Export Performance - From January to July 2025, China's exports increased by 6.1% year-on-year in USD terms, with a trade surplus of $683.51 billion[1] - In July 2025, exports grew by 7.2% year-on-year, while imports rose by 4.1%, leading to a monthly trade surplus of $98.24 billion[1] - ASEAN and EU contributed positively to July's export growth, with contributions of 2.6 and 1.4 percentage points, respectively[1] Import Trends - From January to July 2025, imports decreased by 2.7% year-on-year, but the decline was less severe than in the first half of the year[1] - In July 2025, imports showed a month-on-month increase of 1.8%, indicating a slight recovery in domestic demand[1] - Key imported raw materials like oil, black metals, and copper showed improved year-on-year performance, suggesting a recovery in manufacturing and infrastructure investment[1] Sector-Specific Insights - Mechanical and electrical products maintained export advantages, with integrated circuits, ships, and general machinery showing year-on-year growth rates of 20.5%, 15.5%, and 13.5%, respectively[1] - Light industrial products like bags and furniture saw improved export growth, although overall performance remained below the average export growth rate[1] - The automotive sector continued to show positive growth despite high export baselines in recent years[1] Economic Context - The resilience in export growth is attributed to ongoing US-China trade talks and improvements in the prices of certain export goods, which helped offset declines in export volumes[1] - Risks include the potential for increased economic recession in Europe and the US, as well as a complex international situation[1]

Core Insights - China's goods trade maintained a positive momentum in the first seven months of the year, with a total import and export value of 25.7 trillion yuan, a year-on-year increase of 3.5% [1] - In July alone, the import and export value reached 3.91 trillion yuan, growing by 6.7%, marking the highest growth rate of the year [1] - The increase in imports of key raw materials such as metal ores and crude oil indicates robust domestic production activity and rising demand [1] Trade Performance - General trade accounted for 64% of China's total foreign trade, with a value of 16.44 trillion yuan, growing by 2.1% [2] - Trade with ASEAN countries reached 4.29 trillion yuan, a growth of 9.4%, making ASEAN China's largest trading partner [2] - Trade with countries involved in the Belt and Road Initiative totaled 13.29 trillion yuan, increasing by 5.5%, showcasing a diversified trade partnership [2] Company and Sector Contributions - Private enterprises contributed 14.68 trillion yuan to imports and exports, a growth of 7.4%, representing 57.1% of the total [3] - Foreign-invested enterprises had a total trade value of 7.46 trillion yuan, growing by 2.6%, accounting for 29% of foreign trade [3] Structural Optimization - The export of mechanical and electrical products reached 9.18 trillion yuan, growing by 9.3%, and accounted for 60% of total exports [4] - High-tech product exports exceeded 5 trillion yuan, with significant growth in sectors such as high-end machine tools (23.4%) and industrial robots (62.2%) [4] - Labor-intensive product exports decreased by 0.8%, indicating a shift towards high-value and high-tech industries [5] Future Outlook - The expansion of domestic demand is expected to drive import growth, supported by ongoing economic stabilization policies [5] - Despite uncertainties in the external environment, closer economic ties with Belt and Road countries provide strategic depth for stabilizing external demand [5]

