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]

Group 1: Export Data Overview - October exports decreased by 1.1% year-on-year, significantly lower than the expected 3.2% and previous value of 8.3%[1] - The month-on-month decline in exports was 7.1%, which is worse than the seasonal average decline of 3.2%[2] - Exports to emerging markets like ASEAN and Africa saw significant drops, with ASEAN exports down 4.7 percentage points to 11% and African exports down 46.1 percentage points to 10.5%[2] Group 2: Import Data Overview - October imports increased by 1% year-on-year, below the expected 4.1% and previous value of 7.4%[1] - The month-on-month decline in imports was 6.4 percentage points, reflecting supply disruptions[3] - Processing trade imports fell from 12% in September to 4.6% in October, indicating significant supply disturbances[3] Group 3: Supply Chain and Economic Factors - The decline in exports is attributed more to short-term supply disruptions rather than weakening external demand[2] - A reduction in working days in October (down 3 days compared to the previous month) exacerbated supply issues, particularly following the National Day holiday[2] - High-frequency export chain production indicators fell to -0.2%, aligning with the overall export decline of -1.1%[2] Group 4: Future Outlook - With easing US-China trade tensions and the expected recovery in supply, November exports are anticipated to rebound[4] - Exports to developed economies are showing a mixed performance, with US exports improving while those to the EU and UK are declining[4] - The ongoing industrialization and urbanization in emerging markets are expected to drive demand for intermediate and capital goods imports from China[4]

Core Viewpoint - Despite a challenging external environment, Shenzhen's foreign trade continues to show a steady and positive development trend, maintaining its position as the leading city for foreign trade in mainland China with a total import and export scale of 3.36 trillion yuan in the first three quarters of the year, reflecting a year-on-year growth of 0.1% [1] Group 1: Trade Performance - In the first three quarters, Shenzhen's total exports reached 2.04 trillion yuan, while imports amounted to 1.32 trillion yuan, with imports growing by 8.4% [1] - The general trade method accounted for 53.8% of Shenzhen's total import and export value, with a total of 1.81 trillion yuan [7] - The import of mechanical and electrical products reached 1.08 trillion yuan, growing by 10.7%, representing 81.4% of total imports [12] Group 2: Role of Private Enterprises - Private enterprises, which make up 97% of the market, are the main force in stabilizing Shenzhen's foreign trade and driving market expansion [4] - In the first three quarters, private enterprises accounted for 68.9% of Shenzhen's total import and export value, amounting to 2.32 trillion yuan [7] - The innovation vitality of private enterprises is continuously surging, with significant investments in R&D leading to breakthroughs in technology and product offerings [7] Group 3: Innovation and Product Development - Companies like Qixin Group have successfully developed products that meet diverse overseas market demands, showcasing innovation in smart technology [6] - The export of bicycles from Shenzhen reached 770 million yuan, marking a year-on-year increase of 34.5%, driven by advancements in carbon fiber technology [6] - Shenzhen's traditional electronic information industry and emerging industries maintain a competitive edge, with exports of electromechanical products growing by 4.5% [10] Group 4: Market Expansion and Partnerships - Shenzhen's foreign trade network is expanding, with total imports and exports to the top ten trading partners reaching 2.63 trillion yuan, a growth of 2.2% [11] - The ASEAN region has become an important trading partner, providing more export opportunities, especially for high-value-added products [11] - Trade exhibitions have facilitated Shenzhen enterprises in exploring new markets, with significant procurement intentions achieved in various overseas events [12]

