade Performance - Year-to-date, the U.S. trade deficit for goods and services has increased by $154.3 billion compared to the same period in 2024, representing a 30.9% rise [1] - Exports have increased by $10.3 billion, a growth of 5.5%, while imports have surged by $257.5 billion, reflecting a 10.9% increase [1]

Core Insights - The Shenzhen-Argentina Investment and Trade Promotion Conference successfully took place, facilitating communication and cooperation between Chinese and Argentine enterprises [1][2] - The event gathered over 60 political and business elites from both countries to discuss Argentina's investment environment, trade policies, and industrial cooperation opportunities [1] - Various cooperation intentions were reached, particularly in the fields of Argentine wine and agricultural products, laying a foundation for future collaboration [1][2] Investment Environment and Policy Support - The conference provided insights into the Argentine government's policies supporting foreign investment and highlighted the country's industrial advantages [1] - Practical information regarding legal regulations, financial taxation, and company establishment in Argentina was shared to assist Chinese enterprises in their international expansion [1] Business Networking and Opportunities - A dedicated tasting area for Argentine wine and beef attracted numerous business representatives, facilitating one-on-one and group discussions on import-export trade and agricultural investments [2] - Several Shenzhen technology companies, food importers, and financial institutions established preliminary connections with speakers, covering diverse cooperation areas such as meat imports and cross-border financial services [2] Future Prospects - The event is seen as a new starting point for ongoing exchanges and cooperation between Chinese and Argentine enterprises, aiming to help Shenzhen companies seize market opportunities in Argentina [2] - The Shenzhen Qianhai "Going Global" service platform, launched in July 2024, aims to provide comprehensive support for enterprises venturing abroad, including policy information and market analysis [4] - The platform has served over 800 companies and attracted more than 200 professional service providers, creating a service ecosystem for the entire lifecycle of international business [4]

Core Viewpoint - Hong Kong's export value increased by 12.7% year-on-year in the first seven months of this year, leading to an upward revision of the export growth forecast from 3% to a range of 7% to 9% by the Hong Kong Trade Development Council [1] Group 1: Export Performance - The export performance in the first seven months exceeded expectations, primarily driven by advanced shipping strategies [1] - The current export confidence index rose from 49.6 to 53.3, while the expected index increased from 49.0 to 54.3, indicating a recovery in exporter confidence due to easing global trade tensions [1] Group 2: Future Outlook - Despite the positive performance, caution is advised as the effects of advanced shipping strategies may diminish in the coming months [1] - The global trade system is becoming increasingly fragmented, with potential for rising tariffs and heightened supply chain risks, which could lead to a sharp slowdown in trade activities by 2026 [1] - Approximately 64% of surveyed companies expect their net profit margins to increase or at least remain stable despite the challenging trade environment projected for 2025 [1]

进口激增主要受到工业用品进口增长至四个月以来的最高点的推动。消费品进口也有所攀升，除汽车外 的资本设备进口更是取得今年以来的最大增幅。 此外，今年贸易数据的月度大幅波动同样给美国政府的经济活动衡量指标——国内生产总值(GDP)带来 了类似的波动性。在特朗普政府与多家重要贸易伙伴达成协议后，企业对进口关税的了解更加清晰。不 过，特朗普政府与中国的贸易谈判仍在继续。美国联邦巡回上诉法院上周裁定，特朗普实施的大部分加 征关税措施非法。法院表示，这些加征关税措施可以维持到10月14日，以便美国政府向最高法院上诉。 特朗普已向最高法院提出上诉。 7月份的报告显示，美国与中国的商品贸易逆差六个月来首次扩大;与墨西哥的逆差小幅扩大;与加拿大 的商品贸易逆差在6月份降至2020年以来最小值后，在7月份也有所扩大。 由于企业在美国总统特朗普公布对全球贸易伙伴的新关税之前争相进口商品和原材料，美国7月份的贸 易逆差扩大至四个月高点。美国商务部周四公布的数据显示，商品和服务贸易逆差较前一个月增加近 33%，达到783亿美元，高于经济学家的预期中值780亿美元。其中，7月份进口额环比增长5.9%，为今 年以来最大增幅;出口额则环比小 ...

Core Insights - The U.S. trade deficit in July surged to a four-month high, primarily due to businesses stockpiling goods and raw materials ahead of new tariffs announced by President Trump [1][3] - The trade deficit expanded nearly 33% from the previous month to $78.3 billion, slightly above economists' median forecast of $78 billion [1][3] Group 1: Import and Export Data - July imports increased by 5.9%, marking the largest rise since the beginning of the year, while exports saw a slight uptick [3][4] - The surge in imports reflects U.S. companies' urgency to stockpile goods before the implementation of "reciprocal tariff rates" on countries without trade agreements with the U.S. [3][4] Group 2: Specific Import Trends - The increase in imports was broad-based, with industrial goods reaching a four-month high and consumer goods also rising [4] - Capital equipment imports, excluding automobiles, recorded the largest increase since the beginning of the year [4] - A significant rise in non-monetary gold imports contributed to the surge in industrial goods imports [4] Group 3: Trade Deficit with Major Partners - The trade deficit with major partners generally widened, with the deficit with China expanding for the first time in six months [4] - The deficit with Mexico slightly increased, while the deficit with Canada also grew after hitting a low in June [4] - Adjusted for inflation, the goods trade deficit expanded to $100.1 billion in July, following a record high earlier in the year [4]

Core Viewpoint - The Hong Kong Trade Development Council has raised its export growth forecast for the year from 3% to a range of 7% to 9% due to a strong performance in the first seven months of 2023, which saw a year-on-year growth of 12.7% [1][3]. Group 1 - The increase in export growth forecast is attributed to companies adopting early shipments and a "rush to export" strategy [1][3]. - The trade environment remains uncertain due to high tariffs imposed by the U.S. on several major trading partners starting in August and the increasing fragmentation of the global trade system [1][3]. - The export confidence index among Hong Kong exporters rose from 49 points in the previous quarter to 54.3 points in the third quarter of this year, indicating improved optimism about industry prospects [1][3]. Group 2 - Exporters express optimism regarding market prospects in mainland China, ASEAN, the EU, and Japan [1][3].

