2025年，广西贸易方式也"向优"发展，通过持续发展"口岸经济+"，广西加快向"产业枢纽"转型，外贸 的动能更足。其中，广西玉林在新能源材料产业快速发展带动下，外贸进出口额达285.6亿元，增长 67%。 广西商务厅还介绍，2025年，广西实施"工贸强基"工程，强化企业服务保障，促进外向型经济发展。同 时，探索贸易便利化创新改革，梳理出重点服务39个外贸项目，"一企一策"支持重点外贸项目降本增 效，扩大业务的规模，挖掘外贸新增量，推动外贸扩量提质。 广西外贸"量质齐升" 开拓多元化市场成效显著 中新网南宁1月16日电 (林浩)1月16日，广西壮族自治区商务厅表示，广西将持续积极防范化解外部风险 和冲击，全力帮助企业开拓多元化市场、稳订单，提升市场竞争力，促进外贸稳定发展。 南宁海关提供数据显示，2025年，该关持续推进监管服务创新，助力广西克服外部压力加大、内部困难 增多的复杂严峻形势，外贸进出口额达8192.6亿元(人民币，下同)，同比增长8.4%，取得"量质齐升"成 绩单。 作为我国面向东盟开放合作的前沿和窗口，广西积极促进中国—东盟区域经济一体化发展，2025年，广 西贸易伙伴"向广"拓展，多元市场持续 ...

Core Viewpoint - The report from China Merchants Securities forecasts that China's export growth will maintain around 5% by 2026, despite challenges, supported by various factors [1] Group 1: Export Growth Factors - December export growth continues to rebound, with overall export performance significantly better than imports, driven by a more favorable trade environment following the US-China summit in October [1] - The transition of export structure from traditional labor-intensive products to high-value products like integrated circuits, automobiles, and ships is evident, with strong growth in new products compensating for the decline in traditional exports [2] - China's diversification strategy in foreign trade is effective, with strong export performance to the EU and ASEAN, offsetting the significant decline in exports to the US [1][3] Group 2: Export Product Structure - Integrated circuit exports surged over 40% in December, maintaining a growth rate above 20% for nine consecutive months, aided by the easing of semiconductor trade restrictions [2] - Automobile exports saw a substantial increase of approximately 71% in December, driven by competitive advantages in electric vehicles and preemptive shipping to Europe before potential tariffs [2] - Shipbuilding exports continue to grow rapidly, with a 16.2% increase for the year, supported by global fleet renewal and China's production capacity [2] - Traditional labor-intensive product exports remain weak, with textiles, clothing, and other categories experiencing continued low demand [2] Group 3: Export Destination Performance - Exports to the US continued to decline, with a 30% drop in December, marking the ninth consecutive month of double-digit decreases, reflecting cautious purchasing behavior amid inventory adjustments [3] - Exports to Europe maintained growth above 10%, driven by seasonal demand and preemptive actions by importers ahead of new carbon regulations [3] - ASEAN remains China's largest trading partner, with exports to the region showing consistent growth, while exports to Africa have also been robust, maintaining double-digit growth since March 2025 [3] Group 4: Import Trends - Imports have shown positive growth for seven consecutive months, characterized by increased volumes of major commodities like iron ore and crude oil, despite falling prices [4] - Soybean imports continued to grow slightly, contributing to overall import stability, alongside active imports of high-tech intermediate goods driven by domestic industry upgrades [4] - Domestic demand policies aimed at stabilizing growth and expanding consumption have also led to a rebound in imports of consumer goods and production materials [4]

【东盟专线】2025年广西对越南进出口首次突破3000亿元 来源：中国新闻网 编辑：郭晋嘉 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 中新社南宁1月15日电 (刘宇阳)南宁海关15日介绍，2025年，广西外贸进出口8192.6亿元(人民币，下 同)，同比(下同)增长8.4%。其中，广西对东盟进出口4292.2亿元，增长8%，占广西外贸总值的"半壁江 山"；对越南进出口规模首次突破3000亿元。 据介绍，2025年，广西外贸运行稳中向好，增速高于中国外贸整体4.6个百分点。在深化中国—东盟区 域经济一体化方面，广西对印度尼西亚、新加坡、缅甸等东盟国家进出口增速均超四成。同时，广西多 元化市场开拓成效显著，对拉美、中东、欧盟分别进出口1219.5亿元、511亿元、281.5亿元，分别增长 27.4%、21.6%、46.3%。 值得一提的是，进口方面，有色金属、钢铁、石化、粮油等支柱产业带动大宗商品进口1941.6亿元，增 ...

