China's import and export volume and quality both increased in the first three quarters, and stable foreign trade policies are expected to continue to strengthen in the fourth quarter
2025-10-14
On the 13th, the General Administration of Customs announced the import and export situation of China's goods trade in the first three quarters of this year. According to customs statistics, in the first three quarters of this year, China's import and export of goods reached 33.61 trillion yuan, a year-on-year increase of 4%, maintaining a stable and positive trend. From the quarterly trend, the growth rate of imports and exports is accelerating quarter by quarter. China's imports and exports increased by 1.3% and 4.5% respectively in the first and second quarters of this year, and by 6% in the third quarter, achieving year-on-year growth for eight consecutive quarters. From the monthly trend, imports and exports increased by 8% in September, with a growth rate 4.5 percentage points higher than the previous month. As of September, China's exports and imports have continued to grow year-on-year for four consecutive months. Under the complex external environment, China's foreign trade has continued its steady and positive development momentum. ”Wang Jun, Deputy Director General of the General Administration of Customs, stated at the press conference of the State Council Information Office on the 13th. Since the beginning of this year, the world economy has faced increasing instability and uncertainty, as well as the prevalence of unilateralism and protectionism, which have put pressure on China's foreign trade operations. In the complex external environment, China's goods trade has withstood pressure, achieved stable growth, and demonstrated strong resilience. Trade diversification is playing an important role in mitigating external shocks. ”Feng Lin, Executive Director of Oriental Jincheng Research and Development Department, said. In recent years, China's trade diversification has continued to advance. In the first three quarters, China's import and export to countries jointly building the "the Belt and Road" amounted to 17.37 trillion yuan, an increase of 6.2%, accounting for 51.7% of the total import and export value, and the proportion increased by 1.1 percentage points. Imports and exports to ASEAN, Latin America, Africa, Central Asia, and other regions increased by 9.6%, 3.9%, 19.5%, and 16.7% respectively. The import and export of other economies in the Asia Pacific Economic Cooperation (APEC) increased by 2%. In addition, Feng Lin believes that external demand will maintain a certain level of resilience in the near future, driven by the high increase in AI investment worldwide and the transformation and upgrading of the domestic manufacturing industry. In the first three quarters, China's exports of mechanical and electrical products reached 12.07 trillion yuan, an increase of 9.6%, accounting for 60.5% of the total export value, an increase of 1.4 percentage points. Among them, the export of high-tech products such as electronic information, high-end equipment, and instruments increased by 8.1%, 22.4%, and 15.2% respectively; The growth rate of green products such as "New Three" products and railway electric locomotives has reached double digits. This means that the transformation and upgrading of domestic industries are providing new growth momentum for exports. ”Feng Lin stated that there has been a significant increase in AI investment globally, coupled with the obvious transformation and upgrading effects of China's manufacturing industry, which has driven rapid growth in exports such as chips and new energy vehicles, and is providing important support for overall exports. According to international data, in the first seven months of this year, China's imports and exports accounted for 11.8% of the global total value of goods trade, continuing to maintain its position as the world's largest country in goods trade. At the same time, China's "circle of friends" in foreign trade continues to expand. International data shows that in the first seven months of this year, China was one of the top three trading partners among 166 countries and regions worldwide, an increase of 14 compared to the same period last year. Maintaining the resilience and stability of global industrial and supply chains is in line with the common interests of all countries in the world. ”Wang Jun said, "China is an important force in maintaining the stability and smoothness of the global production and supply chain." He stated that in the first three quarters, China's foreign trade resilience was demonstrated, the structure was optimized, and both quantity and quality were improved, and the results were hard won. At the same time, it should be noted that the current external environment is still severe and complex, and foreign trade is facing increasing uncertainty and difficulties. Coupled with objective factors such as last year's high base, stable foreign trade development in the fourth quarter still requires arduous efforts. Looking ahead to the fourth quarter, Feng Lin predicts that the policy of stabilizing foreign trade may make efforts in the following areas: firstly, supporting enterprises to shift from export to domestic sales, mainly through measures such as vigorously boosting consumption and increasing effective investment demand, focusing on expanding domestic demand and helping export enterprises expand domestic sales channels online and offline. Secondly, we will increase targeted support for export enterprises, with a focus on financial support. We will not withdraw loans from enterprises facing temporary difficulties and will continue to provide loans to ensure their reasonable financing needs; At the same time, the underwriting scale and coverage of export credit insurance will be further expanded, and various regions will increase support for enterprises to participate in overseas exhibitions and promote the development of cross-border e-commerce; The third is to focus on stabilizing diversified markets, including signing or upgrading bilateral and multilateral free trade agreements with more economies, and signing visa free agreements with more countries to strengthen service guarantees for foreign trade enterprises and help them explore overseas markets. Our country's economic foundation is stable, with many advantages, strong resilience, and great potential. The supporting conditions and basic trends for long-term improvement have not changed, and the advantages of a super large market and a complete industrial system are prominent. ”Wang Jun said, "All of these will provide support for the stable development of foreign trade in the next stage
Edit:Yao jue Responsible editor:Xie Tunan
Source:China.org.cn
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