Core Insights - Australia's merchandise trade surplus reached approximately AUD 7.31 billion (about CNY 34.16 billion) in July 2025, an increase of approximately AUD 1.944 billion compared to the adjusted surplus in June [1] - The market had previously anticipated a surplus of around AUD 5 billion for July [1] Trade Data Summary - Seasonally adjusted merchandise exports in July increased by approximately 3.3% month-on-month, totaling about AUD 46.017 billion [1] - Merchandise imports decreased by approximately 1.3% month-on-month, amounting to about AUD 38.707 billion [1] Export Breakdown - Rural goods exports rose by approximately 5.9% month-on-month, reaching about AUD 6.631 billion [1] - Non-rural goods exports increased by approximately 1.9% month-on-month, totaling about AUD 33.059 billion [1] - Net exports of goods under merchanting remained stable at approximately AUD 82 million [1] - Non-monetary gold exports increased by approximately 8.3% month-on-month, reaching about AUD 6.246 billion [1] Non-Rural Goods Export Details - Metal ores and minerals exports grew by approximately 1.5% month-on-month, totaling about AUD 13.82 billion [2] - Coal, coke, and briquettes exports increased by approximately 1.6% month-on-month, reaching about AUD 5.58 billion [2] - Other mineral fuels exports rose by approximately 5.1% month-on-month, amounting to about AUD 6.693 billion [2] - Exports of metals excluding non-monetary gold increased by approximately 7.4% month-on-month, totaling about AUD 1.794 billion [2]

Group 1 - The core viewpoint of the news is that Lansheng Co., Ltd. experienced a stock price increase of 5.64% on September 4, reaching 13.11 yuan per share, with a trading volume of 311 million yuan and a turnover rate of 3.35%, resulting in a total market capitalization of 9.643 billion yuan [1] - Lansheng Co., Ltd. is primarily engaged in import and export trade, with its main business revenue composition being: exhibition organization 46.40%, exhibition support services 21.71%, exhibition hall operation services 19.01%, event activities 11.53%, and others 1.34% [1] Group 2 - Among the top ten circulating shareholders of Lansheng Co., Ltd., a fund under Huatai-PineBridge Fund ranks first, with the China Securities Shanghai State-Owned Enterprises ETF (510810) increasing its holdings by 666,900 shares in the second quarter, now holding 3.8614 million shares, accounting for 0.52% of circulating shares [2] - The China Securities Shanghai State-Owned Enterprises ETF (510810) was established on July 28, 2016, with a latest scale of 7.942 billion yuan, and has achieved a year-to-date return of 5.51% [2] Group 3 - The fund manager of the China Securities Shanghai State-Owned Enterprises ETF (510810) is Wu Zhenxiang, who has a cumulative tenure of 15 years and 215 days, with the fund's total asset scale at 18.478 billion yuan [3] - During Wu Zhenxiang's tenure, the best fund return was 177.69%, while the worst return was -31.53% [3]

Core Insights - The article highlights the operational launch of the Neijiang International Logistics Port's dedicated railway line, which enhances the logistics capabilities and foreign trade potential of Neijiang [2][5][6]. Trade and Economic Performance - From January to June, local enterprises in Neijiang achieved a total import and export volume of 1.656 billion yuan, marking an increase of 11.7 percentage points compared to the previous year [8]. - The total foreign trade volume from January to July reached 7.759 billion yuan, with a year-on-year growth of 61.4%, and exports alone amounted to 6.508 billion yuan, reflecting a 62.5% increase [5][6]. Infrastructure Development - The new railway line connects the Chengyu Railway and the Neiliu Railway, effectively integrating the logistics resources of the Western Land-Sea New Corridor, thus acting as a catalyst for Neijiang's foreign trade development [5][6]. - The logistics port aims to create a multi-modal transport network, enhancing the efficiency of goods movement and expanding its global market reach [6]. Policy Support and Initiatives - Neijiang has implemented a series of policies to support economic growth, including measures to promote international trade and provide financial subsidies for export credit insurance [9]. - The local government has organized trade promotion activities in countries like Indonesia and Laos, resulting in signed import agreements worth 950 million yuan [9]. Industry and Product Expansion - Neijiang's products, including agricultural specialties and machinery, have gained traction in international markets, with significant exports to countries such as Thailand and the European Union [7][8]. - The local government is actively facilitating the participation of enterprises in international trade fairs, which has led to the acquisition of orders worth 150 million yuan [9]. Strategic Positioning - Neijiang's geographical advantage as a key node in the Western Land-Sea New Corridor is being leveraged to enhance its logistics and trade capabilities, fostering a more open economic environment [6][10].