2025年，国际经贸秩序遭受严重冲击，全球经济增速放缓。在此背景下，我国外贸顶压前行，货物贸易 实现较快增长，贸易结构持续向新向优，展现出强大韧性和活力。数据显示，我国外贸进出口总值超45 万亿元，创历史新高，增长3.8%，连续第9年保持增长，是入世以来时间跨度最长的连续增长。 透过这份外贸"成绩单"不难发现，高技术产品成为贸易增长的引领力量，技术密集型产品贡献率持续加 大，贸易伙伴与市场更加多元，市场经营主体更具活力，共同支撑外贸稳量提质。 高技术产品引领出口 2025年，我国继续保持全球货物贸易第一大国地位。其中，高技术产品出口功不可没。海关数据显示， 过去一年，我国高技术产品出口5.25万亿元，增长13.2%，拉动我国出口增长2.4个百分点。"新三样"、 风力发电机组等绿色产品出口分别增长27.1%和48.7%。自主品牌产品出口增长12.9%，占出口总值的比 重提升1.4个百分点。 "2025年，专用装备、高端机床、工业机器人出口分别增长20.6%、21.5%和48.7%。特别是工业机器人 出口超过了进口，我国成为工业机器人的净出口国。"海关总署副署长王军说。 同时，传统产业转型升级步伐加快，市场竞争力 ...

2025年，国际经贸秩序遭受严重冲击，全球经济增速放缓。在此背景下，我国外贸顶压前行，货物贸易 实现较快增长，贸易结构持续向新向优，展现出强大韧性和活力。数据显示，我国外贸进出口总值超45 万亿元，创历史新高，增长3.8%，连续第9年保持增长，是入世以来时间跨度最长的连续增长。 透过这份外贸"成绩单"不难发现，高技术产品成为贸易增长的引领力量，技术密集型产品贡献率持续加 大，贸易伙伴与市场更加多元，市场经营主体更具活力，共同支撑外贸稳量提质。 高技术产品引领出口 2025年，我国继续保持全球货物贸易第一大国地位。其中，高技术产品出口功不可没。海关数据显示， 过去一年，我国高技术产品出口5.25万亿元，增长13.2%，拉动我国出口增长2.4个百分点。"新三样"、 风力发电机组等绿色产品出口分别增长27.1%和48.7%。自主品牌产品出口增长12.9%，占出口总值的比 重提升1.4个百分点。 同时，传统产业转型升级步伐加快，市场竞争力不断增强。比如，陶瓷企业将传统技艺融合海外文化， 研制的陶瓷树产品成为国外节日装饰新选择；家电企业研发的"沙漠空调"超过60摄氏度仍能正常工作， 赢得了市场订单。 "中国制造在向价值 ...

"国际市场对中国的意义重大，关起门来只看中国市场是不行的，只有在国际竞争中才能保证高质量发 展，特别是科技发展，尽管中国已经有部分走在世界前列，但还有很多仍需在国际竞争合作中才能保持 快速进步。所以，坚定不移地扩大开放、坚定不移地保持出口对中国经济非常重要。"中国人民大学经 济研究所联席所长、中诚信国际信用首席经济学家毛振华在CMF宏观经济月度数据分析会上对《华夏 时报》记者表示。 进一步扩大"朋友圈" 2025年，我国以亮眼的成绩展示了坚定支持自由贸易的成果。 1月14日，海关总署副署长王军表示，全年我国外贸进出口45.47万亿元，增长3.8%，连续第9年保持增 长，是入世以来时间跨度最长的连续增长。这也是我国进出口首次突破45万亿元大关，创历史新高。其 中，2025年我国进口达到18.48万亿元，规模也创历史新高，连续17年成为全球第二大进口市场。 本报（chinatimes.net.cn）记者张智 北京报道 在当今世界充满变动的背景下，中国展现出的巨大确定性，为全球经济注入强劲动力。 当地时间1月20日，中共中央政治局委员、国务院副总理何立峰在瑞士达沃斯出席世界经济论坛2026年 年会并发表致辞。何立峰 ...

