南都讯 记者张艳丽 通讯员肖尔卿 据深圳海关统计，前11个月，深圳累计进出口规模保持内地城市首 位，达4.12万亿元，同比(下同)增长0.6%。其中，出口2.5万亿元；进口1.62万亿元，增长7.7%。前11个 月深圳外贸主要呈现以下特点： 三是前十大贸易伙伴进出口合计占比近八成。前11个月，深圳对前十大贸易伙伴合计进出口3.24万亿 元，增长2.1%，占78.5%。其中，对中国香港地区、中国台湾地区、欧盟、韩国、日本、英国分别进出 口7099.7亿、4515.6亿、4209.1亿、2212.1亿、2029.6亿、638亿元，增长10.7%、10%、3.4%、8.9%、 19.9%、0.1%。 出口机电产品1.9万亿增4.3% 四是传统电子信息产业和新兴产业相关产品出口逆势增长。前11个月，深圳出口机电产品1.9万亿元， 增长4.3%，占76.1%。传统电子信息领域，电脑及其零部件、音视频设备及其零件分别出口2926.1亿 元、834.4亿元，增长8.9%、6.5%；集成电路出口2177.5亿元，增长40.8%。新兴产业中，锂电池、3D打 印机、电动汽车、医疗器械分别出口768.6亿元、78.4亿元、298. ...

外贸主体活跃度增强，民营企业保持较快增速。前11个月，常熟有进出口实绩的外贸企业3255家， 比去年同期增加239家，外贸主体活跃度持续增强。民营企业进出口882.8亿元，增长18.3%，较常熟外 贸整体增速高9.7个百分点，占比超五成；外资企业进出口632亿元，国有企业进出口26.8亿元。 对共建"一带一路"国家进出口占半壁江山，对非洲贸易增速较快。前11个月，常熟对共建"一带一 路"国家进出口755.7亿元，增长12.9%，占49%。对东盟进出口305.1亿元，增长22.5%，增速高于整体 13.9个百分点，占19.8%。同期，对非洲进出口60.8亿元，增长48.6%，展现出新兴市场的贸易潜力。 机电产品出口占比近半，对出口拉动作用明显。前11个月，常熟机电产品出口567.6亿元，增长 18.8%，占该市出口总值49.3%。其中，锂电池出口37.8亿元，增长43.1%；音视频设备及其零件出口 37.2亿元，大幅增长248.3%。 记者昨天（12月19日）从常熟海关获悉，今年前11个月，常熟外贸进出口总值1541.6亿元，同比增 长8.6%。其中，出口1151.8亿元，进口389.8亿元。11月单月进出口总 ...

Core Viewpoint - The significant rebound in November exports is primarily attributed to the dissipation of short-term supply disruptions rather than an improvement in external demand [2][7][30] Export Analysis - November exports increased by 5.9% year-on-year (YoY) in USD terms, a notable recovery from a decline of 1.1% in October, driven by factors such as increased working days and the reduction of "production rush" effects [2][6][7] - The increase in working days in November (up by 2 days YoY) and the tapering off of the "production rush" phenomenon contributed significantly to the export rebound [2][7] - Exports to emerging economies showed a marked recovery in November, with exports to Africa and Latin America rising by 17.1 percentage points (pct) and 12.8 pct respectively, despite no significant improvement in demand from these regions [2][11] - The export of goods such as food, steel, and auto parts, which had seen significant declines in October, rebounded in November, with respective increases of 34 pct, 18.7 pct, and 13.6 pct [3][18] Import Analysis - Imports also showed a recovery in November, with a YoY increase of 1.9%, up by 0.9 pct from the previous month [3][25] - Processing trade imports surged by 9.2 pct to 13.9%, exceeding previous growth levels, indicating a rebound in supply conditions [3][25] - Major commodities like crude oil and electromechanical products saw improved import growth rates, with crude oil imports increasing by 8.4 pct to 8.1% [3][25][51] Future Outlook - The easing of supply disruptions, combined with ongoing improvements in external demand and China's competitive export advantages, is expected to support exports for the remainder of the year [4][30] - The potential for improved exports to the U.S. is bolstered by the easing of tariffs and the likelihood of inventory replenishment in the U.S. market [4][30] - Continued industrialization in emerging markets is anticipated to drive demand for imported production materials, further supporting China's export of intermediate and capital goods [4][30] Regular Tracking - In November, both exports and imports showed signs of recovery, with notable increases in consumer electronics and light industrial products [5][37] - Capital goods exports exhibited mixed results, with intermediate goods like auto parts and integrated circuits showing growth [5][40] - Exports to non-U.S. developed economies and emerging markets increased, while exports to the U.S. declined [5][47][48]