Core Insights - China's foreign trade showed a positive trend with a total import and export value of 25.7 trillion yuan in the first seven months of the year, marking a year-on-year growth of 3.5% [1] - Exports increased by 7.3%, while imports decreased by 1.6%, but the decline was less severe than in the first half of the year [1] Group 1: Trade Performance - In July, China's imports and exports grew by 6.7% year-on-year, with exports rising by 8% and imports increasing by 4.8%, indicating a strong monthly performance [2] - The manufacturing sector capitalized on the US-China tariff suspension, contributing significantly to July's export growth [2] - Domestic demand is improving, as evidenced by the gradual recovery in imports due to ongoing consumption-boosting initiatives [2] Group 2: Export Composition - In the first seven months, 60% of exports were mechanical and electrical products, with high-end machine tool exports growing by 23.4% [3] - New green and low-carbon products saw a 14.9% increase in exports, highlighting a shift towards high-quality trade [3] - Notable growth in exports of portable air conditioners and other cooling products, with air conditioner exports to Europe increasing by 28.9% [3] Group 3: Role of Private Enterprises - Private enterprises accounted for 14.68 trillion yuan in imports and exports, a 7.4% increase, representing 57.1% of China's total foreign trade [4] - The number of private enterprises engaged in foreign trade rose by 8.5%, indicating a robust participation in the sector [4] Group 4: Market Diversification - Trade with ASEAN, EU, Africa, and Central Asia grew by 9.4%, 3.9%, 17.2%, and 16.3% respectively, showing diversification in trade partnerships [4] - Trade with countries involved in the Belt and Road Initiative increased by 5.5%, further emphasizing the importance of these markets [4] Group 5: Strategic Adaptation - Companies are actively seeking new markets and adapting to external challenges, with many reporting a backlog of orders into the fourth quarter [5] - The need for innovation and the development of high-tech products is emphasized as essential for enhancing competitiveness in foreign trade [5] - Despite external uncertainties, the diverse market landscape and innovative products provide confidence in achieving foreign trade goals [5]

Core Insights - China's foreign trade showed a positive trend with a total import and export value of 25.7 trillion yuan in the first seven months of the year, marking a year-on-year growth of 3.5% [1] - Exports increased by 7.3%, while imports decreased by 1.6%, but the decline was less severe than in the first half of the year [1] Group 1: Trade Performance - In July, China's total import and export value grew by 6.7% year-on-year, with exports rising by 8% and imports increasing by 4.8%, indicating a strong monthly performance [2] - The manufacturing sector capitalized on the US-China tariff suspension, contributing significantly to July's export growth [2] - Domestic demand is improving, as evidenced by the gradual recovery in imports due to ongoing consumption-boosting initiatives [2] Group 2: Export Composition - In the first seven months, 60% of exports were mechanical and electrical products, with high-end machine tool exports increasing by 23.4% [3] - New green and low-carbon products saw a 14.9% increase in exports, highlighting a shift towards high-quality trade [3] - Notable growth in exports of air conditioners and other cooling products, with air conditioner exports to Europe rising by 28.9% [3] Group 3: Role of Private Enterprises - Private enterprises accounted for 14.68 trillion yuan in imports and exports, a 7.4% increase, representing 57.1% of China's total foreign trade [4] - The number of private enterprises engaged in foreign trade increased by 8.5%, reaching 570,000, which constitutes 87.2% of all trading enterprises [4] Group 4: Market Diversification - Trade with ASEAN, the EU, Africa, and Central Asia grew by 9.4%, 3.9%, 17.2%, and 16.3% respectively, indicating successful market diversification [4] - Trade with countries involved in the Belt and Road Initiative saw a 5.5% increase [4] Group 5: Strategic Adaptation - Companies are actively seeking new markets and adapting to external challenges, with many reporting a backlog of orders into the fourth quarter [5] - The external trade environment remains complex, necessitating innovation and the development of new products to enhance competitiveness [5] - The customs authority expresses confidence in meeting annual foreign trade goals despite external uncertainties [5]