Core Insights - Shenzhen's foreign trade showed resilience in the first three quarters of 2024, maintaining its position as the leading city for foreign trade in mainland China with a total import and export value of 3.36 trillion yuan, a year-on-year increase of 0.1% [1][2] - In September, however, Shenzhen experienced a decline in monthly trade for the first time in four months, with total trade dropping by 1.3% to 403.6 billion yuan, driven by geopolitical factors and fluctuations in the international shipping market [1][2] - The overall decline in September was less severe compared to the same month last year, where the year-on-year drop in total trade was 4.2% [1] Trade Composition - General trade accounted for over half of Shenzhen's foreign trade, with a total of 1.81 trillion yuan, representing 53.8% of the total trade value [2] - Private enterprises dominated the trade landscape, contributing 2.32 trillion yuan, or 68.9% of the total, while foreign-invested enterprises saw a 12.7% increase in trade [2] - The top ten trading partners accounted for nearly 80% of Shenzhen's trade, with significant growth in exports to regions such as Hong Kong, Taiwan, and the EU [2] Sector Performance - The traditional electronics sector maintained a competitive edge, with exports of electromechanical products reaching 1.54 trillion yuan, a 4.5% increase, making up 75.7% of total exports [2][3] - Key products in the electronics sector included computers and components, with exports of 236.65 billion yuan and 67.53 billion yuan, respectively, showing growth rates of 10.6% and 6.3% [3] - Emerging industries also performed well, with lithium batteries and 3D printers seeing export growth of 36.6% and 14%, respectively [4] Import Trends - Imports of electromechanical products grew by 10.7% to 1.08 trillion yuan, accounting for 81.4% of total imports, driven by the rapid application of artificial intelligence technology [4] - Integrated circuits were a significant import category, totaling 591.75 billion yuan, reflecting a 17.7% increase [4] - Agricultural imports also saw growth, with total imports of agricultural products reaching 75.23 billion yuan, a 9.3% increase [4] Long-term Growth - Shenzhen's foreign trade has demonstrated strong resilience, with an average annual compound growth rate of 10.2% over the past five years, surpassing the national average by 2.1 percentage points [4] - The city is projected to surpass 3 trillion yuan in trade in 2023 and 4 trillion yuan in 2024, contributing over 30% to national foreign trade growth [4]

Core Insights - Shenzhen maintained its position as the leading city for foreign trade in mainland China, with a total import and export volume of 3.36 trillion yuan in the first three quarters of the year, reflecting a year-on-year growth of 0.1% [1][2] Group 1: Trade Volume and Composition - The total export volume reached 2.04 trillion yuan, while imports amounted to 1.32 trillion yuan [1] - General trade accounted for 53.8% of Shenzhen's total trade, with a volume of 1.81 trillion yuan [1] - The bonded logistics trade grew by 8.7% to 902.43 billion yuan, representing 26.8% of the total [1] - Processing trade saw a 2.1% increase, totaling 635.64 billion yuan [1] Group 2: Enterprise Contributions - Private enterprises contributed 2.32 trillion yuan to the import and export volume, making up 68.9% of the total [1] - Foreign-invested enterprises experienced a 12.7% growth, reaching 926.88 billion yuan, which accounted for 27.6% of the total [1] Group 3: Trade Partners - Shenzhen's trade with the top ten trading partners totaled 2.63 trillion yuan, marking a 2.2% increase and accounting for 78.3% of total trade [1] - Notable growth in trade with specific regions included Hong Kong (8.6%), Taiwan (16.2%), the EU (2.4%), South Korea (8.2%), Japan (17.3%), and Mexico (1.6%) [1] Group 4: Product Categories - Exports of electromechanical products reached 1.54 trillion yuan, growing by 4.5% and constituting 75.7% of total exports [2] - Key electronic products included computers and components (236.65 billion yuan, +10.6%) and integrated circuits (179.43 billion yuan, +40.3%) [2] - Imports of electromechanical products totaled 1.08 trillion yuan, increasing by 10.7% and representing 81.4% of total imports [2] - Integrated circuit imports were valued at 591.75 billion yuan, with a growth of 17.7% [2]