Core Viewpoint - The significant rebound in exports in November is primarily supported by the dissipation of short-term supply disruptions rather than an improvement in external demand [3][10][82] Export Data Summary - November exports increased by 5.9% year-on-year, exceeding expectations of 3% and recovering from a decline of 1.1% in October [2][9][82] - The rebound in exports is attributed to factors such as an increase in working days and the reduction of "production rush" effects, which had previously impacted supply [3][10][82] - The increase in working days in November (up by 2 days year-on-year) contributed significantly to the export recovery [3][10][82] Country-Level Analysis - Regions that previously experienced significant supply shocks saw notable rebounds in exports in November, indicating that the easing of supply disruptions was a key driver [3][21][82] - Exports to emerging economies showed a clear recovery in November, with exports to Africa and Latin America increasing by 17.1 and 12.8 percentage points, respectively [3][21][82] - Despite the rebound, there was no significant improvement in demand from these emerging economies, as indicated by stable PMI readings in South Africa and Brazil [3][21][82] Commodity Export Trends - Commodities that had previously shown significant export volatility also experienced a notable recovery in November, with food, steel, and auto parts exports rebounding sharply [4][29][83] - The export growth rates for consumer electronics and light industrial products also improved significantly in November after substantial declines in October [4][29][83] Import Data Summary - Imports in November increased by 1.9% year-on-year, recovering from a previous expectation of 2.9% [2][9][82] - Processing trade imports saw a significant rise of 9.2 percentage points to 13.9%, indicating a recovery in trade performance due to the easing of supply disruptions [4][37][82] - Major commodities such as crude oil and electromechanical products also showed improved import growth rates in November [4][37][82] Future Outlook - The easing of supply disruptions, combined with ongoing improvements in external demand and China's competitive export advantages, is expected to support exports for the remainder of the year [5][45][46] - The potential for improved exports to the U.S. is bolstered by the easing of tariffs and the possibility of inventory replenishment in the U.S. market [5][45][46] - Continued industrialization in emerging markets is anticipated to drive demand for intermediate and capital goods, further supporting China's export performance [5][45][46] Regular Tracking - November saw a general recovery in both exports and imports, with notable increases in consumer electronics and light industrial products [6][71][82] - Capital goods exports showed mixed results, with intermediate goods like auto parts and integrated circuits experiencing growth [6][59][68] - Exports to non-U.S. developed economies and emerging markets showed positive trends, while exports to the U.S. declined [6][68][71]

Group 1: Export Data Overview - November exports increased by 5.9% year-on-year, exceeding the expected 3% and recovering from a previous decline of -1.1% in October[7] - The rise in exports is attributed to the easing of supply disruptions rather than an improvement in external demand[2] - The number of working days in November increased by 2 days compared to the previous year, contributing to the export rebound[2] Group 2: Import Data Overview - November imports rose by 1.9% year-on-year, slightly below the expected 2.9% but up from 1% in October[7] - Processing trade imports surged by 9.2 percentage points to 13.9%, indicating a recovery in trade activity[26] - Major commodities like crude oil saw a rebound in import growth, with an increase of 8.4 percentage points to 8.1%[26] Group 3: Sector-Specific Insights - Consumer electronics exports grew by 5.1 percentage points to 3.3%, with significant contributions from mobile phones and LCD display modules[37] - Capital goods exports showed mixed results, with general machinery and medical instruments increasing, while shipbuilding exports fell significantly[43] - Exports to emerging markets, particularly Africa and Latin America, saw notable increases of 17.1 and 12.8 percentage points, reaching 27.7% and 15% respectively[14] Group 4: Future Outlook - The easing of supply disruptions and ongoing competitive advantages for Chinese exports are expected to support export growth in the coming months[30] - Potential improvements in exports to the U.S. are anticipated due to reduced tariffs and ongoing inventory replenishment needs[30] - Continued industrialization in emerging economies is likely to drive demand for intermediate and capital goods from China[30]

记者昨天（11月26日）从常熟海关获悉，今年1至10月，常熟外贸进出口总值1395.9亿元，同比增 长8.6%。其中，出口增长11.8%，进口增长0.3%。据悉，10月单月进出口总值141.2亿元，连续13个月实 现同比增长。 从进出口产品结构看，常熟绿色产品锂电池出口增长48.8%，高端装备出口增长16.4%，增速高于 整体。部分产品进口实现大幅增长，其中进口音视频设备及其零件增长136.3%。 1至10月，常熟一般贸易进出口892.2亿元，增长5.7%，占该市外贸总值63.9%；加工贸易进出口 242.1亿元，增长16.8%，连续7个月实现单月同比增长；保税物流进出口81.9亿元，占5.9%；市场采购 出口171.5亿元，增长28.5%，月均出口值较去年相比增加2.2亿元。 从贸易伙伴来看，常熟对东盟贸易持续向好。1至10月，常熟对第一大贸易伙伴东盟进出口增长 22.5%，占比提升至19.6%。常熟对共建"一带一路"国家进出口增长12%；对非洲进出口增长44.7%，增 速较快。 从外贸主体上看，1至10月，常熟有进出口实绩的外贸企业3193家，与去年全年相比增加111家。其 中，民营企业进出口798.5亿 ...