Core Insights - China's goods trade maintained an upward trend in the first seven months of the year, with a total import and export value of 25.7 trillion yuan, a year-on-year increase of 3.5% [1] - In July alone, the import and export value reached 3.91 trillion yuan, growing by 6.7%, marking the highest growth rate of the year [1] - The increase in imports of key raw materials such as metal ores and crude oil indicates robust domestic production activity and rising demand [1] Trade Performance - The export of mechanical and electrical products in July amounted to 1.38872 trillion yuan, up 8.8% from the previous year, while integrated circuit exports reached 128.37 billion yuan, a 30.2% increase [1] - General trade accounted for 64% of China's total foreign trade, with a total value of 16.44 trillion yuan, growing by 2.1% [1] Trade Partners - In the first seven months, trade with ASEAN reached 4.29 trillion yuan, a growth of 9.4%, making it China's largest trading partner [2] - Trade with the EU totaled 3.35 trillion yuan, increasing by 3.9%, while trade with Belt and Road countries reached 13.29 trillion yuan, up 5.5% [2] Business Entities - Private enterprises accounted for 57.1% of total imports and exports, with a total value of 14.68 trillion yuan, growing by 7.4% [3] - Foreign-invested enterprises had a total import and export value of 7.46 trillion yuan, a growth of 2.6% [3] Export Structure - The export of mechanical and electrical products reached 9.18 trillion yuan, representing 60% of total exports, with significant growth in high-tech products such as integrated circuits and electric vehicles [3][4] - Labor-intensive product exports decreased by 0.8%, indicating a shift towards high-value-added and high-tech industries [4] Future Outlook - The expansion of domestic demand is expected to drive import growth, while the strengthening of economic ties with Belt and Road countries will provide strategic depth for stabilizing external demand [5]

Core Insights - China's export of electromechanical products reached 9.18 trillion yuan in the first seven months, marking a growth of 9.3% and accounting for 60% of total exports [1] - Exports of labor-intensive products decreased by 0.8% to 2.41 trillion yuan, representing 15.7% of total exports [1] - Agricultural product exports increased by 2.9% to 414.66 billion yuan [1] Electromechanical Products - Automatic data processing equipment and its components exported amounted to 823.62 billion yuan, with a growth of 1.1% [1] - Integrated circuits exports were valued at 778.45 billion yuan, showing a significant growth of 21.8% [1] - Automobile exports reached 513.46 billion yuan, reflecting a growth of 10.9% [1] Labor-Intensive Products - Exports of clothing and accessories totaled 636.79 billion yuan, with a slight increase of 0.9% [1] - Textile exports were valued at 590.07 billion yuan, growing by 2.7% [1] - Plastic products exports amounted to 438.9 billion yuan, with a growth of 0.5% [1] Agricultural Products - The total export value of agricultural products was 414.66 billion yuan, with a growth rate of 2.9% [1]

Core Insights - China's total goods trade value for the first seven months reached 25.7 trillion yuan, a year-on-year increase of 3.5% [1] - Exports amounted to 15.31 trillion yuan, growing by 7.3%, while imports were 10.39 trillion yuan, showing a decline of 1.6% [1] Trade Performance - In July, the total goods trade value was 3.91 trillion yuan, reflecting a year-on-year growth of 6.7% [2] - Exports in July were 2.31 trillion yuan, up by 8%, and imports were 1.6 trillion yuan, increasing by 4.8% [2] Product Categories - Exports of electromechanical products reached 9.18 trillion yuan, a growth of 9.3%, accounting for 60% of total exports [3] - Exports of labor-intensive products decreased by 0.8% to 2.41 trillion yuan, representing 15.7% of total exports [3] - Agricultural product exports grew by 2.9% to 414.66 billion yuan [3] Trade Partners - ASEAN remained China's largest trading partner with a trade value of 4.29 trillion yuan, up by 9.4% [4] - The EU was the second-largest partner with a trade value of 3.35 trillion yuan, increasing by 3.9% [4] - Trade with the US decreased by 11.1% to 2.42 trillion yuan [4] Enterprise Performance - Private enterprises' imports and exports totaled 14.68 trillion yuan, a growth of 7.4%, making up 57.1% of total foreign trade [5] - Foreign-invested enterprises had a trade value of 7.46 trillion yuan, increasing by 2.6% [5] - State-owned enterprises saw a decline in trade value by 8.8% to 3.49 trillion yuan [5]