Macro Insights - China's exports showed a year-on-year growth of 6.6% in December 2025, with an annual growth rate of 5.5%, driven primarily by high-tech products, integrated circuits, and automobiles. The outlook for exports remains optimistic despite a high comparative base in 2026, supported by overseas fiscal expansion and alignment of China's advantageous industries with global demand [5] - In the U.S., retail sales data for November 2025 indicated a month-on-month increase of 0.6%, surpassing expectations. The rebound in consumer data is attributed to the resolution of tariff policies and government shutdown impacts, with expectations for significant economic data improvements in Q1 2026 if government operations stabilize [5] Industry Developments - The State Grid of China plans to invest 4 trillion yuan in fixed assets during the 14th Five-Year Plan period, representing a 40% increase from the previous plan. This investment aims to enhance the new power system's industrial chain and supply chain, reinforcing the State Grid's role as an economic stabilizer [6] Company Performance - CITIC Bank reported a slight decline in operating revenue to 212.5 billion yuan for 2025, a decrease of 0.5% year-on-year, while net profit attributable to shareholders increased by 3% to 70.62 billion yuan. The bank's expansion remains steady, with a stable profit growth rate [7] - Li Ning Company announced a low single-digit year-on-year decline in retail revenue for Q4 2025, with offline and online channels experiencing mid-single-digit and flat growth, respectively. The company anticipates new contributions from upcoming Olympic and outdoor series [7]

Core Insights - Anhui Province's foreign trade is projected to exceed 1 trillion yuan for the first time in 2025, reaching 10135.6 billion yuan, a year-on-year increase of 17.3% [1] - The province's exports are expected to be 6823.1 billion yuan, growing by 17.8%, while imports are anticipated to be 3312.5 billion yuan, increasing by 16.2% [1] - Anhui ranks 9th nationally in total foreign trade value and 1st in the central region, with growth rates for total trade, exports, and imports significantly above the national averages [1] Trade Dynamics - The number of foreign trade entities in Anhui has increased to 14890, with 120 enterprises exceeding 1 billion yuan in import and export value [1] - Private enterprises contributed 5191.5 billion yuan to foreign trade, accounting for 51.2% of the total, while state-owned and foreign-invested enterprises contributed 2506.9 billion yuan and 2436.5 billion yuan, respectively [1] Export Structure - The export structure is shifting towards high-end, intelligent, and green products, with high-tech product exports reaching 1598.2 billion yuan, a growth of 16.6% [2] - Exports of self-owned brands are projected at 3483.2 billion yuan, increasing by 13.2%, while automobile exports are expected to reach 122.8 million units, maintaining the top position nationally with a growth of 28.7% [2] Market Expansion - Anhui's trade has seen positive growth with 189 countries and regions, with ASEAN being the largest trading partner, accounting for 1415 billion yuan, a growth of 38.3% [2] - Trade with the EU is expected to total 1394.3 billion yuan, growing by 21.6%, while trade with Belt and Road countries is projected at 5503.3 billion yuan, an increase of 18% [2]

编辑：王姝睿 报告期内，俄出口额减少208亿美元，为约3737亿美元；进口额减少62亿美元，为约2490亿美元。2025年1月至11月俄贸易额较2024年同期下降4.16%，为 约6227亿美元。 在出口商品结构方面，去年前11个月，矿产品在俄罗斯出口总额中占最大份额，出口额约为2039亿美元，同比下降16%。进口商品中，机械设备与车辆是 俄罗斯最大的进口商品品类，2025年1月至11月，该品类进口额为1201亿美元，同比下降8.9%。 新华财经莫斯科1月15日电（记者 包诺敏）塔斯社援引俄罗斯海关总署统计数据报道称，2025年1月至11月，俄罗斯外贸顺差同比下降10.48%，为约1247 亿美元。 ...

Core Insights - Anhui Province's total import and export value for goods has surpassed 1 trillion yuan for the first time, reaching 10,135.6 billion yuan in 2025, marking a year-on-year growth of 17.3%, making it the top province in Central China [1] Group 1: Trade Performance - The number of trading entities in Anhui reached 14,890 in 2025, an increase of 1,591 from 2024 [1] - Foreign-invested enterprises contributed 243.65 billion yuan to the province's imports and exports, showing an 18.8% year-on-year increase [1] Group 2: Export Structure - The export structure is shifting towards high-end, intelligent, and green products, with high-tech product exports amounting to 159.82 billion yuan, a 16.6% increase year-on-year [1] - Anhui exported 1.228 million vehicles (including chassis), maintaining the highest export volume in China and becoming the first province to exceed 1 million vehicle exports in a year [1] Group 3: Trade Partnerships - Anhui's trade relationships expanded, achieving positive growth with 189 countries and regions [1] - ASEAN is the largest trading partner, with a total trade value of 141.5 billion yuan, reflecting a 38.3% year-on-year increase [1] Group 4: Local Products - In 2025, local specialty products such as Huangshan stinky mandarin fish, Lu'an foie gras, and Chizhou selenium-rich water achieved their first exports [2] - Anhui ranked first in China for the export volume of honey, rice seeds, and down feathers [2] Group 5: Growth Milestones - During the 14th Five-Year Plan period, Anhui's foreign trade scale has crossed five 100 billion yuan milestones, increasing from 545.15 billion yuan at the end of the 13th Five-Year Plan to over 1 trillion yuan in 2025 [2]