Core Insights - Shenzhen maintained its position as the leading city in mainland China for import and export activities, achieving a total trade volume of 3.74 trillion yuan in the first ten months of the year [1] - The export value reached 2.27 trillion yuan, while imports totaled 1.47 trillion yuan, reflecting a year-on-year growth of 6.8% [1] Trade Composition - General trade accounted for 53.5% of Shenzhen's total import and export value, with a volume of 2 trillion yuan [1] - Bonded logistics contributed 26.8% with 1 trillion yuan, growing by 7.2%, while processing trade made up 19.2% with 717.9 billion yuan, increasing by 2.4% [1] Enterprise Participation - Private enterprises dominated the trade landscape, accounting for 68.5% of the total import and export value, amounting to 2.56 trillion yuan [1] - Foreign-invested enterprises showed a robust growth of 13.2%, reaching 1.05 trillion yuan, which constituted 28% of the total [1] - State-owned enterprises had a trade volume of 125.88 billion yuan [1] Trade Partners - The top ten trading partners represented nearly 80% of Shenzhen's total trade, with a combined import and export value of 2.93 trillion yuan, growing by 1.9% [1] - Key trading partners included Hong Kong, Taiwan, the EU, South Korea, Japan, and Mexico, with respective trade values of 638.33 billion yuan, 411.46 billion yuan, 384.13 billion yuan, 201.87 billion yuan, 179.18 billion yuan, and 52.1 billion yuan [1] Export Performance - The export of mechanical and electrical products reached 1.72 trillion yuan, growing by 4% and accounting for 75.7% of total exports [2] - Traditional electronic information products, such as computers and audio-video equipment, saw exports of 263.96 billion yuan and 75.59 billion yuan, with growth rates of 9.6% and 6.5% respectively [2] - Emerging industries also experienced significant growth, with lithium batteries, 3D printers, and medical devices exporting 70.06 billion yuan, 6.75 billion yuan, and 25.12 billion yuan, reflecting growth rates of 35.6%, 19.8%, and 5.5% respectively [2]

Core Insights - Shenzhen maintained its position as the leading city in mainland China for import and export value, reaching a total of 3.74 trillion yuan in the first ten months of 2025, with exports at 2.27 trillion yuan and imports at 1.47 trillion yuan, reflecting a year-on-year growth of 6.8% [1][2] Group 1: Export Performance - The export of mechanical and electrical products continued to dominate, amounting to 1.72 trillion yuan, a growth of 4%, accounting for 75.7% of total exports [1] - Traditional electronic information products, such as computers and audio-video equipment, saw significant export increases, with computers and components exporting 263.96 billion yuan (up 9.6%) and audio-video equipment exporting 75.59 billion yuan (up 6.5%) [1] - Emerging industries contributed to export growth, with lithium batteries, 3D printers, and medical devices exporting 70.06 billion yuan (up 35.6%), 6.75 billion yuan (up 19.8%), and 25.12 billion yuan (up 5.5%) respectively [1] Group 2: Import Dynamics - Imports showed strong production demand and an upgrade in food and seafood requirements, with total imports reaching 1.47 trillion yuan, an increase of 8.5% [2] - Mechanical and electrical products accounted for 1.2 trillion yuan of imports, representing 81.6% of total imports, with integrated circuits at 661.53 billion yuan (up 18.4%) and computer components at 242.7 billion yuan (up 12.3%) [2] - Agricultural imports totaled 82.26 billion yuan, growing by 10%, with significant increases in grain and seafood imports at 9.73 billion yuan (up 107.7%) and 9.27 billion yuan (up 36.2%) respectively [2] Group 3: Trade Partners and Market Composition - Shenzhen's total trade with its top ten partners reached 2.93 trillion yuan, a growth of 1.9%, accounting for 78.5% of total trade [2] - Trade with Hong Kong and Taiwan increased by 10.6%, with values of 638.33 billion yuan and 411.46 billion yuan respectively [2] - Exports to the EU, South Korea, Japan, and Mexico showed varied growth rates, with increases of 2.9%, 8.2%, 17.1%, and 0.9% respectively [2] Group 4: Market Participants - Private enterprises played a crucial role in foreign trade, with a total import and export value of 2.56 trillion yuan, representing 68.5% of the total [3] - Foreign-invested enterprises also showed robust growth, reaching 1.05 trillion yuan (up 13.2%), accounting for 28% of total trade [3] - State-owned enterprises had a total import and export value of 125.88 billion yuan [3] Group 5: Trade Methods - General trade accounted for 2 trillion yuan, or 53.5% of total trade, while bonded logistics and processing trade contributed 1 trillion yuan (up 7.2%) and 717.91 billion yuan (up 2.4%) respectively [3]