Core Insights - Shenzhen's foreign trade has shown resilience in 2023, maintaining its position as the leading city for foreign trade in mainland China with a total import and export scale of 3.36 trillion yuan, reflecting a year-on-year growth of 0.1% [2] Group 1: Trade Performance - Total exports reached 2.04 trillion yuan, while imports amounted to 1.32 trillion yuan, marking an 8.4% increase in imports [2] - General trade accounted for over half of the total trade, with a value of 1.81 trillion yuan, representing 53.8% of the total [2] - Bonded logistics saw a significant growth of 8.7%, totaling 902.43 billion yuan, which is 26.8% of the total trade [2] - Processing trade recorded an import and export value of 635.64 billion yuan, growing by 2.1% [2] Group 2: Enterprise Contributions - Private enterprises contributed significantly to trade, with a total of 2.32 trillion yuan in imports and exports, accounting for 68.9% [2] - Foreign-invested enterprises also showed robust growth, with imports and exports reaching 926.88 billion yuan, a 12.7% increase, making up 27.6% of the total [2] - State-owned enterprises had a smaller share, with imports and exports totaling 117.6 billion yuan [2] Group 3: Trade Partners - The top ten trading partners accounted for nearly 80% of Shenzhen's total trade, with a combined value of 2.63 trillion yuan, reflecting a growth of 2.2% [2] - Trade with Hong Kong, Taiwan, the EU, South Korea, Japan, and Mexico saw respective growth rates of 8.6%, 16.2%, 2.4%, 8.2%, 17.3%, and 1.6% [2] Group 4: Export Composition - The export of electromechanical products reached 1.54 trillion yuan, growing by 4.5% and constituting 75.7% of total exports [3] - In the traditional electronics sector, exports of computers and components, as well as audio-video equipment, grew by 10.6% and 6.3%, totaling 236.65 billion yuan and 67.53 billion yuan respectively [3] - Integrated circuit exports surged by 40.3%, amounting to 179.43 billion yuan [3] - Emerging industries such as lithium batteries, 3D printers, and medical devices also showed strong export growth rates of 36.6%, 14%, and 5.3% respectively [3] Group 5: Import Trends - Imports of electromechanical products totaled 1.08 trillion yuan, reflecting a growth of 10.7% and accounting for 81.4% of total imports [3] - Integrated circuit imports reached 591.75 billion yuan, growing by 17.7%, while imports of computer components, primarily graphics cards and servers, increased by 24.3% to 222.96 billion yuan [3] - Agricultural product imports amounted to 75.23 billion yuan, with significant growth in grain and aquatic products, increasing by 117.6% and 34.2% respectively [3]

Core Insights - Shenzhen maintained its position as the leading foreign trade city in mainland China with a total import and export scale of 3.36 trillion yuan in the first three quarters of the year, reflecting a year-on-year growth of 0.1% [1] Trade Characteristics - General trade accounted for over half of the total trade, with a value of 1.81 trillion yuan, representing 53.8% of Shenzhen's total import and export value. Bonded logistics saw a rapid growth of 8.7%, totaling 902.43 billion yuan, which accounted for 26.8% [2] - Private enterprises contributed nearly 70% of the total trade, with imports and exports reaching 2.32 trillion yuan, making up 68.9%. Foreign-invested enterprises also showed a strong growth of 12.7%, totaling 926.88 billion yuan, which accounted for 27.6% [2] - The top ten trading partners accounted for nearly 80% of the total trade, with a combined import and export value of 2.63 trillion yuan, growing by 2.2%. Notable growth was observed in trade with Hong Kong (8.6%), Taiwan (16.2%), the EU (2.4%), South Korea (8.2%), Japan (17.3%), and Mexico (1.6%) [2] Export Performance - The traditional electronic information industry and emerging industries maintained a strong competitive advantage in exports, with mechanical and electrical products exported totaling 1.54 trillion yuan, a growth of 4.5%, accounting for 75.7% of total exports. Key products included computers and components (236.65 billion yuan, +10.6%) and integrated circuits (179.43 billion yuan, +40.3%) [3] - Emerging industries such as lithium batteries, 3D printers, and medical devices also saw significant export growth, with increases of 36.6%, 14%, and 5.3% respectively [3] Import Dynamics - The application of artificial intelligence technology accelerated the growth of imports related to electronic components, with mechanical and electrical products imported totaling 1.08 trillion yuan, a growth of 10.7%, accounting for 81.4% of total imports. Integrated circuits imports reached 591.75 billion yuan, growing by 17.7% [3] - Imports of computer components, primarily graphics cards and servers, totaled 222.96 billion yuan, reflecting a growth of 24.3%. Agricultural product imports also increased, totaling 75.23 billion yuan, with significant growth in grain (117.6%) and aquatic products (34.2%) [3]