Core Insights - The top ten foreign trade cities in China for the first half of 2025 have been released, showcasing a stable position for leading cities while new contenders are emerging [1] Group 1: Trade Performance - Shenzhen ranks first with a total import and export value of 2.17 trillion yuan, accounting for 9.9% of the national foreign trade value, despite a slight decline of 1.1% year-on-year [2][3] - Shanghai follows closely with 2.15 trillion yuan, showing a year-on-year increase of 2.4%, with a notable 9.5% growth in imports [2][3] - Beijing's trade value is 1.53 trillion yuan, down 16.4% year-on-year, but it has seen three consecutive months of record-high exports [2][3] - Suzhou's trade reached 1.3 trillion yuan, growing by 5.7%, benefiting from the Yangtze River Delta industrial chain [2][3] Group 2: Sector Contributions - Dongguan's trade value is 749.28 billion yuan, with a significant year-on-year growth of 16.5%, driven by the trendy toy industry, which accounts for 30% of national exports [4][5] - Ningbo's trade reached 721.8 billion yuan, growing by 6.1%, with traditional industries collaborating with emerging sectors [4][5] - Guangzhou's trade value is 605.05 billion yuan, with the highest export growth rate of 25.2%, supported by machinery and electrical products [4][5] - Yiwu's trade reached 508.68 billion yuan, growing by 20.1%, with the small commodity market playing a crucial role [4][5] Group 3: Market Dynamics - The competition between Shenzhen and Shanghai for the top position is expected to continue, influenced by global demand recovery in the second half of the year [6] - The combined trade value of Shanghai, Suzhou, Ningbo, and Jinhua exceeds 4.7 trillion yuan, representing 21.6% of the national total [5][6] - Emerging markets are becoming the main growth drivers, with significant increases in trade with ASEAN and Central Asia [5][6]

Core Insights - China's goods trade maintained a positive trend in the first seven months of the year, with a total import and export value of 25.7 trillion yuan, representing a year-on-year increase of 3.5%, accelerating by 0.6 percentage points compared to the first half of the year [1] Trade Performance - Exports in July reached 2.31 trillion yuan, growing by 8%, while imports totaled 1.6 trillion yuan, increasing by 4.8% [1] - The trade surplus for July was recorded at 98.24 billion USD [1] Regional Trade Growth - Imports and exports to ASEAN, EU, Africa, and Central Asia grew by 9.4%, 3.9%, 17.2%, and 16.3% respectively [1] Commodity Import Trends - Iron ore imports decreased by 2.3% to 697 million tons, with an average price drop of 15% [1] - Crude oil imports increased by 2.8% to 327 million tons, with an average price decline of 12.7% [1] - Coal imports fell by 13% to 257 million tons, with an average price decrease of 24% [1] - Natural gas imports decreased by 6.9% to 7.014 million tons, with an average price drop of 6.7% [1] - Soybean imports rose by 4.6% to 61.035 million tons, with an average price decline of 12.5% [1] - Finished oil imports decreased by 16.6% to 23.391 million tons, with an average price drop of 4% [1] - Primary plastic imports fell by 5% to 15.923 million tons, with an average price decrease of 0.5% [1] - Copper and copper products imports decreased by 2.6% to 3.113 million tons, with an average price increase of 4.9% [1] - Electromechanical product imports grew by 5.8% to 4.09 trillion yuan [1]

Core Insights - China's export of electromechanical products reached 9.18 trillion yuan in the first seven months, marking a year-on-year growth of 9.3%, accounting for 60% of total exports [1] - Exports of labor-intensive products decreased by 0.8% to 2.41 trillion yuan, representing 15.7% of total exports [1] - Agricultural product exports increased by 2.9% to 414.66 billion yuan [1] Electromechanical Products - Exports of automatic data processing equipment and its components amounted to 823.62 billion yuan, with a growth of 1.1% [1] - Integrated circuit exports reached 778.45 billion yuan, showing a significant growth of 21.8% [1] - Automobile exports totaled 513.46 billion yuan, reflecting a growth of 10.9% [1] Labor-Intensive Products - Exports of clothing and accessories were 636.79 billion yuan, with a slight increase of 0.9% [1] - Textile exports reached 590.07 billion yuan, growing by 2.7% [1] - Plastic product exports were 438.9 billion yuan, with a growth of 0.5% [1]