Core Insights - Shenzhen's total import and export scale reached 3.74 trillion yuan in the first ten months of the year, maintaining the leading position among mainland cities [2] - Exports amounted to 2.27 trillion yuan, while imports were 1.47 trillion yuan, reflecting a year-on-year growth of 6.8% [2] Trade Characteristics - General trade accounted for over half of the total, with a value of 2 trillion yuan, representing 53.5% of Shenzhen's total import and export value. Bonded logistics grew by 7.2% to 1 trillion yuan, making up 26.8%, while processing trade reached 717.9 billion yuan, growing by 2.4% and accounting for 19.2% [2] - Private enterprises contributed nearly 70% of the total import and export value, with 2.56 trillion yuan, which is 68.5% of the total. Foreign-invested enterprises saw a 13.2% increase to 1.05 trillion yuan, representing 28%, while state-owned enterprises accounted for 125.9 billion yuan [2] Trade Partners - The top ten trading partners accounted for nearly 80% of Shenzhen's total trade, with a combined import and export value of 2.93 trillion yuan, growing by 1.9% and representing 78.5% of the total. Key partners included Hong Kong, Taiwan, the EU, South Korea, Japan, and Mexico, with respective trade values of 638.3 billion yuan, 411.5 billion yuan, 384.1 billion yuan, 201.9 billion yuan, 179.2 billion yuan, and 52.1 billion yuan [3] Export Growth - Exports of electromechanical products reached 1.72 trillion yuan, growing by 4% and accounting for 75.7% of total exports. Traditional electronic information products, such as computers and audio-video equipment, saw exports of 263.9 billion yuan and 75.6 billion yuan, growing by 9.6% and 6.5% respectively. Emerging industries, including lithium batteries, 3D printers, and medical devices, exported 70.1 billion yuan, 6.8 billion yuan, and 25.1 billion yuan, with growth rates of 35.6%, 19.8%, and 5.5% respectively [3] Import Growth - Imports of electromechanical products totaled 1.2 trillion yuan, growing by 8.5% and accounting for 81.6% of total imports. Integrated circuits were imported at a value of 661.5 billion yuan, reflecting an 18.4% increase, while computer components, primarily graphics cards and servers, reached 242.7 billion yuan, growing by 12.3%. Agricultural product imports amounted to 82.3 billion yuan, growing by 10% and representing 5.6% of total imports, with significant increases in grain and aquatic products [4]

Core Insights - Shenzhen's total import and export volume reached 3.74 trillion yuan in the first ten months, a slight decrease of 0.2% year-on-year, maintaining its position as the leading city in mainland China for trade volume [1] - Imports amounted to 1.47 trillion yuan, showing a growth of 6.8%, while exports were 2.27 trillion yuan, reflecting a decline of 4.3% [1] - General trade accounted for 53.5% of Shenzhen's total trade value, with a volume of 2 trillion yuan, while bonded logistics and processing trade contributed 26.8% and 19.2% respectively [1] Trade Partners - Shenzhen's trade with its top ten partners totaled 2.93 trillion yuan, an increase of 1.9%, representing 78.5% of its total trade [2] - Key trading partners included Hong Kong, Taiwan, the EU, South Korea, Japan, and Mexico, with respective trade values of 638.3 billion yuan, 411.5 billion yuan, 384.1 billion yuan, 201.9 billion yuan, 179.2 billion yuan, and 52.1 billion yuan, all showing positive growth rates [2] Export Products - Exports of electromechanical products reached 1.72 trillion yuan, growing by 4% and accounting for 75.7% of total exports [2] - Traditional electronic information products, such as computers and audio-video equipment, saw exports of 263.96 billion yuan and 75.59 billion yuan, with growth rates of 9.6% and 6.5% respectively [2] - Emerging industries, including lithium batteries, 3D printers, and medical devices, reported exports of 70.06 billion yuan, 6.75 billion yuan, and 25.12 billion yuan, with growth rates of 35.6%, 19.8%, and 5.5% respectively [2] Import Products - Imports of electromechanical products totaled 1.2 trillion yuan, increasing by 8.5% and making up 81.6% of total imports [3] - Integrated circuits were imported at a value of 661.53 billion yuan, reflecting an 18.4% growth, while computer components, primarily graphics cards and servers, amounted to 242.7 billion yuan, growing by 12.3% [3] - Agricultural product imports reached 82.26 billion yuan, with a growth rate of 10%, accounting for 5.6% of total imports [3]