Core Viewpoint - Jinan aims to implement an industrial strong city strategy by 2026, focusing on building a modern industrial system Group 1: Strengthening Advantageous Industries - The city will focus on electronic information, automotive, high-end software, and modern medicine industries, aiming to enhance scale, extend chains, and grow enterprises [2] - In the electronic information sector, Jinan plans to achieve an industry scale of 240 billion yuan by accelerating the construction of semiconductor and micro-display projects [2] - The automotive industry aims for a scale of 180 billion yuan, supporting companies like BYD and Geely in introducing high-end models and promoting collaborative development [2] - The high-end software sector targets a scale of 130 billion yuan, emphasizing the development of industrial software and AI applications [2] - The modern medicine industry, relying on key enterprises, aims for a scale of 52 billion yuan by enhancing various pharmaceutical sectors [2] Group 2: Cultivating Characteristic Industries - Jinan will focus on high-end CNC machine tools, robotics, specialized equipment, steel, advanced materials, and food and bio-manufacturing, aiming to create competitive industrial clusters [4] - The high-end CNC machine tools and robotics sector targets a scale of 55 billion yuan, with key projects like the industrial mother machine park [4] - The specialized equipment industry aims for a scale of 115 billion yuan, with support for leading companies and project expansions [4] - The steel industry will focus on green low-carbon transformation, targeting a scale of 165 billion yuan by developing high-value products [4] - The advanced materials sector aims for a scale of 35 billion yuan, promoting innovation and expansion in chemical and metal materials [4] - The food and bio-manufacturing industry targets a scale of 77.5 billion yuan, supporting innovative development of key enterprises [4]

Core Viewpoint - China's foreign trade demonstrates resilience and vitality, achieving a record high in total import and export value in 2025, maintaining its position as the world's largest goods trading nation [1][2]. Group 1: Trade Performance - In 2025, China's total import and export value reached 45.47 trillion yuan, a year-on-year increase of 3.8%, marking nine consecutive years of growth [1]. - Exports amounted to 26.99 trillion yuan, growing by 6.1%, while imports were 18.48 trillion yuan, with a modest increase of 0.5% [1]. - The growth in high-tech product exports was notable, with a year-on-year increase of 13.2%, contributing 2.4 percentage points to overall export growth [2]. Group 2: Import Trends - China maintained its status as the world's second-largest import market for 17 consecutive years, with imports reaching a historical high in 2025 [4]. - Import growth was driven by a recovering economy, with a continuous increase in imports for three consecutive quarters starting from Q2 [4]. - The 8th China International Import Expo saw record participation, with intended transaction amounts exceeding 80 billion USD [4]. Group 3: Trade Partnerships - China's trade partnerships expanded significantly, becoming a major trading partner for over 160 countries and regions, an increase of more than 20 since 2020 [6]. - Trade with ASEAN countries and Central Asian nations saw substantial growth, with imports from these regions increasing by 3.9% and over 1 billion USD in trade volume, respectively [6][7]. - In 2025, trade with countries involved in the Belt and Road Initiative reached 23.6 trillion yuan, growing by 6.3%, which is 2.5 percentage points higher than the overall trade growth rate [7].

Core Insights - In 2025, China's foreign trade maintained stable growth despite external pressures, with total import and export value reaching 45.47 trillion yuan, a year-on-year increase of 3.8% [4][5] - High-tech product exports grew by 13.2%, contributing 2.4 percentage points to overall export growth, with significant increases in specialized equipment, high-end machine tools, and industrial robots [5][6] - China has become the world's second-largest import market for 17 consecutive years, with imports reaching a historical high in 2025 [7][8] Group 1: Trade Performance - In 2025, China's exports amounted to 26.99 trillion yuan, up 6.1% year-on-year, while imports reached 18.48 trillion yuan, a 0.5% increase [4] - The import growth trend has been consistent, with a notable acceleration in December 2025, where the growth rate reached 4.4% [8] - The successful hosting of the 8th China International Import Expo resulted in a record number of participating companies and an intended transaction amount exceeding 800 billion USD [8] Group 2: Sectoral Highlights - Exports in the green energy sector saw significant growth, with lithium batteries and wind turbine exports increasing by 26.2% and 48.7%, respectively [6] - The export of electric motorcycles and bicycles grew by 18.1%, while railway electric locomotives saw a 27.1% increase [6] - Traditional industries are also evolving, with innovations such as desert air conditioners and culturally integrated ceramics gaining traction in international markets [5] Group 3: Trade Partnerships - China's trade partnerships have expanded, with over 160 countries and regions now considered major trading partners, an increase of more than 20 since 2020 [9] - Trade with ASEAN countries has deepened, and trade with Central Asian nations has surpassed 100 billion USD [9][10] - In 2025, trade with countries involved in the Belt and Road Initiative reached 23.6 trillion yuan, growing by 6.3%, which is higher than the overall foreign trade growth rate [10]

