Core Points - China's total goods trade value reached 25.7 trillion yuan in the first seven months of the year, showing a year-on-year growth of 3.5%, with exports increasing by 7.3% and imports decreasing by 1.6% [1] - 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%, marking the highest growth rate of the year [2] - The growth in exports is attributed to Chinese manufacturing companies taking advantage of the US-China tariff suspension period, while improving domestic demand is reflected in the recovering import figures [2] Trade Performance - The proportion of mechanical and electrical products in exports reached 60%, with high-end machine tool exports increasing by 23.4% and green low-carbon products growing by 14.9% [3] - Notable growth in exports of cooling products such as air conditioners (up 4.9%) and refrigerators (up 2.3%) was observed, particularly a significant 28.9% increase in air conditioner exports to Europe [3] Private Enterprises - Private enterprises played a crucial role in stabilizing foreign trade, with their import and export value reaching 14.68 trillion yuan, a year-on-year increase of 7.4%, accounting for 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 represents 87.2% of all enterprises with import and export activities [4] Market Diversification - Trade with ASEAN, the EU, Africa, and Central Asia saw year-on-year increases of 9.4%, 3.9%, 17.2%, and 16.3% respectively, with trade with ASEAN and the EU accounting for nearly 30% of China's total foreign trade [4] - Companies are actively seeking new markets and diversifying their trade routes to mitigate external shocks, supported by various policies [4] Future Outlook - Experts suggest that while the foreign trade growth trend is improving, companies should continue to expand international markets and develop high-tech products to enhance competitiveness [5] - The customs authority expresses confidence in meeting annual foreign trade goals despite external uncertainties, citing a diverse market and innovative products as key strengths [5]

Core Insights - The trade relationship between China and the EU is strengthening, with Shenzhen's home appliance exports to the EU reaching 7.59 billion yuan in the first half of the year, marking an 8.9% year-on-year increase [1] - Shenzhen's portable air conditioners are gaining popularity in the EU, particularly due to their suitability for older buildings that cannot accommodate traditional air conditioning systems [1] - Shenzhen Customs is actively supporting local appliance manufacturers in navigating EU market entry requirements, including safety and environmental standards [2] Group 1 - Shenzhen's home appliance exports to the EU totaled 7.59 billion yuan in H1 2023, with an 8.9% increase year-on-year [1] - Portable air conditioners produced by Shenzhen's Zhenghao Innovation Technology Co., Ltd. have sold over 10,000 units in Europe, thanks to their battery-powered, portable design [1] - Shenzhen Customs is providing guidance on hazardous goods packaging and compliance with EU regulations to ensure safe exports [1] Group 2 - Shenzhen's Anya Electronic Technology Co., Ltd. has seen strong demand for its compact and lightweight multifunctional fans in the EU market [2] - Customs has implemented a "one-on-one" support system for companies, enhancing compliance awareness and facilitating smoother customs processes [2] - The "China-Europe Railway Express" has seen 85 export trains dispatched from Shenzhen in H1 2023, carrying 44,000 tons of goods, with a total value of 2.5 billion yuan, reflecting a 11.8% and 4% increase respectively [2]