Core Viewpoint - The Chinese Ministry of Commerce emphasizes that despite complex external changes and uncertainties in 2026, China's economic foundation remains strong, and the country is poised for continued growth in foreign trade, which is expected to contribute significantly to global economic development [1]. Group 1: Foreign Trade Performance - In 2025, China's total foreign trade reached 45.47 trillion yuan, marking a 3.8% increase and achieving growth for nine consecutive years [1]. - Exports of mechanical and electrical products grew by 9%, surpassing 60% of total exports for the first time [1]. - Trade with over 190 countries and regions increased, with imports and exports to Belt and Road Initiative countries rising to 51.9% of total trade [1]. Group 2: Measures to Stabilize Foreign Trade - The Ministry of Commerce plans to implement various policies to ensure the effectiveness of foreign trade measures, providing precise support to enterprises and maintaining confidence [2]. - Efforts will be made to expand diversified markets, including support for enterprises to stabilize traditional markets and explore emerging ones, as well as organizing trade promotion activities [2]. - The focus will also be on fostering new growth drivers, particularly in cross-border e-commerce and green trade, enhancing the international competitiveness of green low-carbon products [2]. - Initiatives will be taken to promote balanced development in imports and exports, including branding efforts and organizing at least 100 import promotion activities [2].

1. Report's Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - In December, China's imports and exports both outperformed expectations against a high - base backdrop. The trade surplus reached $114.14 billion [3]. - In 2026, export growth may remain resilient. Exports to the US may slightly recover, while exports to the EU may continue to slow, and exports to ASEAN and other neighboring countries are expected to drive overall export growth. Imports of commodities and high - tech products are accelerating, and future import volumes are expected to be further boosted by domestic demand expansion policies [3]. 3. Summary by Related Content 3.1 December Import and Export Data - Exports in December increased by 6.60% year - on - year, with an expected increase of 2.22%. Imports increased by 5.70% year - on - year, compared to a 1.90% increase in the previous period [3]. 3.2 Export Market Analysis - The top three export markets in December were ASEAN, the EU, and the US. Exports to ASEAN increased by 11.15% year - on - year, to the EU by 11.63%, and to the US decreased by 30.01% year - on - year [3]. - Exports of high - tech products, such as special equipment, high - end machine tools, and industrial robots, increased significantly [3]. 3.3 Import Analysis - In December, import value rebounded, and the year - on - year growth rate improved significantly. The import value of copper ore and its concentrates increased by 33.21% year - on - year, becoming one of the main drivers of import growth [3]. 3.4 Outlook for the Future - In 2026, export growth may remain resilient. Exports to the US may see a slight recovery in the context of the phased easing of Sino - US economic and trade relations. EU demand may continue to weaken, and exports to the EU may continue to slow. Exports to ASEAN and other neighboring countries are expected to drive overall export growth [3]. - Imports of commodities and high - tech products are accelerating, and future import volumes are expected to be further boosted by domestic demand expansion policies [3].

5.25万亿元 增长 13.2 % 1 风力发电机组 "新三样" 出口 增长 增长 27.1% 11 48.7% - 自主品牌产品出口增长 12.9% 11 品出口总值的比重提升 1.4个百分点 7 4, 特点 进口保持增长 在国际市场价格下降的情况下 自二季度开始 e a 我国进口连续5个季度保持增长 全年进口机电产品 7.41万亿元 增长 5.7% 1 · 干鲜瓜果 进口值 增长 增长 5.6% = 1 16.6% T 5 時点 企业活力更足 我国有进出口记录的经营主体 = | 超过78万家 其中 民营企业继续发挥 外贸"主引擎"作用 2026年1月14日,国务院新闻办公室 举行新闻发布会,由海关总署相关负 责人介绍2025年全年进出口情况。 具体来看,有以下5个特点: l 特点 规模再创新高 全年我国外贸进出口 45.47万亿元 Ja创历史新高 增长 3.8% 1 出口 进口 ....... 18.48万亿元 26.99万亿元 增长 增长 6.1 % 1 0.5 % -1 我国将继续保持 U 全球货物贸易第一大国地位 2) 時点 市场更加多元 我国与240多个国家和地区有贸易往来 与190多个国家和地区 ...