Core Insights - In 2025, China's foreign trade reached a record high, with total imports and exports amounting to 45.47 trillion yuan, a year-on-year increase of 3.8% [1] - Exports were 26.99 trillion yuan, growing by 6.1%, while imports were 18.48 trillion yuan, with a modest growth of 0.5% [1] - December 2025 saw a monthly trade record of 4.26 trillion yuan, marking a 4.9% year-on-year increase [1] Trade Performance - December 2025 exports reached 2.54 trillion yuan, a 5.2% increase year-on-year, continuing the upward trend from November [2] - The positive export performance in December is linked to progress in US-China negotiations and China's strong manufacturing capabilities [2][3] - Exports to countries involved in the Belt and Road Initiative accelerated, compensating for declines in exports to the US [3][7] Sectoral Growth - Significant growth was observed in high-tech exports, which increased by 13.2%, contributing 2.4 percentage points to overall export growth [5] - Key sectors such as integrated circuits, automobiles, and ships saw double-digit growth, with integrated circuits and ships both increasing by 27.4% [4][5] - The automotive sector, particularly Chery Automobile, reported a 17.4% increase in exports, with December exports alone rising by 46.8% [4] Regional Trade Dynamics - Trade with ASEAN countries grew by 14%, while exports to Africa surged by 26.5%, indicating a shift in trade focus [6][7] - Exports to the US fell by 19.5%, while exports to the EU increased by 9%, highlighting a diversification in trade partnerships [6][7] - The share of trade with the top ten partners decreased to 47.7%, suggesting a more balanced trade landscape [6]

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].

Export Performance - In December, China's export growth exceeded expectations, with a year-on-year increase of 6.6%, up 0.7 percentage points from the previous value, and a two-year compound growth rate of 8.62%[9] - For the entire year of 2025, cumulative export growth was 5.5%, nearly matching the 2024 figure of 5.82%, indicating strong export momentum despite U.S. tariff policies[9] - High-tech products drove export growth, with a 13.2% year-on-year increase, contributing 2.4 percentage points to overall export growth[18] Trade Partner Dynamics - China's trade partnerships have diversified, with exports to ASEAN and the EU increasing, while exports to the U.S. decreased to 11.14% of total exports, down 3.52 percentage points from the previous year[11] - Exports to "Belt and Road" countries grew by 11.2%, contributing 5.4 percentage points to overall export growth, with ASEAN becoming the largest export market for three consecutive years[11] Import Trends - December imports also exceeded expectations, with a year-on-year growth of 5.7%, significantly higher than the market forecast of -0.28%[20] - The cumulative import growth for 2025 was flat at 0%, indicating stability in import levels compared to the previous year[20] Future Outlook - Despite a high base effect, export growth is expected to remain a key contributor to economic growth in 2026, with an estimated growth rate of around 3%[2] - The ongoing upgrade of product structures, particularly in high-tech and green products, is anticipated to continue supporting export growth[25]

Core Insights - In 2025, China's exports demonstrated resilience against external pressures, achieving stable growth in both volume and quality [1] - The growth in exports is driven by improvements in quality, particularly in innovation, green development, and cooperation [3] Group 1: Innovation-Driven Growth - High-tech product exports have become a key growth engine, with specialized equipment, high-end machine tools, and industrial robots seeing export increases of 20.6%, 21.5%, and 48.7% respectively, positioning China as a net exporter of industrial robots [6] - The integration of technology and industry innovation has led to a significant rise in exports of artificial intelligence-related products, contributing to nearly half of global trade growth despite accounting for less than one-sixth of total global trade [29] Group 2: Green Development - Green energy exports have injected new momentum into growth, with lithium batteries and wind turbine exports increasing by 26.2% and 48.7% respectively [8] - In the green transportation sector, exports of electric motorcycles and bicycles, as well as electric locomotives, have seen growth rates of 18.1% and 27.1% [8] Group 3: Market Diversification - China's export markets have become more diversified, with exports to Belt and Road Initiative countries growing by 11.2%, contributing 5.4 percentage points to overall export growth [10] - The ASEAN region has remained China's largest export market for three consecutive years [10] Group 4: Regional Contributions - Seven provinces and cities contributed over half of China's foreign trade growth, with Guangdong, Jiangsu, Zhejiang, Shanghai, Shandong, Beijing, and Fujian collectively achieving a total import and export value of 34.11 trillion yuan, a 2.7% increase [13] - The nine border provinces and regions recorded a 5.6% increase in imports and exports, continuing to outpace the overall foreign trade growth rate for four consecutive years [15] Group 5: Import Growth - In 2025, China's imports reached 18.48 trillion yuan, maintaining its position as the world's second-largest import market for 17 consecutive years [23] - The country successfully hosted the eighth China International Import Expo, with intended transaction amounts exceeding 80 billion USD [25] - Imports from over 130 countries and regions increased, with notable growth rates of 3.9%, 4.9%, and 6% from Asia, Latin America, and Africa respectively [27]